Well I've been working on the staking plan for this year over the last few days and I'm ready to go with it now.
What I've done is assigned each service a betting bank in terms of points.
I've then applied a weighting to each service to help come up with a stake per point, I have applied a higher weighting to those services which I consider will produce the best results over the rest of this year.
This is highly subjective of course, but the highest rating unsurprisingly has gone to Equine Investments, who have produced outstanding results for a number of years now, not least since last May when I first joined.
I then calculated the bank required in financial terms for each service, and finally applied a leverage factor to work out how much in actual cash I need to have in place for this project.
I've attached my calculations here, which shows that by applying a leverage factor of 2.25 I can operate the portfolio I've set up with a cash betting bank of £40,000.
There are no guarantees of course, but it should be remembered that even during the shocking run at the end of last year, the worst drawdown in cash terms was around £18,000, so given a similar run of results this year then I should be OK.
You'll see that I've got three lines headed "A N Other" - this is to cover additional services or systems that I may add in the next few weeks. I've also assigned £2500 as a bank for personal bets / trades.
Any time I add or drop a service I will re-calculate all the figures and adjust the stakes accordingly.
A couple of things to note -
First I've signed up with Formbet for three months and will get started with them next week.
Second - I will bet the Isiris main account bets win only to level stakes of £150 - this will get round the problem of being unable to place many of the advised each way bets - just got to get the prices now !
As an aside KB has asked me not to name the Isiris account bets on the blog from now on. Don't have an issue with that really, although I'd prefer it the way it was obviously - I will just record the returns under the heading of my personal bets.
Any comments or questions, please let me know.