He's talking about a 50% chance of getting placed. He also says don't bet at less than 1.3 because it's "not a good investment". 1.3 is however.wearthefoxhat wrote: ↑Wed Aug 28, 2019 1:06 pmIn the place market you would have 3 chances to place. 1/3 = 1.33....or am I missing something.
It had its own dedicated thread on here which Pete Butler tried to get removed - for obvious reasonswearthefoxhat wrote: ↑Wed Aug 28, 2019 12:21 pmMore recently (if it's the same Peter) he does the same, but focusses on a laying the first horse to reach 2.0 or lower. If it goes on to win the race, then chase with the next race...etc... until you have a loser (win for you). This is essentially a martingale staking plan..we all know how that could end. Admittedly, it's a low liability method, so the losing run can be sustained for a little longer.Euler wrote: ↑Wed Aug 28, 2019 10:40 amI've renamed the thread in honour of it's new role.
One system I became quickly aware of was 'Peters £50 a day system'
I became aware of it because people kept giving me flack over 'my' system. Of course I had nothing to do with it but the name sort of implied I did. I complained to them and they added the word 'Butler' to the Peter bit. But I still get the odd message about it.
It is basically, lay the field and chase your losses.
The aim is to make £50 a day from a £500 bank... There is an alternative staking plan, that reduces the stake after some losses (for you).
Yes, I have a .pdf somewhere too.
We could call it the reverse DOB bust or double the stakes!!!Dallas wrote: ↑Wed Aug 28, 2019 1:46 pmIt had its own dedicated thread on here which Pete Butler tried to get removed - for obvious reasonswearthefoxhat wrote: ↑Wed Aug 28, 2019 12:21 pmMore recently (if it's the same Peter) he does the same, but focusses on a laying the first horse to reach 2.0 or lower. If it goes on to win the race, then chase with the next race...etc... until you have a loser (win for you). This is essentially a martingale staking plan..we all know how that could end. Admittedly, it's a low liability method, so the losing run can be sustained for a little longer.Euler wrote: ↑Wed Aug 28, 2019 10:40 amI've renamed the thread in honour of it's new role.
One system I became quickly aware of was 'Peters £50 a day system'
I became aware of it because people kept giving me flack over 'my' system. Of course I had nothing to do with it but the name sort of implied I did. I complained to them and they added the word 'Butler' to the Peter bit. But I still get the odd message about it.
It is basically, lay the field and chase your losses.
The aim is to make £50 a day from a £500 bank... There is an alternative staking plan, that reduces the stake after some losses (for you).
Yes, I have a .pdf somewhere too.
viewtopic.php?t=10723
Thanks, interesting reading a 4 year old thread. I noticed in theB.A. automation section, a few people had asked for ways of laying/backing the first horse to reach 2.0, now I can see why. Hope they didn't get burned.Dallas wrote: ↑Wed Aug 28, 2019 1:46 pmIt had its own dedicated thread on here which Pete Butler tried to get removed - for obvious reasonswearthefoxhat wrote: ↑Wed Aug 28, 2019 12:21 pmMore recently (if it's the same Peter) he does the same, but focusses on a laying the first horse to reach 2.0 or lower. If it goes on to win the race, then chase with the next race...etc... until you have a loser (win for you). This is essentially a martingale staking plan..we all know how that could end. Admittedly, it's a low liability method, so the losing run can be sustained for a little longer.Euler wrote: ↑Wed Aug 28, 2019 10:40 amI've renamed the thread in honour of it's new role.
One system I became quickly aware of was 'Peters £50 a day system'
I became aware of it because people kept giving me flack over 'my' system. Of course I had nothing to do with it but the name sort of implied I did. I complained to them and they added the word 'Butler' to the Peter bit. But I still get the odd message about it.
It is basically, lay the field and chase your losses.
The aim is to make £50 a day from a £500 bank... There is an alternative staking plan, that reduces the stake after some losses (for you).
Yes, I have a .pdf somewhere too.
viewtopic.php?t=10723
Personally, I don't understand the economics of selling a working system. 1 sale, & that buyer knows everything.... the educator has now lost all their value
You can sell a system (aka trading plan) that's supposed to be supported by discretion, but selling a 'discretionary strategy' on its own is essentially just selling freedom of choice. Systematic trading and discretionary trading are two different things imo although they can (should?) be used together. You might open according to a plan but managing your position is a response to that particular market not a blanket set of rules. Or I could be wrong about that but the dictionary definition of 'Discretion' is the freedom to make choices.
