Changed some rules again and got to a set that I'm happy to do a money test.
I've decided to start a $1,000 betting bank from today.
11TH December 2010
I'll post the selections, the bet and where it's on in the morning and keep a running total.
If I can't get this mechanical system to turn a profit, I'll give up after forty years of trying. (I started young )
I'll run it until the Stradbroke get together and I'll donate 10% of what ever is left to a small local charity where a small amount might mean something.
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My target is probably something like 15% POT with an average divy of around $8.00. That makes the optimal bet around 2% so I'll start with $20 each pick and see how we travel.
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Result after 5th Feb 2010
Selections : 54
Winners : 3
Flat Stake Return (Exc Comm) : 35.9
Total Outlay : $1035.00
Total Return : $692.43
Profit/Loss : -$342.57
Bank ($1,000) : $657.43
R.O.I. -33%