The August 2011 PLACE CHALLENGE - #1 Horse Racing Forum in Australia for Race-Horse News

dubbledee

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Original Post 2011-Aug-14, 07:02 PM

The July Challenge has finished with a small profit. I think that makes it 8 out of 10 rounds that have been winners for us.

Due to overwhelming response, we're starting off another one.

Share value is $50. We have 34 shares taken, STARTING BANK = $1700. Stake per day is $170.

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 $170 - 06.07.11 RETURN = $256 BANK = $1786 SHARE VALUE = $52.50
Bet #2 $199 - 20.08.11 RETURN = $196 BANK = $1783 SHARE VALUE = $52.50
Bet #3 $224 - 27.08.11 RETURN = $109 BANK = $1668 SHARE VALUE = $49
Bet #4 $240 - 03.09.11 RETURN = $291 BANK = $1719 SHARE VALUE = $50.50
Bet #5 $289 - 17.09.11 RETURN = $258 BANK = $1688 SHARE VALUE = $49.60
Bet #6 $340 - 24.09.11 RETURN = $291 BANK = $1348 SHARE VALUE = $48.20 [SAFE = $291]
Bet #7 $339 - 01.10.11 RETURN = $287 BANK = $1009 SHARE VALUE = $46.70 [SAFE = $578]
Bet #8 $337 - 12.10.11 RETURN = $476 BANK = $811 SHARE VALUE = $50.70 [SAFE = $915]
Bet #9 $406 - 22.10.11 RETURN = $242 BANK = $405 SHARE VALUE = $45.90 [SAFE = $1157]
Bet #10 $405 - 05.11.11 RETURN = $537 BANK = $0 SHARE VALUE = $49.80 [SAFE = $1694]

OK, we closed off today. The bottom line is that we paid 20c per share for all that fun. bop

We outlayed $2949 for a return of $2943. shy

Didn't have a lot of luck, with wet weather and/or the prospect of wet weather doing some damage.

Will be in touch to arrange payment, or get advice on next move.

Hope there was a bit of interest for all players.


« Last Edit: 2011-Nov-05, 08:23 PM by dubbledee »	Logged

dubbledee

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2011-Oct-22, 09:28 AM

OK, guys. Have made a couple of bad calls recent meetings. Let's hope there're some returns from these. I won't mention the F word.

BR1 #8 PENNY LOUISE $25 @ $5.00 6th
BR1 #9 SMUGGLER'S INN $15 @ $6.00 5th

BR3 #3 CHILLED $30 @ $2.25
BR3 #4 EUREKA #40 @ $2.35 9th

BR4 #8 MERRYANNA $30 @ $5.00 (SUBJECT) 2nd $136

BR5 #4 HAIZUM $40 @ $2.80 10th
BR5 #10 SEEK AND FIND $40 @ $2.40 1st $96

BR6 #3 GREY ASSIGNMENT $16 @ $6.00 (SUBJECT) 5th
BR6 #7 FROM LONDON $50 @ $2.10 (SUBJECT) 8th

BR7 #2 ANYWAYS $40 @$3.50 7th
BR7 #6 CELTIC DANCER $40 @ $3.20 10th

BR8 #9 SKATING ON ICE $30 @ $2.60 6th
BR8 #18 BRIGADOON JACK $10 @ $5.50 10th

Good luck to us.

beer


« Last Edit: 2011-Oct-22, 08:04 PM by dubbledee »	Logged

Racehorses

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2011-Oct-22, 10:44 AM

I beeeeeeeeeeeeeet you do mention the F word, when you are in male company only, if we get any .ths unsure

(I'm not going to mention that number either!).......it won't happen today DD Undecided

Goooood Luck to us Cocktail


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dubbledee

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2011-Oct-22, 08:09 PM

Only one, RH. sad

Not a day of good fortune. We'll have better daze.

Just got some work to do next week. shy


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dubbledee

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2011-Oct-28, 08:07 PM

No bets for us tomorrow. Won't get the chance to tidy things up after scratchings.

Enjoy the Derby.

beer


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dubbledee

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2011-Oct-31, 12:11 PM

Lovely to see BRIGADOON JACK get in on Saturday, and last week's inglorious failure FROM LONDON in time to knock out my super-dooper place bet on ON FACE VALUE.

mad


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dubbledee

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2011-Oct-31, 08:25 PM

Shareholders, depending on weather, scratchings, and markets being up, I'm planning to close this off tomorrow.

Will post either way, as early as possible.


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dubbledee

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2011-Nov-01, 09:49 AM

Shareholders

No bets today. My main bet is SCR, and there's no market up in R2. I like the blue dog in that.

There'll be other daze - real soon.

Enjoy the Cup.


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dubbledee

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2011-Nov-05, 09:30 AM

OK shareholders. Last throw of the dice today. Let's hope they roll our way.

BR2 #4 EUREKA $50 @ $1.90 2nd $95

BR3 #2 CORNWALL PARK $60 @ $1.52 6th
BR3 #6 MR SLICK $30 @ $4.00 3rd $120

BR4 #3 FIDAKAT $20 @ $10 9th

BR5 #2 MR FAVULOUS $40 @ $2.45 10th
BR5 #4 SARAJI $50 @ $1.80 (SUBJECT) 1st $74

BR7 #5 TAFEER $25 @ $2.95 (SUBJECT) 8th
BR7 #8 SKATING ON ICE $100 @ $1.60 (SUBJECT) 1st $147
BR7 #12 JUST DESTINY $20 @ $5.50 (SUBJECT) 3rd $101

BR9 #13 INTERTHEBLACK $10 @ $12.50 10th

Good luck to us.

beer


« Last Edit: 2011-Nov-05, 08:12 PM by dubbledee »	Logged

dubbledee

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2011-Nov-05, 07:27 PM

We're not broke, guys. sweat

Will update later.


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ratsack

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2011-Nov-05, 08:41 PM

well


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dubbledee

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2011-Nov-05, 08:43 PM

Opening post updated, rat.

Not a lot more I can say, except that if it weren't for censored

deductions we'd be winning. lol


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ratsack

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2011-Nov-05, 09:17 PM

as always well done

just needed z..... w.....


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