Stop and smell the roses - tomorrow for me,
Midweek results below :-
10 Roughy picks
5 Fav picks
15 Win out
51 Win return
10 Exacta out
7.53 Exacta return
75 Fav place out
96 Fav place return
100 total out
154.53 total return
So a 54.53% profit on turnover was made midweek compared to the ~6% loss on Saturday. Unlucky in several respects but a good result shown over all for the 20 bets.
I will call a halt here as I have achieved what I wanted to achieve already and everything is in profit too over all but that's not the reason.
The reason is that I wanted provide a method for people to consider to handle long losing runs with their roughies.
The favourite results achieved here are only around par for a disciplined bettor ie from 10 favourites over all 7 placed returning 10.3 units only. That is not impressive at all.
But they enabled one to bet the roughies to 2.5% of a bank AND a dramatically reduced draw down of funds. At the end of the day there was only 1 roughy winner from 20 picks and a 5% win rate can mean rather long losing runs. The exacta component doubles that strike rate and CAN return massive dividends compared to the outlay ( eg (0.5/6) x $2000.00 is $166.66 but they are rare compared to the smaller divs of course.
Treating the 2 lots of 15 bets ( 10 roughies and 5 favs ) compounded the growth of a notional $100 bank over all is 100 to 94.77 to 146.44 and that is in the space of less than 7 days. What would happen over a year if that could be maintained - hint - get a bigger calculator.
Chances are many punters on roughies lose discipline ( if not their betting banks ) during long losing runs - I provide this as a possible solution to that problem.
It won't help you if you show a loss of course on your selections but may slow it down.
Happy to hear improvements from anyone on this approach AND note that in the long run the win return should exceed the place return. If it does not there is a solution...... simply place bets and cover fourth with a first four bet and forget the win component.
ps totals in top