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-07, 08:31 AM
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Meant to add that Poison Pen has a complimentary share in recognition of his efforts with the TAB Tipping Comps. 
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mugpunter
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2011-Nov-07, 09:22 AM
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I'm in, DD!  Don't stress about my little bit though! Ya couldn't do any worse than I'm doing at the moment!  |
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« Last Edit: 2011-Nov-07, 09:28 AM by mugpunter »
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dubbledee
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2011-Nov-07, 11:12 AM
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OK. You're living up to your name, MP.
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JWesleyHarding
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2011-Nov-07, 11:41 AM
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Note: Past performance is no predictor of future performance.
 Strange statement on a betting thread. Past performance is something I always take into account when I punt. |
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fours
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2011-Nov-07, 11:53 AM
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hmmm,
Is dubbledee Peter Mair.... on the basis of that comment?
Fours
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dubbledee
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2011-Nov-07, 12:00 PM
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Strange statement on a betting thread. Past performance is something I always take into account when I punt. You're confusing with selecting horses to back, and the prospects of investing in this product.
I can add more, if you need additional help, Geoff. |
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JWesleyHarding
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2011-Nov-07, 12:50 PM
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It was wise, in the good old days, when investing in a listed company to take into account its "past performance".
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dubbledee
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2011-Nov-07, 12:52 PM
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I'll edit the statement, Geoff.
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MagiC~*
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2011-Nov-07, 12:55 PM
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The harder you try to take a bone off a dog DD, the harder the dog will fight to keep it  Let Geoff have his bone ....  |
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fours
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2011-Nov-07, 01:01 PM
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Hmmm,
Dubbledee forecasts good performance in the first 3 quarters but often places in the fourth quarter!
Fours
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Racehorses
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2011-Nov-08, 12:45 PM
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DD, I hope ya not waiting for me to decide, this time just goooooooooooooooooo for it 
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dubbledee
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2011-Nov-08, 12:47 PM
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Oh, so you want to be paid out?
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PoisonPen7
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2011-Nov-08, 02:24 PM
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Meant to add that Poison Pen has a complimentary share in recognition of his efforts with the TAB Tipping Comps. Very kind of you DD.  Do I have to do anything  There'd be plenty of 4ths if I had to pick placings  |
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dubbledee
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2011-Nov-08, 06:04 PM
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PP, you need do nothing - just keep running the Tipping Comps.
Oh, ya can cheer on the bets, too. 
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