dubbledee
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 Original Post 2011-Jul-04, 10:13 AM
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Have run 9 challenges to date, and 7 have been successful, i.e. we ended up with more than we started with.
Based on carryover balance from last series, Share Value is $58.
Staking plan will be similar to previous Challenges. There will be a series of 10 bets with a base unit of $5.80 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 $5.80. 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 $58. 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.
We now have 25 shareholders and $3 in kitty. Starting Bank = $1450
Bet #1 $145 - 06.07.11 RETURN = $112 BANK = $1417 [SAFE = $3]
Bet #2 $158 - 09.07.11 RETURN = $111 BANK = $1370 [SAFE = $3]
Bet #3 $172 - 13.07.11 RETURN = $234 BANK = $1432 [SAFE = $3]
Bet #4 $206 - 16.07.11 RETURN = $146 BANK = $1372 [SAFE = $3]
Bet #5 $231 - 23.07.11 RETURN = $73 BANK = $1214 [SAFE = $3]
Bet #6 $245 - 27.07.11 RETURN = $459 BANK = $1183 [SAFE = $248]
Bet #7 $297 - 30.07.11 RETURN = $442 BANK = $1031 [SAFE = $545]
Bet #8 $345 - 03.08.11 RETURN = $203 BANK = $686 [SAFE = $748]
Bet #9 $344 - 06.08.11 RETURN = $491 BANK = $489 [SAFE = $1092]
Bet #10 $489 - 13.08.11 RETURN = $468 BANK = $0 [SAFE = $1560]
FINAL SHARE VALUE = $62.40, OR A PROFIT OF 7.5% 
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« Last Edit: 2011-Aug-13, 08:22 PM by dubbledee »
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el zoro
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2011-Jul-04, 02:52 PM
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Well done dd.  Once again some saluted at good odds. 
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dubbledee
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2011-Jul-04, 05:41 PM
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Oh, not so well done, Zoro.  I guess I should be satisfied with 8% POT, but I'm not.
We sure snared some nice odds, but more often than not, it came to nought. Still, it's not a bad problem to have.
I'm pleased it's giving a group of us a bit of fun at least.
per ardua ad astra
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Wenona
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2011-Jul-04, 07:41 PM
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I haven't had much time to concentrate on the horses for a while so I'll take two shares please.
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dubbledee
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2011-Jul-04, 07:46 PM
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Oh right. So now ya want me to concentrate. 
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chuggers
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2011-Jul-04, 08:04 PM
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Two shares please DD. In this stage of average class horses in Brissie--I'm not game to bet--but I notice--you do well--so--I hope it will continue.  |
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Little Hawk
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2011-Jul-04, 09:55 PM
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Looking forward to going around again DD  |
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chuggers
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2011-Jul-04, 10:02 PM
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Looking forward to going around again DD Ahh--so your the "out of towner"  DD, Little Hawk is not that little--think mighty Mal--  |
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dubbledee
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2011-Jul-05, 07:56 AM
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LH, that's fine. 
chuggers, note your info re LH. Welcome aboard. 
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Racehorses
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2011-Jul-05, 11:18 AM
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Goooood Luck to us 
DD, I have a feeeeeeeeeling this could be ya best ever  
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dubbledee
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2011-Jul-05, 02:16 PM
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Yeah, well. I hope that feeling is justifed, RH.
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triple7
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2011-Jul-05, 02:35 PM
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Is it true that you will be updating your culling methods for the July series? Oh, and is that the culling of members or selections? |
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dubbledee
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2011-Jul-05, 02:47 PM
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777, you know I can work with ANYONE.
I'll be doing my best to cull the losers. But gee it's tough before the race. 
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triple7
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2011-Jul-05, 03:23 PM
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calgary
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2011-Jul-05, 03:33 PM
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What about standing out selections for 4th in First 4s? |
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