Atho55 wrote: ↑Sun Oct 20, 2019 6:28 pm
Has anyone tried Level Stakes and use in Handicap Races only??
I have not got enough data yet but looking back over the last 3 months looks profitable
Using the staking plan advised is pure suicide! Page 7
I may be mistaken but assumed the person posing the question was referring to this part of the thread...
What are Level Stakes? Just curious.
As for Martingale and other staking planes it's not hard to model what would happen based on a huge data set with random binary results. IE, win/lose (1 or 0).
Did that years ago. Turns out you may as well just place a random sequence of bets. The staking plan does nothing other than give one a false sense of security and that is worse than no staking plan at all. May as well stick your house on red or black in roulette. IE, Dont do it. The numbers, runners or games have no memory. What happened the event before has no bearing on the next result. Unless maybe its something like the 2nd leg of football competition. Which is usually factored to the prices on offer anyway as the market is quite efficient.
This game is all about seeking value whether its a macro or micro strategy. If each wager is negative value you are going to lose no matter what the staking plan is.
Trust me when you have hundreds or thousands on the roll of a dice you won't care that it lost 10 times before. Except in the sense you still have just as much chance of losing of course. If anything that's more reason not to stake again.
Plus, when you do manage to win a stake you then would have to factor in all the losses and take that out of any profit.
Why not just seek to be a trader who only places a trade when you have more chance of winning or losing in the first place. Quite a few people here manage it. Even if it did take a good while to learn. Well on the way myself.