I've just put both my present systems on the same thread for convenience. The win/place stake totals 10. The lay stake is to win 10. My liability on the lay would rarely go beyond 40 so my likely maximum outlay per race would be 50 but usually less.
If my maximum outlay per race is 50 I'll equate that to 5% of my bank therefore a bank of 1000 is required. I'll raise stakes when appropriate (or dump the system if poor). Selection followed by odds and the stake in brackets.
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