dubbledee
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 Original Post 2009-Nov-04, 02:56 PM
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I ran a competition on the Melbourne Cup. The winner was LITTLE HAWK. The prize is a $100 share in a series of 10 place bets I'll be making on SEQld races.
The staking plan is in keeping with something I proposed on an earlier thread. It has no basis in logic, but is designed to "amplify" our winnings, provided we can maintain a high strike rate over the 10-bet series (the base unit per share is $10).
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 $10. Say bet #2 gives a return of $24, we add $3 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 the lot.
Hopefully we'll end up with a bank more than $100. But there's a risk that we will lose a bit, or lose the LOT. 
I'll post the bets on this thread, and endeavour to keep a running sheet here.
Bet #1 $10 - 07.11.09 BR6 #4 ANOTHER TAKEOVER 2nd $18.13 BANK = $108.13
Bet #2 $12 - 11.11.09 BR6 #2 OUR MOSCATO u/p BANK = $96.13
Bet #3 $12 - 14.11.09 BR6 #5 OUR LUKAS 1st $25.80 BANK = $109.93
Bet #4 $16 - 18.11.09 BR2 #1 BULLION BAY 3rd $23.20 BANK = $117.13
Bet #5 $20 - 21.11.09 BR2 #7 REFLECTION OF JADE 1st $38.00 BANK = $135.13
Bet #6 $28 - 25.11.09 BR1 #7 FLY WITH ME 3rd $50.20 BANK = $128.00 SAFE = $29.33
Bet #7 $34 - 28.11.09 BR8 #2 SECRETS UNTOLD 1st $66.30 BANK = $126.00 SAFE = $63.63
Bet #8 $44 - 05.12.09 BR6 #4 EMMA'S HEART U/P BANK = $82 SAFE = $63.63
Bet #9 $42 - 09.12.09 BR7 #3 ELUSIVE PORT 1st $75.60 BANK = $73 SAFE = $106.23
Bet #10 $73 - 16.12.09 BR5 #7 SPANISH FLING 1st $131.40 BANK = $0 SAFE = $237.63 
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« Last Edit: 2009-Dec-16, 06:50 PM by dubbledee »
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chuggers
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2009-Nov-04, 09:20 PM
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Agressive & foolish - sounds right up chuggers alley  Cal, A little less on the foolish---but I agree on the former   |
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dubbledee
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2009-Nov-04, 09:22 PM
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Max
Luck will certainly play a part in a series of just 10 bets. Hopefully it will be on my side. 
chuggers
OK, but I don't want more than 10 shares. If RH and yourself come in, that's 7 gone.
And let me emphasise that there's a distinct likelihood of losing the lot.
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chuggers
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2009-Nov-04, 09:34 PM
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Max
Luck will certainly play a part in a series of just 10 bets. Hopefully it will be on my side.
chuggers
OK, but I don't want more than 10 shares. If RH and yourself come in, that's 7 gone.
And let me emphasise that there's a distinct likelihood of losing the lot. Thats OK---just joking has done the same in the past---PM me on how you want to be paid---and I'm sure--i will enjoy the ride---So it will be 10 shares of $100 ??? I'm OK with that. |
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dubbledee
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2009-Nov-04, 09:48 PM
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Yeah, chuggers. $100 will give us 10 bets of base unit of $10. Hopefully some wins can increase that.
Will PM you with my details.
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Racehorses
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2009-Nov-04, 10:30 PM
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Yaaaaaaaaaay thanks DD money is in   I'm sure its going to be as much fun as in the past ...... great for me no stressing with form, don't have to worry about getting the bet on, yep will be ok with not seeing some of the races, I always record and watch replays so alllllllllllll goooooood.
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dubbledee
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2009-Nov-06, 05:00 PM
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We're having Bet #1 tomorra, guys.
BR Race 6 #4 ANOTHER TAKEOVER at 2.12 fixed.
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chuggers
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2009-Nov-06, 06:55 PM
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chuggers
And let me emphasise that there's a distinct likelihood of losing the lot.
DD. Yep, thats Ok--and if it happens--as Clint Eastwood has said "just do me slowly".. |
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gratlog
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2009-Nov-06, 07:01 PM
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OK, I'm not the brightest as you know , but are you selling shares for $10 each?
If so I'll have one .
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dubbledee
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2009-Nov-07, 06:49 AM
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Have PMed you, mate.
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Authorized
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2009-Nov-07, 04:05 PM
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We're having Bet #1 tomorra, guys.
BR Race 6 #4 ANOTHER TAKEOVER at 2.12 fixed.
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Max Manewer
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2009-Nov-07, 04:07 PM
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Got good odds.  |
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gratlog
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2009-Nov-07, 04:09 PM
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Well done on both counts. Getting the result and the price.
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triple7
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2009-Nov-07, 04:10 PM
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Geez I wish it won.
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Max Manewer
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2009-Nov-07, 04:14 PM
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I don't !  |
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dubbledee
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2009-Nov-07, 07:29 PM
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Thanks for the comments, guys, but hold the praise on the odds.
We copped a 14c/$1 deduction due to the scratching of Blackwoods Choice. 
Each $10 unit returned $18.13.
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