dubbledee
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 Original Post 2011-Nov-06, 07:59 PM
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We have last Challenge players continuing, PP gets a freebie, and a few new players.
Share value is $50. Total shares is 44, giving us a STARTING BANK of $2200 to play with. I feel like a kid in a candy shop. 
(Shareholders should not be concerned for the safety of their "investment" should I drop off my perch. Your monies are secured.)
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. Base stake per day is $220.
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.
Start day is tomorrow.
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 $220 - 12.11.11 RETURN $190 BANK = $2170 [SHARE VALUE = $49.30]
Bet #2 $242 - 16.11.11 RETURN $165 BANK = $2093 [SHARE VALUE = $47.50]
Bet #3 $262 - 19.11.11 RETURN $294 BANK = $2125 [SHARE VALUE = $48.30]
Bet #4 $304 - 26.11.11 RETURN $195 BANK = $2016 [SHARE VALUE = $45.80]
Bet #5 $337 - 30.11.11 RETURN $480 BANK = $2159 [SHARE VALUE = $49.00]
Bet #6 $433 - 03.12.11 RETURN $502 BANK = $1795 [SAFE = $433] [SHARE VALUE = $50.60]
Bet #7 $451 - 10.12.11 RETURN $451 BANK = $1344 [SAFE = $884] [SHARE VALUE = $50.60]
Bet #8 $448 - 14.12.11 RETURN $340 BANK = $896 [SAFE = $1224] [SHARE VALUE = $48.20]
Bet #9 $448 - 17.12.11 RETURN $783 BANK = $783 [SAFE = $1672] [SHARE VALUE = $55.80]
Bet #10 $783 - 24.12.11 RETURN $982 BANK = $0 [SAFE = $2654] [SHARE VALUE = $60.30]
We outlayed a total of $3928 for a return of $4382 which is a profit-on-turnover of 11.5%.
Share value increased by 20% over 6 weeks, which is equivalent to an annualised profit of 430% 
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« Last Edit: 2011-Dec-25, 07:00 PM by dubbledee »
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dubbledee
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2011-Nov-12, 09:12 AM
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OK, first round today. Plenty to watch, that's for sure. 
BR1 #1 SEEK AND FIND $40 @ $1.50 (pay 2) 1st $60
BR3 #8 LUCKY SONGS $20 @ $3.70 (SUBJECT) 5th
BR3 #12 ROSAGAZE $35 @ $1.75 (SUBJECT) 1st $56
BR4 #2 LOVES A CHALLENGE $30 @ $2.45 (SUBJECT) 2nd $74
BR4 #8 CASTLEMAGNE KING $20 @ $4.60 (SUBJECT) 5th
BR6 #6 DIVERGENT $10 @ $5.75 last
BR6 #12 FLYING TOUCHDOWN $5 @ $12.00 13th
BR7 #5 CELTIC DANCER $20 @ $2.25 4th
BR8 #3 SHOW ME AN ACE $30 @ $2.50 13th
BR8 #11 SHUTUPANDSHUFFLE $5 @ $10.00 9th
BR8 #13 DAMAGE AND BLUE $5 @ $13.00 last
Good luck to us.
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« Last Edit: 2011-Nov-12, 07:35 PM by dubbledee »
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dubbledee
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2011-Nov-12, 07:38 PM
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Well hardly a day to break open the bubbly.  Some not-to-be-remembered performances there.
We'll have better daze.
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Racehorses
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2011-Nov-12, 08:07 PM
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yep we will, it was better than nothing 
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Authorized
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2011-Nov-12, 10:19 PM
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Thats the worst day you have had since PP7 joined in.
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dubbledee
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2011-Nov-13, 08:44 AM
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Actually, I'm more than happy to blame PP for that, Matt. 
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dubbledee
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2011-Nov-16, 08:10 AM
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Shareholders,
Planning to launch an assault today. 
Will be late morning before I can post our bets. Have to go cash in some Coke bottles. 
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mugpunter
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2011-Nov-16, 08:21 AM
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Wot ever ya have to do DD! Fire up!
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Racehorses
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2011-Nov-16, 10:44 AM
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Good Luck DD  
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dubbledee
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2011-Nov-16, 12:05 PM
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Thanks for the encouragement, guys. Apologies for the late posting. Most shops here sell cans, rather than bottles.
Let's see if these can give us a return:
BR1 #3 ONAROHL $30 @ $1.90 5th
BR2 #7 BAGGS IT $10 @ $8.50 last
BR4 #3 FLYBEFREE $20 @ $2.80 6th
BR4 #7 EUREKA JACK $30 @ $2.60 4th
BR4 #9 SON OF BENNY $10 @ $8.50 8th
BR5 #1 MY QUILTER $22 @ $1.65 2nd $36
BR5 #3 FELON $20 @ $5.50 (SUBJECT) 7th
BR6 #3 FINN CLASS $20 @ $5.00 4th
BR6 #6 HEARTS AND DIAMONDS $30 @ $2.35 1st $64
BR7 #2 BY CHOICE $30 @ $2.40 (SUBJECT) 3rd $65
BR7 #10 ISSUES $20 @ $2.90 5th
Good luck to us.
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« Last Edit: 2011-Nov-16, 08:02 PM by dubbledee »
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dubbledee
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2011-Nov-16, 07:54 PM
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Yes, RH. I couldn't believe the price. But I was never gonna back it the place. It came out rated at $4.35 the WIN, so no point backing it the drum. 
A couple of 4ths, and close 5ths today at Doomben. It happens.
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ratsack
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2011-Nov-16, 08:04 PM
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sorry DD but some of us work could we have the $ result? (from Doom) |
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dubbledee
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2011-Nov-16, 08:09 PM
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Well, a long day at the office today.
No luck with a couple. Eureka Jack was very starchy, and Finn Class could easily have lobbed. A couple of shockers from others, I might add. 
I was remiss in not indicating that the H&D bet was SUBJECT:15/Nov/11 11:37 PM SB 714547 BR06 F&M CLASS 3 HANDICAP - HEARTS'N'DIAMONDS Win$0@$0.00=$0.00 Plc$30@$2.25=$67.50 30.00 Won 64.12 Oh, and in my rush to put the bets up before the races I misread my sheet on the price.
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« Last Edit: 2011-Nov-16, 08:11 PM by dubbledee »
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dubbledee
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2011-Nov-16, 08:10 PM
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All there, rat.
Off to work and pay some taxes so us oldies will get looked after in our nursing homes.
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ratsack
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2011-Nov-16, 08:25 PM
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sorry off work tomorrow for tests not so young myself i guess was looking for the result from pin the tail on the donkey  surely thats the only way you could get that one  |
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