1MillionChallengeMan

Start Bank £1,000
Current Bank £1,685.55 (+68%)

Hello again,

well this Laying lark is all going rather well! I have now had 25 successful lay bets out of 29 in the last three days and I can see that this is going to catapult my progress towards that new Boat I want and the £MILLION. My 5% Win target for this week is £84.27, which would see me finish the week at £1,769.82. However I do believe that I will now be able to exceed the weekly targets comfortably, at least I hope so!

Today though there are a lot of Non Runners due to the rain and the changing ground conditions, so I have stuck mainly to Back bets today, although I have layed FAST ON in the 1.45 at CARLISLE for a maximum Liability of 2% but only if it comes down to 4.0 . I should Lay at around 5% Liability, but the Owner is known to ready one for a win at good odds occasionally so it's just 2% Liability on this one today.

I have backed MAWSEM in the 3.00 at SEDGEFIELD and NIGHT ANGEL in the 6.40 at WARWICK to WIN and also backed a couple for a PLACE bet 1,2,3, and they are RED ART in the 6.00 at WINDSOR and JADE in the 3.15 at CARLISLE. My stakes were 1.5% (£25) on each of the Back bets.

I recently bought a new Barbecue - it sat in its box while the Sun was shining in all that nice sunny weather we had and then on the day I decided to assemble the darn thing the heavens opened - and they haven't stopped opening since. Maybe I should dissassemble my barbecue and put it back in its box! The postman has just delivered my copy of FORTUNES FORMULA - the untold story of of the scientific betting system that beat the Casinos and Wall Street by William Poundstone. This book contains the secrets of The Kelly Criterion - the formula for maximising profitability - so I am hoping to pick up some good knowledge to speed my progress along. Should be a good read!

T.T.F.N.