Golden Slipper update
The Rules
1. Divide capital by two. I’ll use $5,000 as the example
2. We have a $2,500 Operating Bank and a $2,500 Reserve Bank
3. Decide on the bet percentage based on the Strike Rate of the Selections. For Win% of 20, bet size is 2% For Win% of 30, bet size is 3% For Win% of 40, bet size is 4% For Win% of 50, bet size is 5% These bet sizes relate to the expected losing runs for the above Win Strike Rates
4. For this example, we will use 4%. So the bet is always 4% of the highest point the operating bank has reached. Never less.
5. Bets continue on the basis until the Operating Bank doubles. So when the $2,500 operating bank becomes $5,000, add in the Reserve Bank. So we now have a $3,750 Operating Bank and a $3,750 Reserve Bank. The next bet in the new cycle is 4% of $3,750.
6. If a bad run is experienced, bearing in mind the bet is always 4% of the highest point of the Operating Bank has reached, we can allow the Operating Bank to drop 50% from the starting figure. As this point, we add the Reserve Bank, divide by two and start again.
YOU CAN DO THIS USING A SPREADSHEET OR JUST RULE COLUMNS ON AN A4 SIZE BOOK.
I DO MINE ON A DAILY BASIS SO WHETHER I HAVE 2 OR 3 OUTLAYS A DAY OR TEN, THE OUTLAY PER SELECTION DOESNT ALTER TIL END OF DAY.
IF YOU CAN FOLLOW IT RACE BY RACE THE MOVEMENT IS A LOT QUICKER. IT CANT GO DOWN BUT ON A WINNING RUN IT CAN QUICKLY RISE.
WE SUGGEST IF YOU HAVE RECENT ACTIVITY YOU CAN SEE HOW IT WOULD HAVE OPERATED FOR YOU AND OF COURSE YOU CAN SEE YOUR REAL, NOT EXPECTED WIN STRIKE RATE.
