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0ver the past few months I've had the pleasure of browsing through some old racing publications. I could remember some of the articles even though they dated back to the early 1970s.
Buried amongst this treasure trove was a most interesting target betting staking plan in a book called Al Illich's How To Pick Winners, which I decided to tinker with, on paper, in order to test the author's concepts.
The original plan was based on backing two to five horses in a race with the objective of winning $2 per race. However, regular PPM readers know I basically believe that the punter should start with 10 cents per race as the objective. There's always the option of increasing objectives when the punter develops confidence in the inevitable bet size increases and if the bank increases. (As it turned out, this was very good advice.)