Stop at a winner

[bryn]

I have always strugled in making a steady profit by laying horses to loose. After a couple of winning bets one looser comes along and wipes off the profit. I am thinking of trying stoping for the day if the first selection does the business and bank the profit. But if the first selection lost carry on with the rest of the selections untill I am in profit. I am not interested in any loss recovery staking.
Does anyone adopt this "stop at a winner " approach or can give any advice on the subject ?
Thanks
Bryn

[mathare]

Back test the selections you have already recorded to see what difference this makes to your data. I doubt it'll improve the results but that's just a hunch.

[mick56]

Hi bryn as yet i do not place lay bets but i am paper proofing using the expectation of 1pt profit per bet with filters regarding max price, which is i suppouse on average is simular to level stake win bets.
But with regards your question before i make any change in staking or selection procedure i need to see some kind of logical or racing reason behind it and i cannot see this with stop at a winner staking for lay or win bets.
I think it is one of racings holy grails to achive consistency with the way your winners and profits come in relation to the reverse,i dont manage it but if at the end of the year the end profit is there without to much strain on starting capital why worry.(or that's what i keep trying to tell myself!.)
I am sure you identify ALL your lay bets for the same good reasons and i agree that it is frustrating when just one mistake can take back the profit from several successful lays if you prouduce the long term profit i would back them all,because SAW could cause you simular frustration.

My paper proofing of lays is producing acceptable profits but i want to see the possible worse case scenarios before deciding to risk my cash.and that is the other suggestion i would make paper proof the bets with SAW before deciding and try it with future results not previose .We dont get many edges in this game bryn but i have found being patient and cautious when considering something new is one of them.Which ever you choose i wish you good fortune with your lay bets.

[Win2Win]

Search on here for 'Stop at a winner', and you'll see why that idea makes no sense whatsoever.

Each race is independent whether their is 5 minutes till the next or 18 hours, so if your going to 'Stop at a winner' you never bet again after it.

Say you have 15 Lays on the 1st March, the first one loses, you're in profit, you STOP. The other 14 all lose. Come the end of March everyone else is 10 points in profit while you have -4 :splapme

[bryn]

Very interesting
Will cancel "stop at a winner"
Thank You all

[mick56]

Bryn just for your own peace of mind consider doing a bit of paper proofing your lay bets with SAW.set against you normal staking,it would i think make an interesting thread if you reported back on the out come,at some future date.