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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Wenona
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 2010-Mar-14, 10:47 PM
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The Bribie reference is a standard Brisbane joke.
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dubbledee
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 2010-Apr-02, 08:44 AM
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Sorry I haven't finished this off, but waiting till we get a day when the track conditions are known in advance!!
Had I been on deck last week it would have been Teary Eyed.
You seem obsessed with me getting involved with BDs, RH
I was wandering in the desert and came across this one: [ ERROR: SPECIFIED ATTACHMENT MISSING ] [ ERROR: SPECIFIED ATTACHMENT MISSING ]
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dubbledee
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 2010-Apr-10, 08:03 AM
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We better close this off or I'll be owing RH interest on her money. 
Let's try BR 3 #3 MR NAPPY. Hopefully the rails won't be his undoing and Mr Colless can bring him home.
Good luck to us. 
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Wenona
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 2010-Apr-10, 09:07 AM
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Good luck today DD.
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dubbledee
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 2010-Apr-10, 09:52 AM
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Thanks, wenona.
Not the bravest bet in the world, but I thought the 1.56 fixed looked pretty good. (Having let two at 1.90 go on Monday, I'm in the cowards' corner right now. )
We'll know around 2pm.
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Spudda028
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 2010-Apr-10, 02:02 PM
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Congrats DD and RH, nice work all round. RH if we can talk DD into going around again, I will put up a bank also.......
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dubbledee
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 2010-Apr-10, 06:55 PM
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Not a lot of problems with MR NAPPY. Price turned out to be pretty good, too. 
Cheers, Spudda. 
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Wenona
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 2010-Apr-10, 06:59 PM
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Looks like I better block out the B Creek get together afternoon and visit the atm on the way in.  It will be a pleasure to keep you fed and watered for the afternoon.
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« Last Edit: 2010-Apr-10, 07:03 PM by Wenona »
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dubbledee
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 2010-Apr-10, 07:04 PM
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Ahhhh, I'm a cheap drunk, mate. And these days I eat just the one steak.
I just hope you've had a wager all-up the last 3. 
Amazing the fixed odds boys wanted to lay Mr N. Was 2.2. the win in the ring on course when I looked, yet was 1.46 the hole on fixed odds at the jump. 
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Wenona
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 2010-Apr-10, 07:08 PM
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I look forward to getting a few drinks into you then getting the belly dancing demonstration on the bar.
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dubbledee
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 2010-Apr-12, 08:41 AM
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Thanks, RH.
I've locked your ill-gotten gains in a safe, with a time-lock that lasts till Stradbroke Eve. I think it's best ya don't get your hands on it till AFTER the Cocktail Party. 
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dubbledee
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 2010-Apr-12, 08:46 AM
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RH, you made mention of BDs early on.
I'm so grateful I don't partake of strong drink, like these fellows obviously do.
[ ERROR: SPECIFIED ATTACHMENT MISSING ]
[ ERROR: SPECIFIED ATTACHMENT MISSING ]
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dubbledee
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 2010-Apr-12, 02:04 PM
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Catching up on accounting after Saturday:
Bet #1 $10 - 26.01.10 BR4 #3 ANOTHER TAKEOVER 1st $14.00 BANK = $104.00
Bet #2 $12 - 26.01.10 BR5 #4 PURR OF GLORY 1ST $21 BANK = $113.00
Bet #3 $15 - 27.01.10 BR8 #1 RAPID MAGIC 3RD $25.00 BANK = $123.00
Bet #4 $19 - 28.01.10 BR8 #6 HEART TO FEAR 3rd $38.00 BANK = $142.00
Bet #5 $26 - 03.02.10 BR3 #2 IRON RED 3rd $39 BANK = $155
Bet #6 $34 - 06.02.10 BR5 #5 RED SPHERE 1st $54 BANK = $141 [SAFE = $34]
Bet #7 $37 - 10.02.10 BR5 #1 BRULEUR 3rd $54 BANK = $121 [SAFE = $71]
Bet #8 $41 - 20.02.10 BR6 #5 CHAKVETADZE 1st $61 BANK = $100 [SAFE = $112]
Bet #9 $51 - 23.02.10 BR7 #2 RED RAIDERS 2nd $89 BANK = $87 [SAFE = $163]
Bet #10 $87 - 10.04.10 BR3 #3 MR NAPPY 2nd $135 BANK = $0 [SAFE = $298]
It's taken over 2 months, but the initial $100 has been turned into $298 after all 10 bets saluted.
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