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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fours
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2012-Feb-08, 04:11 PM
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Better!
Hope you too the quinella and tri
Fours
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whispering
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2012-Feb-08, 04:57 PM
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DD nice quinella!
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ratsack
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2012-Feb-08, 08:03 PM
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looks good go DD
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dubbledee
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2012-Feb-08, 08:07 PM
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BR1 #2 CHIMNEY ROCK $30 @ $4.70 (PAY 3, SUBJECT)
With two scratchings what are we looking at here?
We got paid $132. |
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dubbledee
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2012-Feb-08, 08:08 PM
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Ouch Paid $7.30 NSWTOTE.
Matt, which part of "PAY 3" do you not understand?
Unlike others on here, my bookies make me bet before I know the result.  |
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Authorized
Steward
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2012-Feb-08, 08:12 PM
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Whilst we are at it, Can you change the date on the 7th bets date on the returns, My holiday finishes on the 19th.
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dubbledee
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2012-Feb-08, 08:14 PM
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I have not doubt ASIC will check the results and pick up the error.
They're monitoring this thread very closely, I gather.
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JWesleyHarding
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2012-Feb-08, 08:17 PM
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Just to explain my query, the "PAY 3" within the brackets led me to think that maybe "PAY 3" might have been subjected to "SUBJECT".
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dubbledee
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2012-Feb-08, 08:19 PM
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arakaan
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2012-Feb-08, 08:28 PM
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very nice day indeed.
What happened to the last race?
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dubbledee
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2012-Feb-08, 08:31 PM
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Last race abandoned due to flood, arakaan.
Spudda, typo corrected.
Yes we had a bit of luck, but were stiff with STEALING KISSES.
And if ever I back EMPLUS again I'll start subscribing to fictional times. 
We WILL have worse daze.
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ratsack
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2012-Feb-08, 08:53 PM
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we should add this  (courtesy MONO i can never paste properly?) I like this one in the 4th at Doomben tomorrow on breeding alone. VACALLO Thorn Park - Miss Sandman Miss Sandman was a favourite of mine and I know Thorn Park had a huge following on this forum. plus the genius of DD = quaddie (1k nsw tab) The last being washed out a blessing  anyhow top work gents  |
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« Last Edit: 2012-Feb-08, 08:55 PM by ratsack »
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dubbledee
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2012-Feb-08, 09:20 PM
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Yes, but what mono shoulda added is that MISS S is the dam of SHOW A HEART (by Brave Warrior). 
VACALLO is a full brother to GONDOLA GIRL who ran in the race following.
I went very close to backing V in the Challenge. I'd backed him on debut, but was worried today's trip might be too short.
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Spudda028
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2012-Feb-08, 09:34 PM
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Thanks mate didn't want it turning into another great apostrophe debacle......
PS well done today!
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