help! advice needed for staking plan

[jumpsfan]

hi all

i tend to back big priced horses , anywhere form 10/1 - 55/1 or above.
when my selection is made i will usually always back it in the future until it wins (hopefully). sometimes they win within 3 runs, sometimes within 10 runs, and some just havent won.
what would be the best way to go about maximising profit.
should i keep a record of all losses on each selection and try to recoup losses form previous bets on each selection in the future.

should i try to win a set ammount each time the horse runs with a minimum bet guarantee, so always have £5 win if its 20/1 or above to make £200 profit when it does win. £20 if its 10/1 to win £200 etc
i have been making a profit to level stakes.

any advice welcome

[jumpsfan]

apologies
that should be £10 at 20/1
£20 at 10/1

[alrodopial]

Since you are in profit at level stakes you can split your bets into "bands/regions" based on odds (10-15 / 15-20 etc) and if your samples/results are still large enough and also show level profit you can adjust your stakes based on the yield and/or profit of these bands.
Hope it makes sense.

[jumpsfan]

thanks for the reply al, yes it makes sense.

[Shaun]

I am in Aus and have looked at this idea in the past like using a blackbook for horses, the hardest part of this is limiting the number of horses you have in your stable, if you had 25 horses you need to keep up the stakes untill they win.

I have found if you choose the right horses you can have 80%+ winners over a period of time but you can't look at profit/loss from an overall perspective but more on an individual bassis.

You may have to wait months for a payoff from one horse and this can draw down the bank, the way i did it if i had a $10,000 bank i might split it in to 20 banks of $500 and each bank would be the max i would invest on any one horse i would then decide on the max runs i would track the horse for say 10 runs, i was backing horses from a spell so this was more than enough.

If the horse was fancied in its first run and failed more often than not the odds would be greater next run and so on untill it won so the increase in price covered the losses from before, then there was times when it would start long odds first up and win this would be a bonus.

If the odds were greater then say 15/1 i might split my stake for that run on the place market because if it had a good run at odds next run would be lower and harder to recoup investment.

[jumpsfan]

thanks shaun

i think what i shall do is keep a record of losses on each selection, and try to recoup losses in future runs, or except the loss if it never wins.
thanks again