The X Factor Staking plan was devised with two purposes in mind:
1) To defeat the long losing run which is the stumbling block of many systems (Winter).
2) To enable higher stakes, than were previously used, to be placed to play up winners and winning runs(Summer)in the knowledge that the long losing run would not cause the system to fail.
In a way the theories of the plan can be likened to the old saying 'Make hay while the sun shines but save for a rainy day’. There are many, many staking plans which are used with systems to boost profits or to turn level stakes loses into winnings.
Most are dangerous – things go well for a time and then the inevitable long losing run occurs to take any previously accrued profits and the operating bank and the system is dead, showing big losses.
Probably the most dangerous staking plan is the 'doubling up’ system. Work it out for yourself – start with one point and double it up a further nine times. You will find that the tenth stake required will be 512 points and the total loss after the tenth consecutive loser would be 1023 points.
Simple progressive plans such as 1,2,3,4 etc. or 1-2-2-3-3 etc. are less dangerous, but a winner after losers may not be enough to cover previous losses, and a long losing run could still cause problems.
An important consideration in deciding which staking plan to use with your system is pattern of results combined with the average starting price odds (SP) the system produces.
For instance, do you get regular winners, but at short prices (maybe a ‘favourites’-based system) or do you get a smaller ratio of winners but at bigger prices or is it somewhere in between. For example, maybe you are looking for winners at say, around 10 -1.
You will get some, but they will be few and far between and I can assure you long losing runs will be regular and VERY LONG.
Application of the ‘X Factor Staking Plan’:
To illustrate how the ‘X Factor Staking’ rules apply, l will use the 'Retrieve Staking Plan’ (explained in the manual within the software) but can I stress that the principles of the X Factor Staking rules can be applied to most staking plans.
I have used a fictitious set of 50 consecutive results. There are 15 winners and 35 losers, the average price used throughout is 2 – 1 (So this would probably be a ‘favourites’-based system)and there is a consecutive losing run of 12 between bets 34 and 45.
The sequence of 50 bets would show a level stake loss so I have not used a particularly favourable set of results.
Considering that the price of 2-1 (3.00) is fairly short, a consecutive losing run of twelve should not happen too often – if it does, the selection method is wrong and should be abandoned.
Remember also that any betting system should use an ‘operating bank’ – in my examples the bank is 500 points. Using the basic 'Retrieve Staking Plan' the whole bank is LOST after bet No. 45.
Whereas by using the ‘X Factor Staking’ rules, the system carries on successfully through to bet No. 50, the whole of the operating bank is intact and a profit of 56.5 points has been made- and this from a fairly poor set of results.
That is a 556 unit different between a Retrieval staking plan and the X Factor.
Can I stress that in both cases the operating bank is exactly the same - 500 points. l am not asking you to use a higher bank to operate my plan.
In fairness to the creator (Johnny) and clients that purchase, I will not go into the actual staking details (you will see the complete manual in the software.)
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Beating a losing run!
Now the crunch! The long losing run of 12 occurs. On the Basic Retrieve Staking Plan, after bet
No. 45 all of any previously accrued winnings, plus the whole 500-point bank is LOST!
The principle of the ‘X Factor Staking Plan’ is to defeat the losing run before it defeats you! This is why a 'Reserve Bank’ has been created. |
Money from the reserve bank will now be allocated to the ‘Basic Bank’ thereby reducing the aim, rather than allowing the aim and therefore the required stakes to reach astronomical levels. Remember that the money given by the ‘Reserve Bank' to the "Basic Bank' is out of increased winnings, which has been saved for that rainy day.
Identifying a Danger Signal!
So, how do we know at what point money from the Reserve Bank should be allocated to the Basic Bank? After all, we do not know how long the losing run will go on. It might be less than the 12 in my example or it might be more.
Therefore, we have to look for a Danger Signal, a point at which to provide ‘insurance' against the losing run continuing further. In the example, the ‘danger signal’ occurs when the next aim reaches at least one third (33%) of the amount in the reserve bank. (This will still leave approximately two thirds of the reserve bank intact should another long losing run occur fairly quickly).
However, the percentage can be adjusted in the software.
Recovery:
If the reserve bank should drop below 25% of the basic bank, your reserve bank will receive 2/3 of the winnings, and your basic bank will receive the remaining 1/3. This will continue until the reserve bank is above the 25% threshold again. As for the simulator, the run will stop whenever the basic or the reserve bank should drop below 0, whichever comes first.
Also, if you consider that your selection method is better than this set of results, I have based my
example on whether you may feel confident enough to increase your aim - say to 4 points - placing 2 points in the Basic Bank and 2 points in the Reserve Bank. But that is up to you.
Another point to bear in mind - What would have been the situation if the losing run had not
occurred and the ‘danger signal’ had not shown up in my example.
You would have won approximately 150 points compared to the 50 points won using the 'basic retrieve staking plan'.
Reserve Bank Revisited:
I once met an old guy who had been playing the slots and tables in Las Vegas for years. Here is my simple but effective money management plan he explained; I walk into the casino, with all the money that I allow myself to lose placed in my right pocket. I can only take money from this pocket. Winnings go into my left pocket. When the right pocket is empty, I head home…
In Summary:
I mentioned earlier that the rules of the ‘X Factor Staking' could be applied to many other staking plans. The principle is the same - increase your stake (to play up the winners) but allocate some of the increased winnings to a reserve bank.
For instance, if you are using the l-2-2-3-3 etc. sequence this will now become 3-6-6-9-9 etc.
Again, remember to establish the ‘Danger point’. You could do a 'paper’ exercise to establish where the ‘Danger point’ would occur on whichever plan you are using, or you could use the simulator.
The Software Interface: Real Entry. (This is not a excel spreadsheet no excel needed.)
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