One of the things I'd been keen to do for SLH staking was to see if switching to level stakes would improve return as my gut feel has been that it would. I've completed a quick analysis of the last few months to see the results - outcome is quite interesting.
Here's the table;
What this tells me is that following level stakes produces a better ROI overall and a better profit figure - certainly seems like you get more bang for your buck.
A couple of words of warning - my current staking doesn't match SLH's recommended staking as I stopped betting above 2 points after my last review as I didn't think there was value in it. Have to say there haven't been many 3 or 4 point bets this year so not sure it makes a big difference. Also remember these are based on my stats and price I get so may be off official figures.
Not sure what I will do but certainly food for thought!
Hope it helps you with your betting!
16 comments:
I joined the SLH Private Service earlier this summer and have made no profit so far and a loss taking into account subscription fees. This week has been boring with one poor losing bet. Steve sounds like a broken record each Sunday when he keeps repeating himself. He frequently claims horses are not strong enough for the account but when he does get involved like the 3 pointer last week, the horse runs like a total donkey. Does he not have inside stable information regarding the wellbeing of the trainer's horses? For the amount of money it costs to subscribe, the phone costs and the alleged hours he spends per week analysing racecards, I expect inside information and at least some profit - July was poor and August has been terrible. Here's hoping for some winners over the weekend!
Agree it's been a bit slow the last few weeks - stick with it - look at the long term profit!
I managed to get 8/1 on today's SLH each-way bet so I made a profit of 1 point (£100) on the bet. I watched the race and although the horse finished well in second it was beaten a long way by the favourite and I couldn't see it winning. Still, 1 point profit is better than nothing. However, I am running a 5-point loss for August to advised stakes. I may take your advice and drop the 3-point bets - the animal advised the other week was hopeless! I increased my bank from 15 points (£1,500) to 20 points (£2,000) on the 1st August but, after the losses this month, my bank is back to 15 points. I really hope SLH turns the corner soon. It would be good if he could get a winning each-way double again before too long - they are excellent bets and really profitable when both horses win their respective races. Fingers crossed for tomorrow and the week ahead - York is coming up and I know Steve likes this meeting - he got the Ebor winner last year, I believe.s SLH each-way bet so I made a profit of 1 point (£100) on the bet. I watched the race and although the horse finished well in second it was beaten a long way by the favourite and I couldn't see it winning. Still, 1 point profit is better than nothing. However, I am running a 5-point loss for August to advised stakes. I may take your advice and drop the 3-point bets - the animal advised the other week was hopeless! I increased my bank from 15 points (£1,500) to 20 points (£2,000) on the 1st August but, after the losses this month, my bank is back to 15 points. I really hope SLH turns the corner soon. It would be good if he could get a winning each-way double again before too long - they are excellent bets and really profitable when both horses win their respective races. Fingers crossed for tomorrow and the week ahead - York is coming up and I know Steve likes this meeting - he got the Ebor winner last year, I believe.
I'd be interested to know how you operate your betting bank - do you have a specific betting bank account from which you transfer funds to your online bookmaker accounts? Do you have a system of withdrawing a certain percentage of winnings back to your bank account after a winning day or do you make monthly adjustments?
The SLH horse was poor today: it couldn't jump, it couldn't run smoothly and it had no turn of foot. 1 point lost and the service is 6 points down for August. I am giving the service until the end of September (when my three-month membership expires). If I do not make at least 10 points profit by then I will pack it in as it is not worth the time or the money.
I have an RBS Platinum Credit Card with a limit of £5,000. I use this as my betting bank. Is this a suitable way to operate? I have no experience on running a betting bank. Any advice?
I have subscribe with 8 horse services.With SLH I subscribe before 40 days,but on this time bad rezults and not know ...will subscribe again with Steve or not?He service have big prize ,but bad rezults...Other my services with price 20-40 euro for 1 month,but have more good rezults.Let see and next month.
Please update your blog more frequently. Which tipsters are you following and what are your staking units?
Steve Lewis Hamilton will no doubt serve up a true donkey at Worcester tomorrow night. I am sick and tired of the service.
Anon (1) - thanks for your comment. Yes hopefully things will turnaround - not just SLH who is performing badly in August - Equine and Systematic both having bad months. Same happened last year across my portfolio.
Anon (2) - thanks for your comment - I will drop some thoughts down on what I do in a post in the next few days - need to pull some info together.
Anon (3) - I would subscribe to SLH over the main NH season and if he doesn't deliver then - then you'd be justified in quitting! Flat is not his specialty.
Anon (4) - Absolutely not the way to go - best to start small and build up your bet bank - never bet with money you can't afford to lose! Will add some thoughts in a post at some point this week.
Elist - good to hear from you again - yes good plan to stick with it and keep going.
Dave - thanks - yeah I know I should - life gets in the way - hopefully the July updates have helped. My staking is low compared to the big hitters as I'm still trying to build my bet bank.
Anon (5) - hopefully not!!
Because you do not regularly update your blog, it is unclear which tipsters you are following - are you still subscribed to Northern Monkey, for instance? It would be good if you could post an update showing exactly who you follow and what your current staking plans are for each tipster. Also, please confirm the subscription costs for each tipster in your betting portfolio. Thank you, Mark.
The SLH bet for Worcester this evening went on the phone at 4.25pm. 5 minutes early. I dislike Steve's behaviour - fair enough, put the message up early if there is no account business but what's the point in putting it on early when there's a bet? The same happened on Saturday with Beacon Lodge. I will have strong words with Steve about this as it is not on.
Just checking - are you a member of the SLH All Weather Service, otherwise known as Rob's Amazing Lays? Rob Lewis Hamilton is Steve's brother and he appears to pick his daily selections with a blindfold around his head while stabbing a blunt pencil into the Racing Post. The service is abysmal.
Mark - have posted something tonight - will add subs in due course. Hope its useful.
Anon (1) - I'm not a big fan of the late messages as I tend to forget to call (although it worked in my favour today) and I do agree that if the time is 4.30 then the message should be put up at 4.30 and not before. Defeats the point of using phone over email as gives some punters a better advantage.
Anon (2)- nope not a member of AW service - I've not heard good things about it so happy to avoid. What are the stats like if you have them?
I have been studying this spreadsheet. Your column of advised points is correct (taking into account your 2-point cap). However, your level-staking column is confusing - how are you calculating your figures for the number of points staked? Are you treating it as 2-point level-stakes for each bet (2-point Win bets or 1-point EW bets)? Normally level-staking is based on a 1-point total stake. Please clarify.
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