24th July 2006.
Pianoforte (Miracle System) came 7th,Carnivore (Best Lay bet of the
Day) came 3rd.
There was a very good post in the forum on Friday about why you should
only use level stakes.
Paulthepsychic make a convincing argument and it is one that a lot
of people would and probably should agree with, but you know me!
Here is my reply.
An interesting post and one I thought I would like to get involved in
"playing the devils advocate".
As per Paulthepsychic post I am not out to offend.
Although Paulthepsychic is well written and explains in detail why
you should avoid staking plans, I see two problems.
1. How long will level stakes systems be level stakes and when do you
decide they aren't any more.
2. By relying on level stakes we immediately give the impression that
this isn't gambling and that it is very easy to win that way, when
we all know it isn't.
No matter which way you look at it we are gamblers, (I know there are
some nice new terms like "traders" and such) and as gamblers we have
to asses risk and decide if we should gamble based on that risk.
The moment we try to ignore the fact that in the long or short term
there is likely to be no risk, we are on very dodgy ground in deed.
Risk Management is the key to success and knowing what you can afford
to lose. Most staking plans don't fail because they lose money, they
fail because people haven't assessed the risk of using them and
planned for when things do go wrong.
If you decide to use a staking plan then you have to look at what
could happen and then be ready for it. If you then have a losing run
bigger than you expected it can be handled and doesnít have to be a
complete wipe out of your bank.
I am not saying itís easy but it is possible with proper planning and
Just like everything else to do with gambling experience plays a
great part and Paulthepsychic and many others have decided that level
stakes is best, my view is different and many people successfully use
staking plans no matter what the statistics say, but you have to
decide what is best for you and make sure you assessed the risk!
What do you think?
"The Deadly sins of Gambling"
Sorry I will have another look at this tomorrow.
Ok after some more work on the "Mother of all lay systems"
selections we have decided that the maximum price to lay at
is 7.00 on the exchanges.
2 winners again on Friday.
17.25 Ayr, Walnut Grove
18.20 Windsor, Lilac Star,
New (test) Lay System..."Nags to Riches"
Both won yesterday, I wonder if we should just put half of our stake on
W = 51
L = 10
% = 84
20.30 Beverley, Wise Choice
16.40 Yarmouth, Fonic Rock
Miracle System (win Bet)
15:20, Ayr, Just Lille
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"Lay of the Day" - Lay Betting System Bet
17:10 Yarmouth Tangarita (V4 Flat)
Please Note: The lay betting system is actually 4 systems in 1 and I
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6) Now on V4
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o Todays sponser tip
Lay Bet a Day
14.15 Ayr, Voodoo moon
0.5% to 2% of your bank, we show staking as 1%
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Best of Luck
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