dubbledee
Editor
Group 1 user 285
 Offline
Posts : 23874
|
|
|
 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.
|
