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Hi
In this part of the Optimum Profit Strategy (OPS) I want to talk about the Mal-lay system which is a bonus in the Grey Horse Bot (bonus 28) and GHBLite member’s area.
Click Here to get the latest results.
In and earlier article (Click Here to read) we established that as far as the odds range are concerned the OPS for Mal-Lay was between 7 and 13.
In this article I want to discuss different staking scenarios and how they can affect profit.
Before we get to that I would like to mention that you should consider always keeping your stake to a maximum of 1% of your bank.
Let us look at 3 different types of staking.
Fixed.
This is basically the same stake on each selection. In the spread sheet it is E, F and G.
When you win it is always the same amount but when you lose we multiply our stake by the odds (-1) that you layed at.
Your losses will vary depending on the odds that you took.
% of bank.
(See article part 3)
If you look at column M, N and O you will see that our stake changes based on our current bank.
It isn’t a bad strategy because your stake increases or reduces based on your bank.
Liability
This is where you take a maximum amount of money you are prepared to lose and divide it by the odds available. This will give you your stake.
You can see this in columns I and J.
In this case your profit varies depending on the odds but your losses are always the same.
The trick here is to choose an amount that will give you at least 10 losers in a row.
To get a fair comparison please set the spread sheet up like this.
(by the way the latest download is set this way).
Stake (E2) £10 (1% of your start bank)
Liability (J3) £120 (The same as £10 x 12 our maximum loss)
% of Bank (N4) 1%
We now have a like for like representation of the potential returns from each staking idea.
The fixed stake is the least amount of profit of the 3 but in my books it is probably the safest. We do know the maximum we can lose is £120 but generally we will probably lose at lower odds.
Using a fixed liability is the most profitable at the moment but you should be aware that on losing days it does tend to lose more.
If you look at cell K5 you will see the figure 4.43 (25/04/2012) which tells us we have covered our maximum loss of £120 over 4 times.
So we would have to lose 4 times in a row to be back where we started.
I was surprised when I created this column that it was so much more profitable.
I though at the higher odds we wouldn’t make as much. But so many of the selections are under 10.00 that we make more than the 9.5 we get on fixed stake.
In fact we are often achieving closer to 14.00.
Although I like the extra profit my worry is that we will get a losing day of more than 1 and when we do that will wipe out a good bit of profit.
I suppose that in this case stake % of bank is the happy medium.
We decided at the start 1% was an acceptable risk (you must decide what this figure is for you) and we have kept that all the way through.
If I decided on the stake % of bank strategy I think I would be inclined to remove some of the profit thus reducing my bank and stake.
So what is our OPS for Mal-Lay?
Well clearly the most profitable strategy at the moment is fixed liability and you could argue that when we started our liability was 12% of our bank but now it is only around 8% so our risk has reduced.
To be careful it is probably best to keep your maximum risk to 10% or below and if you change the spread sheet (J3) to £100 you will see that this is still the most profitable strategy but now only by £2 against stake % of bank.
There is another option as well…
That is to use Liability as a % of bank which both the Grey Horse Bot and GHBLite can do automatically.
If you look at columns T, U and V you can see I have added the results for this scenario and the profit increases even further.
I would probably reduce my liability down to about 8 or 9% in this case.
With laybetting it is all about risk management.
Use a strategy that suits you.
It’s not always about making the most profit in the shortest possible time but rather knowing that what ever does happen, you are happy with the strategy you are using and the losses you could incur should it go wrong.
Thank you for reading I really appreciate it.
Malcolm
http://www.greyhorsebot.co.uk
Hi
In this part of the Optimum Profit Strategy (OPS) I want to talk about the Mal-lay system which is a bonus in the Grey Horse Bot (bonus 28) and GHBLite member’s area.
Click Here to get the latest results.
In and earlier article (Click Here to read) we established that as far as the odds range are concerned the OPS for Mal-Lay was between 7 and 13.
In this article I want to discuss different staking scenarios and how they can affect profit.
Before we get to that I would like to mention that you should consider always keeping your stake to a maximum of 1% of your bank.
Let us look at 3 different types of staking.
Fixed.
This is basically the same stake on each selection. In the spread sheet it is E, F and G.
When you win it is always the same amount but when you lose we multiply our stake by the odds (-1) that you layed at.
Your losses will vary depending on the odds that you took.
% of bank.
(See article part 3)
If you look at column M, N and O you will see that our stake changes based on our current bank.
It isn’t a bad strategy because your stake increases or reduces based on your bank.
Liability
This is where you take a maximum amount of money you are prepared to lose and divide it by the odds available. This will give you your stake.
You can see this in columns I and J.
In this case your profit varies depending on the odds but your losses are always the same.
The trick here is to choose an amount that will give you at least 10 losers in a row.
To get a fair comparison please set the spread sheet up like this.
(by the way the latest download is set this way).
Stake (E2) £10 (1% of your start bank)
Liability (J3) £120 (The same as £10 x 12 our maximum loss)
% of Bank (N4) 1%
We now have a like for like representation of the potential returns from each staking idea.
The fixed stake is the least amount of profit of the 3 but in my books it is probably the safest. We do know the maximum we can lose is £120 but generally we will probably lose at lower odds.
Using a fixed liability is the most profitable at the moment but you should be aware that on losing days it does tend to lose more.
If you look at cell K5 you will see the figure 4.43 (25/04/2012) which tells us we have covered our maximum loss of £120 over 4 times.
So we would have to lose 4 times in a row to be back where we started.
I was surprised when I created this column that it was so much more profitable.
I though at the higher odds we wouldn’t make as much. But so many of the selections are under 10.00 that we make more than the 9.5 we get on fixed stake.
In fact we are often achieving closer to 14.00.
Although I like the extra profit my worry is that we will get a losing day of more than 1 and when we do that will wipe out a good bit of profit.
I suppose that in this case stake % of bank is the happy medium.
We decided at the start 1% was an acceptable risk (you must decide what this figure is for you) and we have kept that all the way through.
If I decided on the stake % of bank strategy I think I would be inclined to remove some of the profit thus reducing my bank and stake.
So what is our OPS for Mal-Lay?
Well clearly the most profitable strategy at the moment is fixed liability and you could argue that when we started our liability was 12% of our bank but now it is only around 8% so our risk has reduced.
To be careful it is probably best to keep your maximum risk to 10% or below and if you change the spread sheet (J3) to £100 you will see that this is still the most profitable strategy but now only by £2 against stake % of bank.
There is another option as well…
That is to use Liability as a % of bank which both the Grey Horse Bot and GHBLite can do automatically.
If you look at columns T, U and V you can see I have added the results for this scenario and the profit increases even further.
I would probably reduce my liability down to about 8 or 9% in this case.
With laybetting it is all about risk management.
Use a strategy that suits you.
It’s not always about making the most profit in the shortest possible time but rather knowing that what ever does happen, you are happy with the strategy you are using and the losses you could incur should it go wrong.
Thank you for reading I really appreciate it.
Malcolm
http://www.greyhorsebot.co.uk