dubbledee
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 Original Post 2011-Dec-27, 11:28 AM
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This is the latest in a series Challenges where the aim is to have a series of place bets using a fixed staking strategy and end up WINNING.
There are a neat total of 50 Shares at $60 each. Starting bank is therefore $3,000. (We also have some lose change from the last Challenge. That is in the Safe.)
There will be a series of 10 bets with a base unit of $6 each/per share. Base stake per day is thus $300.
Bets will be PLACE ONLY and will usually be on a Wednesday or Saturday or Public Holidays on SE Qld 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 $6. 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 will be Saturday, provided the weather holds off.
Hopefully we'll end up with a share value of more than $60. 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 $300 31.12.11 RETURN = $120 BANK = $2820 [SHARE VALUE = $56.70] [SAFE = $14]
Bet #2 $314 07.01.12 RETURN = $421 BANK = $2927 [SHARE VALUE = $58.80] [SAFE = $14]
Bet #3 $367 10.01.12 RETURN = $656 BANK = $3216 [SHARE VALUE = $64.60] [SAFE = $14]
Bet #4 $461 14.01.12 RETURN = $220 BANK = $2975 [SHARE VALUE = $59.80] [SAFE = $14]
Bet #5 $497 17.01.12 RETURN = $591 BANK = $3069 [SHARE VALUE = $61.60] [SAFE = $14]
Bet #6 $616 01.02.12 RETURN = $657 BANK = $2494 [SHARE VALUE = $62.50] [SAFE = $630]
Bet #7 $626 04.02.12 RETURN = $443 BANK = $1868 [SHARE VALUE = $58.80] [SAFE = $1073]
Bet #8 $624 08.02.12 RETURN = $950 BANK = $1570 [SHARE VALUE = $65.30] [SAFE = $1697]
Bet #9 $785 11.02.12 RETURN = $879 BANK = $879 [SHARE VALUE = $67.20] [SAFE = $2482]
Bet #10 $879 18.02.12 RETURN = $1209 BANK = $0 [SHARE VALUE = $73.80 [SAFE = $3691]
SHAREHOLDERS RECEIVED A DIVIDEND AMOUNTING TO 23%.
PROFIT ON TURNOVER WAS 12.3%
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« Last Edit: 2012-Feb-19, 10:14 AM by dubbledee »
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Racehorses
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2012-Feb-09, 01:52 PM
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yay oh yay well done DD  
have fun with the next bets
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dubbledee
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2012-Feb-09, 04:51 PM
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You'll pass on some selections, I expect, RH?
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calgary
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2012-Feb-11, 08:54 AM
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Great work on Wednesday mate  |
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dubbledee
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2012-Feb-11, 09:04 AM
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Yeah, well, hope we can replicate it to some degree today, cal. 
DD is struggling, I can tell ya.
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dubbledee
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2012-Feb-11, 09:36 AM
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OK, let's give these a cheer.
If nothing else, we're getting plenty to watch. 
BR2 #5 RATTLE THE TIN $30 @ $3.70 (SUBJECT) 7th
BR2 #8 MARSA $30 @ $3.00 (SUBJECT) 3rd $85
BR3 #2 MULE FORTY SIX $50 @ $5.00 (SUBJECT) 5th
BR3 #4 DAAD'S OVERTIME $50 @ $3.20 (SUBJECT) 4th
BR4 #5 NEWSNIGHT $80 @ $3.25 5th
BR4 #6 SANTO DE LAGO $70 @ $2.85 1st $200
BR5 #2 GENERAL PURPLE $50 @ $2.50 1st $125
BR5 #6 SAM'S TOWN $25 @ $7.15 7th
BR5 #17 SLUGSBROTHERNUGGET $30 @ $6.00 9th
BR6 #3 TIERQUALO $50 @ $2.40 3rd $120
BR6 #4 JOINT CHIEFS $30 @ $3.85 7th
BR6 #6 MONDEAN $50 @ $2.20 last
BR6 #7 ONE LICKETY SPLIT $20 @ $5.00 5th
BR7 #5 CARIAD $60 @ $3.80 2nd $228
BR7 #11 AL FAHER $20 @ $5.50 9th
BR8 #2 KILWINNING OPTION $50 @ $2.5 (SUBJECT) 2nd $121
BR8 #3 BLACK CASH $70 @ $2.30 7th
BR8 #11 CARESSABLE ONE $20 @ $6.75 (SUBJECT) 5th
Good luck to us.
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« Last Edit: 2012-Feb-11, 07:52 PM by dubbledee »
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dubbledee
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2012-Feb-11, 09:45 AM
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Guys, note that the 2 bets in R2 are subject to a small deduction.
I'll be pleased if that's the worst of our problems.
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Racehorses
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2012-Feb-11, 12:31 PM
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Gooood Luck to us
It's a great day to be a lounge lizard cheering for us, cheering for BC
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Authorized
Steward
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2012-Feb-11, 12:58 PM
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I do not want to put the mock on and I have not followed them myself but I have noticed when DD ventures into a 2yo race he does well.
He does well in any race but If we could segregate his 2yo selections I reckon he does even better.
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dubbledee
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2012-Feb-11, 07:57 PM
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Well we came away with a round of drinks.
Could have had a bit better luck, but we'll have worse daze.
Looking forward to the finale next Saturday.
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arakaan
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2012-Feb-11, 09:06 PM
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very well done again DD.  |
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dubbledee
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2012-Feb-12, 01:31 PM
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BR6 #3 SEVENSPANISHANGELS $100 @ $2.15 8th
Thrilled to see this gay-deceiver get beaten a snout in the last at GC yesterday.  |
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dubbledee
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2012-Feb-14, 11:32 AM
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BR7 #6 MISS BRADBURY $100 @ $2.25 (SUBJECT) REFUND $100
BR7 #9 DANE PRINCESS $50 @ $3.70 (SUBJECT) REFUND $50
We didn't get the chance to see this pair go around last week. They're in the last tomorra.
Yes, RH, it will be various things crossed. |
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dubbledee
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2012-Feb-16, 11:36 AM
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I thinnnnnnk I shoulda had a bet yesterday.
Nice run by the grey MISS at good odds, and a few others.
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dubbledee
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2012-Feb-18, 09:55 AM
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OK, Grand Final day outlaying $879 hard-earned cash.
BR1 #2 GENERAL JACKSON $60 @ $1.35 1st $81
BR2 #4 GIBBERER $60 @ $1.90 4th
BR2 #6 MARKED $80 @ $1.68 1st $134
BR3 #3 FANGLES $40 @ $3.40 3rd $136
BR3 #7 GOD'S HAND $30 @ $6.00 5th
BR4 #2 BARASSIE BROTHER $100 @ $2.50 4th
BR4 #5 RUN WITH ME $30 @ $5.00 1st $150
BR4 #7 KAHUI $20 @ $10.40 (SUBJECT) 3rd $208
BR5 #4 MUNDI GULLY $20 @ $6.00 9th
BR5 #6 REQUESTED $40 @ $2.60 6th
BR6 #2 LUCKY LUNA $150 @ $1.63 1st $245
BR6 #6 ROCKDALE $40 @ $3.70 6th
BR7 #6 MODERN AL $30 @ $8.50 3rd $255
BR7 #12 RAPID LEICA DANE $50 @ $1.95 7th
BR8 #1 COME SAID THE BOY $60 @ $4.29 (SUBJECT) 7th
BR8 #10 MAROON BELLS $39 @ $4.5 11th
BR8 #15 RAISE UP $30 @ $4.8 4th
Plenty there to look at.
Good luck to us.
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« Last Edit: 2012-Feb-18, 07:13 PM by dubbledee »
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