The MAY 2011 Place Challenge - #1 Horse Racing Forum in Australia for Race-Horse News

dubbledee

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Original Post 2011-May-13, 07:07 PM

Have run 8 challenges to date, and 6 have been successful, i.e. we ended up with more than we started with.

We have some carryover from the last series, and with top-ups, and Geoff's Place Strike Rate Prize from the Punting Comp, we have a STARTING BANK of $850 (17 shares @ $50)

Staking plan will be similar to previous Challenges. There will be a series of 10 bets with a base unit of $5 each/per share.

Bets will be PLACE ONLY and will usually be on a Wednesday or Saturday on Brisbane races. I pick the horses, and reserve to right to back more than one horse.

1. For the first 5 bets (#1 to #5), any return from the bet is distributed evenly among the remaining bets, thus increasing the base stake beyond $5. Say bet #2 gives a return of $16, we add $2 to the stake for each of the remaining 8 bets.

2. For bets #6 to #9, should they be successful we RETAIN THE STAKE, but distribute the PROFITS evenly among the remaining bet/s.

3. Obviously for bet #10 we keep any return.

Hopefully we'll end up with a share value of more than $50. But there's a risk that I will lose a bit, or lose the LOT.

I'll post the bets on this thread, and keep a running sheet.

Bet #1 $85 - 14.05.11 RETURN = $0 BANK = $765
Bet #2 $85 - 21.05.11 RETURN = $144 BANK = $824
Bet #3 $103 - 28.05.11 RETURN = $75 BANK = $796
Bet #4 $114 - 01.06.11 RETURN = $230 BANK = $912
Bet #5 $153 - 04.06.11 RETURN = $158 BANK = $917
Bet #6 $185 - 11.06.11 RETURN = $297 BANK = $844 [SAFE = $185]
Bet #7 $212 - 13.06.11 RETURN = $170 BANK = $632 [SAFE = $355]
Bet #8 $212 - 15.06.11 RETURN = $79 BANK = $420 [SAFE = $434]
Bet #9 $210 - 18.06.11 RETURN = $350 BANK = $350[SAFE = $644]
Bet #10 $350 - 02.07.11 RETURN = $345 BANK = $0 [SAFE = $989]

SHAKEOUT

The share value ended up at $58, giving a return of 16% on the investment.

During the course of the 10 bets we outlayed $1709 for a return of $1848, or a POT of 8%.

Was a rocky road, but we survived the drive.


« Last Edit: 2011-Jul-03, 09:54 AM by dubbledee »	Logged

dubbledee

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2011-May-13, 07:12 PM

OK, guys. We kick off tomorrow.

Will be a busy day for me, so have taken these bets already. Obviously, all are subject to SCRs in the respective races. If any of our bets are SCRs, I'll either make a substitute in the AM, or just take the return.

BR1 #2 HEARTSHAKER $30 @ $2.1 unplaced
BR1 #4 SANTO DE LAGO $20 @ $6 unplaced

BR2 #8 AL'S BEST MATE $10 @ $3.45 4th

BR5 #3 FIREBOLT $20 @ 2.35 unplaced

BR9 #9 PLAY ACTION $5 @ $13 4th

Good luck to us. beer


« Last Edit: 2011-May-14, 10:04 PM by dubbledee »	Logged

Spudda028

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2011-May-13, 07:51 PM

Busy tomorrow? What, it's only you a few thousand of your closest friends heading to the track isn't it?? lol


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dubbledee

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2011-May-13, 08:04 PM

It's our Annual Church Fete, Spudda.

I'm running the Lucky Dip and need to wrap the parcels. mad


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JWesleyHarding

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2011-May-13, 09:07 PM

DD
I take it I'm one of the 17, due to your generosity.

Is that so?

If so, I'd like you to do the following, if it doesn't too complicate things for you.

I take it your primary goal is to declare a dividend of $50.

If you achieve that, I'd like to re-play that into the next Challenge -if there is one- and for you (if you would) donate anything in excess to the Midweek Comp.

In the unlikely event that you don't declare $50 then whatever you declare you donate to the Midweek Comp.

Is that okay?

JWH


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dubbledee

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2011-May-13, 09:10 PM

Geoff, yes you're in this Challenge as a $50 shareholder, as prize from the Tipping Comp.

Happy with other arrangements. But let's not get ahead of ourselves. lol


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JWesleyHarding

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2011-May-13, 09:15 PM

dubbledee writes ... 2011-May-13, 09:10 PM

But let's not get ahead of ourselves. lol

Whaddya mean?

I've covered every eventuality.

The only one I haven't is that you don't get a zac back.

Even I could do that. embarrassed


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dubbledee

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2011-May-13, 09:16 PM

What I meant was, for now all I'm trying to do is survive. lol

Yes, all bases are covered.

And yes, all fine by me.


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dubbledee

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2011-May-14, 09:33 AM

None of our bets is scratched. Might have minor adjustments in the opener.

Win, lose of draw, we've snared some lovely "overs". Sadly, that doesn't make the horses run any faster.

Good luck to us.

beer