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Newmarket 4.15 Too Friendly, 4/1 ... 2nd Newmarket 5.15 Great Max, 5/1 ... 6th
DAY'S LOSS £80 Profit in 24 days since starting these bets = £780
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * S T A K I N G P L A N
For my own bets I use VARIABLE STAKING, meaning that stakes are 2% of my betting bank (working capital), which VARIES from day to day depending on profit or loss the previous day. Example ...
DAY 1: Let's say you start with a £2,000 bank, using 2% for stakes (£40 per horse), but it's a losing day, reducing your bank to £1,940.
DAY 2: You use 2% of the new £1,940 bank, so your stakes are £38.80. You have a winning day, and at close of play your bank stands at £2,102.
DAY 3: You use 2% of £2,102 = £42 for your stakes.
To recap, whatever your betting bank balance, your following day's stakes are 2% of that balance.
This "daily-variable" staking ensures that your bank is never in danger during a losing run ... but profits are maximised on winning runs. Given that we should win more than we lose, profits are further enhanced. Finally, we can use 2% of the bank, whereas level stakes would only safely allow 1.5%.
At the end of each month, take any monies over £2,000 out of your betting bank as profit.
W A R N I N G -- start small! On your first day, I'd advise you to start with a £100 betting bank and use £2 stakes. As your confidence grows, you can add capital to your bank so that stakes can increase -- but NEVER use more than 2% of your bank for stakes.
PLEASE NOTE: I calculate YouTube profits @ £40 level stakes (not daily-variable stakes) because (a) everyone starts at a different time, so will have different stakes, and (b) level stakes are easier to follow for the newcomer.
