you actually counted them?

lol, don't be too hard on yourself mate ;)

Good Afternoon

To keep the figures fair for all I have included the loss from 2 Saturday's ago when I posted 5 losers. It cost Just under £2,000 :0

I didn't actually lay any selections that day as we had 2 previous days where I was having technical trouble - I had tried to automate my ratings but had a big problem as this didn't seem to work very well and resulted in the wrong selections being made!

As you will notice on that Saturday I made a note re the prices of the runners and said that we had never layed so many shorties - well that explained why! They were the wrong selections.

Everything is sorted now so If we have 10 losers in a day I'll take it on the chin.......But I'm pretty positive we won't :-)

Anyway, I subtracted £2k from the P+L figures to make things fair for anyone who layed the losers. Also subtracted 15 points from the level stakes totals.

Also, I can't be called a ** now :-)


Back to normal now - fingers crossed for a good day :-)


Day 89

Wednesday 8th July 2009

Starting Bank: £5,000
Bank: £14,460.78
Bank High: £16,460.78


Today's Stakes Remain The Same:

Prices below 3.5: lay to 1% of bank - backer's stake £164.60
Prices from 3.6 to 4.5 lay to 0.9% of bank - backer's stake £148.14
Prices from 4.6 to 5.5 lay to 0.8% of bank - backer's stake £121.68
Prices from 5.6 to 6.5 lay to 0.7% of bank - backer's stake £115.22
Prices from 6.6 to 7.5: lay to 0.6% of bank - backer's stake £98.76
Prices from 7.6 to 8.5 lay to 0.5% of bank - backer's stake £82.30
Prices from 8.6 to 9.5: lay to 0.4% of bank - backer's stake £65.84
Prices from 9.6 to 10.5 lay to 0.3% of bank - backer's stake £49.38
Prices from 10.6 to 11.5 lay to 0.2% of bank - backer's stake £32.92




Today's Selections:


Lingfield:

2.10 Muffets dream


Newmarket:

3.10 Spacious


Catterick:

4.40 Big Slick


Kempton:

6.20 Duke Of Milan
7.20 Action Impact
8.20 Highly Regal


Worcester:

8.10 Dark Energy



Good Luck

Steve




Todays Takings: £ Less 5 % Comm. £
Todays Losses: £0
Profit/Loss: £
Bank: £16,460.78

Level Stakes:
Todays P + L Points
Total P + L +191.15 Points

Todays Strike Rate %
Total Strike Rate 88.62%
Wins 530 - 598 Bets

That'll be PP greening up :)

Fine thank-you sir 10/10 @3.30 - now coffag and mowing I stink.

Ivor, that doesn't include your place market thread ;)

Steve, Are you still aiming for 100k? And if so what sort of time frame are you looking at achieving it? Cheers.

sanddancer 08 Jul 23:08
Steve, Are you still aiming for 100k? And if so what sort of time frame are you looking at achieving it? Cheers.


Hi Mate

I sure am :-) And I'm hoping to do it in about 3 weeks ;-) No, if I manage it within a year I will be very pleased.

Staking a % of bank starts off slowly but as the bank grows the bet size and hopefully the profits snowball!

Maria made £30,000 in 10 months and £70,000 in 2 months. (£100,000 total) Just go's to show that you can make big money when compounding profits :-)

Steve



Xaver_Knudlhuber 09 Jul 11:05
Hi from Sydney ;-) Means late nights to follow it

G'day Mate

Welcome to the thread - all contributions welcome here and good luck if u decide to join in :-)

Cheers

Steve

:D

Going well Steve, nice one. Might take a bit longer than Maria, i believe she layed up to 20 horses on some days especially near the end. But who cares profit is profit, personally i wouldn't have a time limit you might feel less presurised, Anyway keep up the good work fella.

can of worms there Midas - you open a can of worms..

worst case and then some more I think!

Well a profit was made yesterday using level stakes (+1.5 pts) but was down approx £5 using staking bands due to the price of the winner and the lower stakes won on the bigger priced losers.

I am kicking myself about yesterday as I was being rather cautious and I left a selection out as it only just qualified as a lay ( Fin Vin De Leu 2/1f L). As you know it went on to get stuffed so that would have made the difference between a slight loss on the day and a decent winning day.


Day 89

Wednesday 8th July 2009

Starting Bank: £5,000
Bank: £14,456.25
Bank High: £16,460.78


Today's Stakes Remain The Same:

Prices below 3.5: lay to 1% of bank - backer's stake £164.60
Prices from 3.6 to 4.5 lay to 0.9% of bank - backer's stake £148.14
Prices from 4.6 to 5.5 lay to 0.8% of bank - backer's stake £121.68
Prices from 5.6 to 6.5 lay to 0.7% of bank - backer's stake £115.22
Prices from 6.6 to 7.5: lay to 0.6% of bank - backer's stake £98.76
Prices from 7.6 to 8.5 lay to 0.5% of bank - backer's stake £82.30
Prices from 8.6 to 9.5: lay to 0.4% of bank - backer's stake £65.84
Prices from 9.6 to 10.5 lay to 0.3% of bank - backer's stake £49.38
Prices from 10.6 to 11.5 lay to 0.2% of bank - backer's stake £32.92




Today's Selections:


Lingfield:

2.10 Muffets dream 10.5 £49.38 10/1 L ;-)


Newmarket:

3.10 Spacious 7.4 £98.76 11/2 L ;-)


Catterick:

4.40 Big Slick 7.2 £98.76 5/1 L ;-)


Kempton:

6.20 Duke Of Milan 7.4 £98.76 5/1 L ;-)
7.20 Action Impact 5.2 £121.68 7/2jf W :-( (-£511.05)
8.20 Highly Regal 9.4 £65.84 8/1 L ;-)


Worcester:

8.10 Dark Energy 5.4 £121.68 4/1 L ;-)



Good Luck

Steve




Todays Takings: £533.18 Less 5 % Comm. £506.21
Todays Losses: £511.05
Profit/Loss: £4.52
Bank: £14,456.25

Level Stakes:
Todays P + L +1.50 Points
Total P + L +192.65 Points

Todays Strike Rate 85.71%
Total Strike Rate 88.62%
Wins 536 - 605 Bets

Hull 09 Jul 14:48
Going well Steve, nice one. Might take a bit longer than Maria, i believe she layed up to 20 horses on some days especially near the end. But who cares profit is profit, personally i wouldn't have a time limit you might feel less presurised, Anyway keep up the good work fella.


Hi Hull

Cheers Bud. Yeah I think it will mate but I don't have time scale or target really, as you say profit is profit :-)



Midas 09 Jul 15:11
I watch this thread with great interest. You've probably already answered this Steve, but is this your full time occupation? Also, are your selections based on statistical analysis? I have been using a fixed stake to back and lay for the past 4 years, but I am seriously thinking of changing it % of bank.


Hi Midas

Well I don't have a Job, so laying and a couple of other strategies in my repertoire are my only source of income :0

My selections are based on my own ratings that take in to account 40+ variables.

Re fixed stake or % stake.....I would go for % stake as the trouble with fixed stake is that it could bear no correlation to the size of your betting bank and you could be betting a stake far too big or far too small compared to the size of your bank.

The good thing about betting x % is that you are always staking the exact same % of your bank and your risk is always in the same proportion to your bank.

I think a good starting point is to use 1% risk of your betting bank.

So if backing, stake 1% per bet and if laying risk 1% per bet.

A lot of people will think this is too cautious but believe me, if you hit that inevitable bad bad losing run then you will be glad that you were not staking 5 or 10% of your bank!

Also if you strategy is sound then no matter how small your starting bets are, your bank will grow and your stakes will grow with your bank.

Hope this helps mate :-)

Cheers

Steve

Steve, You haven't mixed your backs with your lays have you? lol ;-)

Steve, thanks for the reply mate, I will certainly look into this based on my results for the past 4 years.

A mad start to the day, I hope the other selections get some money back for you.

Laying horses on the evidence of someones say so, its pathetic and your all mugs !

Kavie......Your mentality is a lot lower than mine, and I`m only a new born !

Kavie....As long as your happy and making profit...fair play to you !

Fair play to you Roger for trebling your bank !