1MillionChallengeMan

Start Bank £1,000
Current Bank £1,539.20

Hello again,

After MOUSIE lost at 2/5 odds-on the other day I was really cheesed off. I have been having interesting conversations with my friend Snapper who has made progress of +677% over a similar period. 677% is absolutely ASTONISHING! Even more astonishing is the fact that my friend candidly admits that he knows nothing at all about horseracing! How incredible is that? I mean here I am poring over form for hours and there goes Snapper racing at 13 X my speed!

So what's he doing? Well LAYING is my friends strategy, but LAYING to a mathematical edge. Go read Snappers Blog to find out more about how he uses 'the Kelly' criterion' to maximise his stake,I find it fascinating. Anyway, I decided to take a leaf out of Snappers approach and yesterday I had a Laying Frenzy! I Layed 14 favourites and only three of them won. I also had a successful Place bet with MARIE DU LUFON in the 8.40 at Uttoxeter. So I am fairly confident in my ability to select good potential Lays. All I have to do now is apply the similar mathematical edge and we should be home and dry! I'll still be backing horses to win though and today I have had four Back bets and Five Lay bets.

My Back bets were, to Win: GRUMETI in the 5.05 at Sandown and three to PLACE: VALENCHA 7.20 Goodwood, MILLYLUVSTOBOUGGIE 2.50 Sandown and SURE ROUTE 4.00 Sandown.A word of caution about the sandown 2.50 bet though as there are now only seven runners and you really need eight for a Place 1,2,3.

My five Lay bets are: York 4.25 ROCKET ROB, 5.30 POCKFULHAM, Sandown 3.25 ICENI GIRL, 4.35 ALL ACTION and Market Rasen 5.15 SURE THING. I'm still a bit 'chicken' about using 'Kelly' though, so at the moment my maximum Lay liability on each of them is 1.5%. I will increase the stakes as my confidence grows!

Thanks for your visit today,
T.T.F.N.