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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OldLarsy
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2009-Nov-04, 03:09 PM
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good luck, men  |
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Authorized
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2009-Nov-04, 03:16 PM
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good luck, men  Yes I concur. Good luck |
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Max Manewer
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2009-Nov-04, 03:21 PM
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Luck ? I'm sure DD believes in judgement ahead of that Lady !
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Max Manewer
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2009-Nov-04, 03:47 PM
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Reckon I'll "stalk" DD from a discreet distance and back his place selections straight out.  |
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OldLarsy
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2009-Nov-04, 03:48 PM
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Reckon I'll "stalk" DD from a discreet distance and back his place selections straight out. I've tried that, he has a knack of making them run 2nd or 3rd, maybe you'll have better luck, just check i'm not on the same ones  |
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Max Manewer
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2009-Nov-04, 04:13 PM
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Nah, man of many talents you may be, but "teleretardance" surely is beyond you. |
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Racehorses
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2009-Nov-04, 08:12 PM
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 DD I have just had a good idea why dont you let some of us add to your $100, then we could be involved you would still make ALL the bets, remember like we did on old forum with your Kwaddie Club? we had a lot of fun with that......just a thought  I will be in if you decide yes 
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Wenona
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2009-Nov-04, 08:18 PM
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OL - you've got the $24 trifecta this weekend. |
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Little Hawk
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2009-Nov-04, 08:45 PM
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Thanks again DD, I appreciate the generosity and have no doubt you'll come through Cheers LH |
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chuggers
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2009-Nov-04, 08:53 PM
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Thanks again DD, I appreciate the generosity and have no doubt you'll come through Cheers LH I think he will---but it will be slow and drawn out---but thats all good.  |
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dubbledee
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2009-Nov-04, 08:53 PM
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No worries, LH. I wouldn't go calling the travel agent just yet. 
RH
If ya wanna come in ya can. I have 4 shares. $100 and ya in.
Word of warning: I might bet during the week at times, so you may not see all the races. 
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dubbledee
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2009-Nov-04, 09:01 PM
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chuggers, I am not as confident as you seem to be.
The staking arrangement is aggressive, and in some ways, downright foolish.
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chuggers
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2009-Nov-04, 09:11 PM
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calgary
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2009-Nov-04, 09:18 PM
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chuggers, I am not as confident as you seem to be.
The staking arrangement is aggressive, and in some ways, downright foolish. Agressive & foolish - sounds right up chuggers alley |
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