Trading Horse racing : Why Stake at 2^x?

The sport of kings.

User avatar
Euler
Posts: 18049
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ
Contact:

Thu Aug 29, 2019 9:23 am

Ultimately, the most important thing with the stake is to have it at multiples. So you can scale your stake in and out of the market and control your exposure easily and quickly.

Derek27
Posts: 5557
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Thu Aug 29, 2019 12:44 pm

firlandsfarm wrote:
Thu Aug 29, 2019 7:28 am
Derek27 wrote:
Mon Aug 26, 2019 10:27 pm
I chose £8 because 8 and 128 are round (binary) numbers whereas 10 and 160 are not. Don't forget that you're never limited to your stake selection box and can always manually change them so it's just a question of what you use most.
But what is the relevance of round binary numbers ... you can't bet stakes of 1000 or 10000000. In the absence of any substantial explanation I'm thinking the reason is simply one of personal choice and not one adding any value. Maybe when staking at levels of £1000 (maybe that should be £1024 :) ) you can spot certain stakes but if the stake is around £100 it will just get lost in the trading wash of popular markets.
Powers of 2 appear round to me even in decimal. I know off the top of my head that 2^24=16,777,216 because that was the size of my Windows 98 swap file that I kept seeing in DOS directory listings. But I wasn't talking from the point of view of hiding your stakes, my orders aren't big enough to worry about.

Derek27
Posts: 5557
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Thu Aug 29, 2019 12:45 pm

firlandsfarm wrote:
Thu Aug 29, 2019 8:02 am
I only studied Pure Maths to A level...
That sounds far enough to me. ;)

firlandsfarm
Posts: 538
Joined: Sat May 03, 2014 8:20 am

Thu Aug 29, 2019 3:15 pm

Derek27 wrote:
Thu Aug 29, 2019 12:44 pm
Powers of 2 appear round to me even in decimal. I know off the top of my head that 2^24=16,777,216
They just appear even to me :D and 2^64 is more grains of rice than the harvest of the kingdom (if you know that story ;) )

User avatar
ShaunWhite
Posts: 4785
Joined: Sat Sep 03, 2016 3:42 am

Thu Aug 29, 2019 4:53 pm

firlandsfarm wrote:
Thu Aug 29, 2019 8:02 am
I only studied Pure Maths to A level...
me too... I got an Ungraded :? And in Applied Maths I got an "O" - O-level equivalent.
I didn't even know they went that low!

Thankfully that horror show was 40yrs ago :)

firlandsfarm
Posts: 538
Joined: Sat May 03, 2014 8:20 am

Thu Aug 29, 2019 5:09 pm

firlandsfarm wrote:
Thu Aug 29, 2019 8:02 am
I only studied Pure Maths to A level ...
Probability was limited to whether a question referred to mutually exclusive events or not (multiply their individual probabilities as in an accumulator or add them as in the runners in a race) and prime numbers was limited to their definition. I wasn't until I read Bill Gates's book The Road Ahead that I got my first inkling that there might be more to prime numbers than just a peculiarity! :)
Last edited by firlandsfarm on Fri Aug 30, 2019 3:14 pm, edited 1 time in total.

Derek27
Posts: 5557
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Thu Aug 29, 2019 6:38 pm

ShaunWhite wrote:
Thu Aug 29, 2019 4:53 pm
firlandsfarm wrote:
Thu Aug 29, 2019 8:02 am
I only studied Pure Maths to A level...
me too... I got an Ungraded :? And in Applied Maths I got an "O" - O-level equivalent.
I didn't even know they went that low!

Thankfully that horror show was 40yrs ago :)
Maths can be immensely helpful to a trader. The problem is most people of our age will have forgotten most of it by now!

Xeres
Posts: 29
Joined: Mon Jun 03, 2019 2:56 pm

Tue Oct 01, 2019 11:42 pm

As I child I was always fascinated by 2^x, even before I knew what a power was, I would just try and work out the largest one in my head so maybe thats why my stakes are set up that way.

I did have 5, 10, 20 but I wanted 50 and 100, problem then is but scaling your bets doesn't quite work.

Post Reply

Return to “Trading Horse racing”

  • Information