© 2009 Queribus Racing Services
Made by Serif
It is important to understand that by following my selections you are taking a long term view. I am not suggesting that every selection identified as a back is going to win and that all those identified as lays are going to lose but I am predicting that over time those that do win and place will do so at better odds than their raw chance suggests and therefore provide us with a profit margin in the long term. It does not matter if you miss a few days betting as the returns or loss on these days are not important over time. Remember, the idea behind my selections is to make slow and steady progress from a large number of bets not to expect quick returns from a small number.
One thing that we can guarantee when betting is that there will be losing runs and on occasions these runs will be over an extended period of time. Therefore we must have a strategy to deal with this. We set a betting bank and break it up into lots of small chunks (or in betting parlance points) and bet these small chunks on each selection. In this way we can sustain a long losing run before we lose a substantial part of our bank. As an example if your starting bank is £500 you could then split that into 250 points of £2. When I advise a selection to members I also advise the number of points that I recommend you stake upon that selection. So, using our example bank above, if I recommend 5 points then for our point of £2 the total amount to stake would be 5 X £2.00 = £10.00
In order to make a long term profit from racing it is vital that you start with a sensibly sized betting bank and stick to a common sense staking approach in a disciplined fashion. By doing this the very worst that can happen is that you lose all of your starting bank. Therefore you must start with an amount that you can comfortably afford to lose. If you start with an amount greater than you can comfortably afford to lose then the temptation will be to stop betting after a bad run and you will then inevitably miss out on the good runs. It doesn’t matter if you start with a modest bank, treat this as a long term investment.
I have outlined on the next page the rules of my preferred staking plan which I use myself. You can see the results of following the Queribus selections according to the plan on the Proof page.
Fundamentals
•When formulating a staking strategy we should take into account the following
•There will always be a downturn after an upturn and vice versa
•We must withdraw some some of our profits when they present themselves
•We must not give up during a downturn. If we are tempted to give up then the value of our bank was too high to start with as we must be readily prepared to lose the lot
How many points should I split my bank into?
The easiest way to determine the correct size of your bank for any system that you are following is to find out the maximum risk you are exposed to and then decide the maximum risk that you are willing to take.
1. Look at the maximum draw down that following this system has ever shown. To calculate draw down enter the profit and loss for each selection from the system into a table as if you had bet on them over time then find the biggest ever drop in the bank. For example let’s say that you had started with a 100 point bank that had peaked at 200 points but then a few weeks later was only 75 points before recovering to 125 points. The maximum draw down was 200 to 75 points or 125 points
2. Decide what % of the bank you would be prepared to lose without being tempted to give up
Now we know these two things we can calculate the size of the starting bank. Let’s say that you were prepared to stomach a 50% loss in your bank. In our example above we know that the draw down is 125 points so we know that we need a bank of 250 points. If you only wanted to stomach a 33% loss then the bank would need to be 375 points and so on.
