Horse Racing Tips
This blog will track my horse racing selections and will involve a specific staking plan which I shall call the ‘gecko staking plan’ as I can’t think of a relevant name that explains it! I usually stick to singles betting and level stakes but the whole purpose of this blog is to see if my staking plan bears fruit.
My selections are usually at reasonable odds and as such the staking plan reflects that as it is geared to pay our much more when a decent sized winner comes in; if I reversed it and piled the stakes on when there was a short-priced heavy fav, I might get more winners but the relevant payout wouldn’t affect the profit as much as an 8/1 shot would. By increasing the stakes, the 6/1 or 12/1 winner pays out enough to cover a string of losing bets. I usually back win only too as I’m not a fan of each-way betting but there may be times when an each-way bet is warranted.
STAKING PLAN >
up to 2/1 odds > 1 pt
up to 3/1 > 2pts
up to 4/1 > 3pts
up to 5/1 > 4pts
over 5/1 > 5pts
- This is really simple and just increases the stake as the odds increase – again, the justification for this is that an occasional decent-odds winner will pay well.
- With a reasonable strike rate, this system will produce a good profit.
- If I can’t find many winners or any at decent prices, then the staking means a rapid loss.
* I will begin with a bank of 5,000pts
* Selections will be for all races except where there is a pick that is heavily odds-on (I will ignore these) or if it is a race that just doesn’t warrant a pick
* I will track the SP and also the BSP as the Betfair Starting Price is the one I will be using where possible for this system. I will also monitor the blog using level stakes (LSP) purely for interest
NB: this blog will track my selections and odds to see if there are enough winners and also whether the staking plan works – I will list my picks and the results with the odds taken at the time and the SP (the odds affect the stake hence the odds ‘taken’ and the eventual odds)
Off and running with today’s picks later on