1MillionChallengeMan

Start Bank £1,000
Current Bank £1,230.36 (+23%)

Hello again, well following some good successes last week it turned out to be a 'static' week overall as my losses cancelled out my gains, which is par for the course on a 50/50 flip a coin scenario, but I know I can do better than that. On the subject of compound growth, it is the nature of the beast that growth seems slow at first, but as we go along and the gains are added in to the pot the stakes gradually get bigger and bigger because we are always betting in proportion to our 'new' resource.

It appears I am doing the right thing according to 'the perfect gambler' a Mr Kelly - who I have just read about on Wikipedia - where consistent staking to win a set percentage/amount is highly recommended. I don't pretend to follow all the math on that page, but it is encouraging that the math theory strongly supports what I am trying to do.

This week I have set up a separate trading bank to field test a betting alternative for comparable results. On this other 'test' bank I will be betting on multiple selections in chosen races for a guaranteed overall profit if one of the backed selections wins. This is nothing new - it's known as 'Dutching' after Dutch Schultz who didn't want to lose!

I'll be comparing the results at the end of the week and if my 'Dutching' proves profitable I will include the selections I am backing in my normal bets here for you so you can follow them if you wish. For my standard bank I have backed ARALDUR in the 3.30 at TOWCESTER for a stake of £34 to win 1% (£12). And for my Dutching bet on my test bank I have selected the 2.10 at PLUMPTON where I backed Number 7 SOCCERJACKPOT, Number 9 RAGDOLLIANNA, & Number 10 LEITZU. Stakes were £45, £27, & £29 respectively to win a net profit of £15 if one of them wins.

Should be an interesting week and I'll keep you informed. Thanks for your visit today. T.T.F.N.