Very impressive strike rate so far. Even if overall rate falls to 80% should still be profitable.

Cheers Lads - as I said in previous posts, my current SR of around 90ish% is too high and variance will come in and kick it down to about 85% long term......
Although over the last 6 months it has remained at around 89%. I think profits can be achieved with a 80% SR if laying to fairly reasonable prices.

Good Luck

Steve

Saturday 25th April 2009

Starting Bank: £5,000
Bank: £6,637.78
Bank High: £6,637.78

Todays Stakes Remain Unchanged:

Prices below 3.5: lay to 1% of bank - backer's stake £66.38
Prices from 3.6 to 4.5 lay to 0.9% of bank - backer's stake £59.74
Prices from 4.6 to 5.5 lay to 0.8% of bank - backer's stake £53.10
Prices from 5.6 to 6.5 lay to 0.7% of bank - backer's stake £46.46
Prices from 6.6 to 7.5: lay to 0.6% of bank - backer's stake £39.82
Prices from 7.6 to 8.5 lay to 0.5% of bank - backer's stake £33.18
Prices from 8.6 to 11: lay to 0.4% of bank - backer's stake £26.55


Tonights Selections:

Haydock:

6.40 Lets Roll
7.10 Capucci

Wolverhampton:

7.20 Pinball
7.50 Andoran
9.20 Diktatorship


Todays Takings: £ Less 5 % Comm.
Todays Losses: £
Profit/Loss £

Bank: £6,406.50

Level Stakes:
Todays P + L
Total P + L +59.36 Points

Todays Strike Rate
Total Strike Rate 90%

133 Wins from 148 bets

steve, do you place all the lays before the start of racing ? ( apart from the ones that you note are still shortening of course )

cheers steve, good luck with the rest of today :-)

steve, what are you going to do with the extra commission cash ? ( you are allowing 5%, but doing your lays daily, presumably actual rate a fair bit lower ) if i remember correctly, Maria used to buy expensive shoes with it ;-)

Yes go ahead when you are ready.

Saturday 25th April 2009

Starting Bank: £5,000
Bank: £6,786.03
Bank High: £6,786.03

Well after a shaky start it turned out ok - with 15/16 obliging (or not).....And the bank is now on a new high so stakes increase pro rata tomorrow :-) Don't the parasites go quiet when it goes the other way - not a peep ;-)


Todays Selections:


Sandown:

1.00 Nisal 5.1 £53.10 9/2jf L ;-)
1.35 Alsadaa 8.8 £26.55 13/2 W :-(
2.35 Oumayade 8.4 £33.18 7/1 L ;-)
3.10 Oodachee 8.2 £33.18 15/2 L ;-)
3.45 Dream Eater 7.8 £33.18 7/1 L ;-)
4.15 Buccellati 11.5 £26.55 10/1 L ;-)
4.50 Tartan Gigha 9.2 £26.55 7/1 L ;-)

Leicester:

1.55 Kipchak 6.2 £46.46 9/2jf L ;-)
4.10 Princelywallywogan 6.0 £46.46 4/1 L ;-)

Ripon:

2.20 Coleorton Choice 4.4 £59.74 10/3 L ;-)

Market Rasen:

2.45 Sycho Fred 6.2 £46.46 11/2 L ;-)
3.20 Abbey Minster 6.4 £46.46 5/1 L ;-)

Haydock:

6.40 Lets Roll 9.4 £26.55 13/2 L ;-)
7.10 Capucci 7.2 £39.82 5/1jf L ;-)

Wolverhampton:

7.20 Pinball 6.4 £46.46 4/1 L ;-)
7.50 Andoran 4.9 £53.10 5/1 L ;-)



Todays Takings: £617.25 Less 5 % Comm. £586.63
Todays Losses: £207.09
Profit/Loss £379.53

Bank: £6,786.03

Level Stakes:
Todays P + L +6.45 Points
Total P + L +65.81 Points

Todays Strike Rate 94%
Total Strike Rate 89%

148 Wins from 166 bets

Another way to look at your performance is on a risk weighted basis. For example if you lay a horse at 5/1 for £100 you risk £500 for a gain of £95 (£100 less 5% comm). Your value at risk is 81% and your risk weighted return is (£95/£500) * (1 - 0.81) or 3.61%. You have a starting bank of £5000 and are showing a profit of £1600 in a month. If your average lay is say 5/1 your risk weighted return for the month is (£1600 / £5000) * (1 - 0.81) or 6.08%. For the annual rate multiply by 12 giving 72.96%. At an average lay of 6/1 your annual rate is 60.80% and at 7/1 it is 52.1%. Top, top gamblers rarely achieve rates of over 40% so really well done so far and my best wishes for the future.

Rigi.

theborderfox 25 Apr 23:28


well done pro excellent again.Dont worry about parasites,bitter losers no doubt


Hi theborderfox - Thanks bud....no, I won't :-) just amazes me what sort of thrill they get from being so negative and childish! probably bigtime losers :-)

Rigi123 26 Apr 08:58


Another way to look at your performance is on a risk weighted basis. For example if you lay a horse at 5/1 for £100 you risk £500 for a gain of £95 (£100 less 5% comm). Your value at risk is 81% and your risk weighted return is (£95/£500) * (1 - 0.81) or 3.61%. You have a starting bank of £5000 and are showing a profit of £1600 in a month. If your average lay is say 5/1 your risk weighted return for the month is (£1600 / £5000) * (1 - 0.81) or 6.08%. For the annual rate multiply by 12 giving 72.96%. At an average lay of 6/1 your annual rate is 60.80% and at 7/1 it is 52.1%. Top, top gamblers rarely achieve rates of over 40% so really well done so far and my best wishes for the future.

Rigi.

Morning Rigi - thanks again for your input, very interesting.

Havent got around to completing all the lay prices yet.....got over year's figs to plough through still. Looking at my usual lay prices I would have thought that around 11/2 would be a fairly average price, considering I dont lay too many above 8/1 and lay quite a lot in the 3-1 to 5-1 price range. Thanks also for your kind, encouraging words Rigi.

Good Luck today mate.

Steve


ebasson61 26 Apr 09:26


Hi ProPunta

Don't really know anything about the GGs, but your posts look well-considered and disciplined. It's also nice to see someone turning a steady profit.

Good luck to you.



Morning ebasson61 - Thanks a lot mate good luck.

Steve

1977 26 Apr 13:59


Sunday 26th April 2009

Starting Bank: £5,000
Bank: £6,786.03
Bank High: £6,786.03

Todays Stakes Increase to:

Prices below 3.5: lay to 1% of bank - backer's stake £67.86
Prices from 3.6 to 4.5 lay to 0.9% of bank - backer's stake £61.07
Prices from 4.6 to 5.5 lay to 0.8% of bank - backer's stake £54.28
Prices from 5.6 to 6.5 lay to 0.7% of bank - backer's stake £47.50
Prices from 6.6 to 7.5: lay to 0.6% of bank - backer's stake £40.71
Prices from 7.6 to 8.5 lay to 0.5% of bank - backer's stake £33.93
Prices from 8.6 to 11: lay to 0.4% of bank - backer's stake £27.14


Today's Selections:


Brighton:

2.40 Batchworth Blaise 7.6 £33.93 17/2 L :-)


Wetherby:

4.00 Mandingo Chief 4.9 £54.28 3/1 W :-(


Ludlow:

4.15 Treasury Counsel 3.9 £61.07 5/2 jf L :-)


Todays Takings: £95.00 Less 5 % Comm. £90.25
Todays Losses: £211.69
Profit/Loss: £121.43

Bank: £6,664.60

Level Stakes:
Todays P + L -2.00 Points
Total P + L +63.81 Points

Todays Strike Rate 66.66%
Total Strike Rate 89%

Towcester:

2.40 Menelaus

good job i checked back, had already layed that one, backed back at same price.

Best of luck for today steve

Was in two minds whether or not to leave it in - decided not to lay earlier but forgot to remove from post. Although I said last week that once posted I would leave them! oh well! nice price too

non runner in 3:40 now, still laying Guns of Love ?

supersavo 27 Apr 15:29
non runner in 3:40 now, still laying Guns of Love ?



supersavo 27 Apr 15:29
yep no worries steve...

Hi Dave - yes mate. Only withdrew Menelaus as I had decided against it this a.m. but still included it in list.

Cheers

Steve

hmm looks like i will have to let Lowe Go run without opposing it.. 13.0 ... discipline ;-)

to big for my comfort level

I do sometimes lay IP - if they are too big prior to off or if I havent been matched at the price i want. I know some people say they only get matched if they're going well but I have seen plenty get matched IR running like carp.

hasty 27 Apr 16:00
to big for my comfort level

Hasty - do you lay using level stakes mate??