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Wedged
15 Jun 10 13:54
Joined:
Date Joined: 19 Nov 05
| Topic/replies: 8,302 | Blogger: Wedged's blog
I am going to run this little evil gem of a system on the horse racing favs, with a stop-loss of £1000 and reset. 

Bank of £2000 - for £70 per run - backing no less than 3s

Feel free to discuss the merits and enormous pitfalls of the Martingale betting system here, although I doubt there is much that needs commenting on now.

High risk and not recommended, i'm in the lap of the Gods.
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Report Wedged September 29, 2010 2:31 PM BST
Every race has gone off late so far! 5 mins late in the very first race even - great start :(
Report Wedged September 29, 2010 2:35 PM BST
Run 2

Bet1 Jalors @4 lost
Bet2 Gold Post @5.5


Back       Your
Odds     Your
Stake     Your
Profit
Gold Post     5.5     £20.74     £93.33
Report Wedged September 29, 2010 2:41 PM BST
Run 2

Bet1 Jalors @4 lost
Bet2 Gold Post @5.5 lost
Bet3 Youhavecontrol @4.5



Back       Your
Odds     Your
Stake     Your
Profit
Youhavecontrol     4.5     £32.59     £114.07
Report buzzer September 29, 2010 2:44 PM BST
this ground will throw up some strange results today wedged! If you can get 2 runs under your belt i'd consider quitting for the day, good luck
Report Wedged September 29, 2010 2:46 PM BST
Strange, I was just thinking similar!

Thankfully i've been doing other betting on top (lays) which is going smoothly so far - possibliy due to the ground.
Report Wedged September 29, 2010 2:49 PM BST
Run 2

Bet1 Jalors @4 lost
Bet2 Gold Post @5.5 lost
Bet3 Youhavecontrol @4.5 lost
Bet4 Stratton Banker @3.5   (IR)
Report Wedged September 29, 2010 2:52 PM BST
Back       Your
Odds     Your
Stake     Your
Profit
Stratton Banker     3.5     £58.67     £146.68
Report Wedged September 29, 2010 2:53 PM BST
Run 2

Bet1 Jalors @4 lost
Bet2 Gold Post @5.5 lost
Bet3 Youhavecontrol @4.5 lost
Bet4 Stratton Banker @3.5 lost    Down to 1.6 but left too much to do.
Report buzzer September 29, 2010 3:05 PM BST
no bites on my 15.05 salisbury thread CryCry the forum's just not the same these days
Report Wedged September 29, 2010 3:10 PM BST
ha "where's the place market!!!"
Report topnag1 September 29, 2010 3:21 PM BST
Wedged, somewhere back in an earlier post you said that there were certain types of races that you did not get involved in and also that you were happy to play in Irish racing.  I simply mean that I am betting blind in all UK horse racing without applying any sort of personal opinion about the race type, conditions etc. 

Your results so far show a profit of £3242 in 25 days.  This is an average of £129.68 per betting day.  At a target of £70 profit per bet you are making a profit of approx 1.85 points per betting day.

By betting blind in UK racing only at odds of 3.3 or greater I am making an average of 1.79 points per betting day. Slightly less than you but close enough to suggest that plain old averages would provide a similar result.
Report Wedged September 29, 2010 3:27 PM BST
Run 2

Bet1 Jalors @4 lost
Bet2 Gold Post @5.5 lost
Bet3 Youhavecontrol @4.5 lost
Bet4 Stratton Banker @3.5 lost
Bet5 Quick Wit @5


Back       Your
Odds     Your
Stake     Your
Profit
Quick Wit     5     £51.33     £205.32
Report Wedged September 29, 2010 3:31 PM BST
I got on too early there, it was at 4.3 so I asked for 5 IR and it was soon taken as it flew to 7.4 all before the off!
Report Wedged September 29, 2010 3:33 PM BST
Run 2

Bet1 Jalors @4 lost
Bet2 Gold Post @5.5 lost
Bet3 Youhavecontrol @4.5 lost
Bet4 Stratton Banker @3.5 lost
Bet5 Quick Wit @5 wins


That drift was worrying, but it by no means is a guide to spot a loser/winner imo.
Report Wedged September 29, 2010 4:01 PM BST
Hi Topnag, I'd not worked out my profit per points stat - interesting, thanks.

I see, so yeah with a recoup losses system such as martingale, you do stand a good chance either way - as long as you avoid the days that bring some very stange results.  And that is where the stop loss comes in which should help you reduce the damage caused by those days considerably.

How long have you been running yours?
Report Wedged September 29, 2010 4:25 PM BST
DAY 26 finished with TWO successful RUNS giving a net profit of £130.

Should be slightly more but annoyingly my first bet didn't quite have enough on to make the £70 so lost £2.50 even before commission.

Finished slightly early but I agree with Buzzer's earlier opinion to stop after the 2nd run as the ground was an unreadable factor.

Running P/L: £3372
Report topnag1 September 29, 2010 6:24 PM BST
I was first introduced to cover-to-win staking when an old racing buddy showed me a copy of the Legacy betting system about 10 years ago.  I believe it is still in copyright so I won't give the selection method here but it was not the winner finding method that impressed me (which is pretty obvious) but the staking plan.  I have applied it to many different betting methods over the years, the most successful being to back the favourites in maidens from the beginning of the flat season to midsummers day.  Wait till next year and try that too!

It is the staking plan of a current and popular system called the Favoutites Phenomenon which grinds out steady profits over time as well.  I am a forum addict and have been following your thread from the start, and have been playing with real money but to smaller stakes over the last 2 months.  I am a firm believer that systematic betting is a profitable exercise, but that no single plan will make you the retirement package that you dream of. 

I have added your version to three other cover-to-win systems that I am currently running and it is a welcome and profitable addition.  I have a day job (of sorts) and am unable to keep uninterrupted records as the nature of cover-to-win betting means that you have to be free to bet all afternoon.  I can usually get 3 or 4 afternoons free per week. 

The way I am betting is this.  UK horse racing only.  Odds to be 3.3 or greater on Betfair.  Bet to be matched before the off ( no in-running).  Cut off point to be the equivalent of a loss of 6 points.  This will vary according to prices but as a general rule this will stand a run of 6 or 7 losses.  By betting this way I am getting returns very close to yours in terms of points won.  There must be many variations on this method.

Good luck with your target of 10k. I am cheering you on!
Report topnag1 September 29, 2010 6:29 PM BST
By the way the pedant in me insists on calling this a cover-to-win method and not a martingale.  Martingale simply means doubling up your stakes after a loss and is the express super highway to the poorhouse.
Report stevies5_mufc September 29, 2010 11:41 PM BST
HERNANDEZZZZZZZZZZZZZZZZZ Laugh

wedged getting quite a few fans now.. just what thread needed!

hope u enjoyed the game mate
Report Wedged September 30, 2010 2:01 PM BST
A good read there, Topnag. Best of luck to you also. I see you have been here since 03 so hopefully you are quite accomplished at what you do by now. :)  Glad it's been worth a read for you (and others).

I understand it's not strictly martingale, so I agree there, but it is rather more catchy hehe.


P.S. Good result for you stevies. I made a bit of play money on the game, although would have made more had MU not won! ha.
Report Wedged September 30, 2010 2:02 PM BST
DAY 27 of the thread and we're playing in the first race of the day.

Let's see if it's a good a start as yesterday...
Report Wedged September 30, 2010 2:03 PM BST
Run 1

Bet1 Musnad @3.8



Back       Your
Odds     Your
Stake     Your
Profit
Musnad     3.8     £25.00     £70.00
Report Wedged September 30, 2010 2:04 PM BST
Again, got on far too early.  I placed bet at 13:55 @3.8 and by the off it was alread out to 5.4.
Report Wedged September 30, 2010 2:11 PM BST
Run 1

Bet1 Musnad @3.8 lost
Bet2 Sahafh @3.5  (IR)
Report Wedged September 30, 2010 2:14 PM BST
Back       Your
Odds     Your
Stake     Your
Profit
Sahafh     3.5     £38.00     £95.00
Report buzzer September 30, 2010 2:19 PM BST
took on Iron Range at 2.16 in the 2.20, someone must know something but this is plenty short enough against the horses who've already shown reasonable form
Report buzzer September 30, 2010 2:20 PM BST
bad timing 2 now Laugh
Report buzzer September 30, 2010 2:22 PM BST
Cry the market got that one right
Report buzzer September 30, 2010 2:26 PM BST
This nursery is tough, early applause at 12.5 is my pick. Purely an odds based decision Shocked
Report Wedged September 30, 2010 2:32 PM BST
Have to admit I followed the market like a sheep there.  It must have been doing great things away from the course for that price though.

At least it won't have hurt you much at that price Buzz.
Report Wedged September 30, 2010 2:33 PM BST
Run 1

Bet1 Musnad @3.8 lost
Bet2 Sahafh @3.5 lost
Bet3 Profonda Rosso @4.5  (IR)
Report Wedged September 30, 2010 2:34 PM BST
I do like Early Applause though. GL
Report Wedged September 30, 2010 2:36 PM BST
Went to 4.4 so not quite matched, now 3.7 :(

We'll have to see if it needs amending or cancel the bet.
Report Wedged September 30, 2010 2:37 PM BST
Back       Your
Odds     Your
Stake     Your
Profit
Profondo Rosso     4.5     £38.00     £133.00
Report buzzer September 30, 2010 2:43 PM BST
strictly pink in the next at 7
Report Wedged September 30, 2010 2:50 PM BST
Was late back to the comp there and went to take Fenella Fudge @4 but missed it, then she was down to about 1.3 so I gave up and she got done.
Report buzzer September 30, 2010 2:50 PM BST
your ideal price there wedged Shocked
Report buzzer September 30, 2010 3:01 PM BST
ted spread at 7 for me at newmarket, a winner would be gratefully received
Report Wedged September 30, 2010 3:08 PM BST
6/1 should go a long way to sorting you out!
Report buzzer September 30, 2010 3:11 PM BST
bundles of money for this western pearl Shocked
Report Wedged September 30, 2010 3:11 PM BST
Going with fav, possibly BTL
Report Wedged September 30, 2010 3:12 PM BST
(Not on the martingale)
Report Wedged September 30, 2010 3:19 PM BST
Back       Your
Odds     Your
Stake     Your
Profit
Harris Tweed     2.29     £250.00     £322.00


Fav lead and crossed the line first too Happy
Report stevies5_mufc September 30, 2010 3:21 PM BST
Happy Laugh cheater
Report Wedged September 30, 2010 3:24 PM BST
What ya mean stevies?  That's just a seperate bet I had as stated above, on the fav mate.
Report Wedged September 30, 2010 3:29 PM BST
Missed a winning fav at backable odds there at Sligo! Sad
Report buzzer September 30, 2010 3:29 PM BST
it really should be a no bet race but i've backed hold on tiger at 6.2
Report stevies5_mufc September 30, 2010 3:30 PM BST
im only messing wedged mate haha but i can call u 1 thing..

showoff Laugh Cry
if only i had funds to put that on a horse
Report Wedged September 30, 2010 3:31 PM BST
same IR 5.5
Report Wedged September 30, 2010 3:31 PM BST
Run 1

Bet1 Musnad @3.8 lost
Bet2 Sahafh @3.5 lost
Bet3 Profonda Rosso @4.5 lost
Bet4 Hold On Tiger @5.5   (IR)
Report Wedged September 30, 2010 3:33 PM BST
Back       Your
Odds     Your
Stake     Your
Profit
Hold On Tiger     5.5     £38.00     £228.02
Report Wedged September 30, 2010 3:34 PM BST
Run 1

Bet1 Musnad @3.8 lost
Bet2 Sahafh @3.5 lost
Bet3 Profonda Rosso @4.5 lost
Bet4 Hold On Tiger @5.5 lost
Report Wedged September 30, 2010 3:35 PM BST
Good stevies, thought you had misunderstood :)

'Cos that fav was too low to back on the martingale, and was just discussing bets with Buzzer.
Report Wedged September 30, 2010 3:37 PM BST
Bit of a rush at times today - 3.10, 3.15, 3.20 then you get 15 mins between 3.30 and 3.45
Report buzzer September 30, 2010 3:38 PM BST
the paddyman on the drift but i'm on at 4.2, could be one of those days today
Report buzzer September 30, 2010 3:39 PM BST
this'll probably fly out to 5 now
Report Wedged September 30, 2010 3:42 PM BST
Would you make this a personal reccommendation, as I can't decide..?
Report Wedged September 30, 2010 3:44 PM BST
Run 1

Bet1 Musnad @3.8 lost
Bet2 Sahafh @3.5 lost
Bet3 Profonda Rosso @4.5 lost
Bet4 Hold On Tiger @5.5 lost
Bet5 The Paddyman @4.5  (IR)


Too late, i've plumped for Paddy.
Report buzzer September 30, 2010 3:44 PM BST
Yes, however on todays form i'd avoid Laugh
Report Wedged September 30, 2010 3:49 PM BST
Back       Your
Odds     Your
Stake     Your
Profit
The Paddyman     4.5     £63.27     £221.44
Report buzzer September 30, 2010 3:49 PM BST
1.25 in running Cry i even put a lay in at 1.2 Laugh you couldn't make it up
Report Wedged September 30, 2010 3:49 PM BST
Too bad buzzer :(
Report Wedged September 30, 2010 3:49 PM BST
The amount of my bet is slightly wrong as I cancelled, then tried to get back on again ha.
Report Wedged September 30, 2010 3:52 PM BST
0.05 hurts, Buzz.  Happens remarkably often to me.
Report Wedged September 30, 2010 4:03 PM BST
Run 1

Bet1 Musnad @3.8 lost
Bet2 Sahafh @3.5 lost
Bet3 Profonda Rosso @4.5 lost
Bet4 Hold On Tiger @5.5 lost
Bet5 The Paddyman @4.5 lost
Bet6 Tawzeea @3.6



Back       Your
Odds     Your
Stake     Your
Profit
Tawzeea     3.6     £103.35     £268.71

Come on! :)
Report stevies5_mufc September 30, 2010 4:14 PM BST
wedged hamish mcgonagall will turn the day around Laugh
Report Wedged September 30, 2010 4:15 PM BST
Hopefully, also looking at Sligo though - so this is gonna be a rush again!! Cry
Report Wedged September 30, 2010 4:15 PM BST
Run 1

Bet1 Musnad @3.8 lost
Bet2 Sahafh @3.5 lost
Bet3 Profonda Rosso @4.5 lost
Bet4 Hold On Tiger @5.5 lost
Bet5 The Paddyman @4.5 lost
Bet6 Tawzeea @3.6 lost
Bet7 Old Theatre Royal @3.8  (asking IR)
Report Wedged September 30, 2010 4:16 PM BST
Back       Your
Odds     Your
Stake     Your
Profit
Old Theatre Royal     3.8     £132.88     £372.06
Report Wedged September 30, 2010 4:17 PM BST
If Royal loses then Hamish @3.3 IR
Report Wedged September 30, 2010 4:20 PM BST
£202 @3.5 hamish
Report Wedged September 30, 2010 4:21 PM BST
Well that was a mad rush and certainly wasn't worth it.
Report Wedged September 30, 2010 4:21 PM BST
The amount of sums and working out I had to do! ha
Report Wedged September 30, 2010 4:24 PM BST
Run 1

Bet1 Musnad @3.8 lost
Bet2 Sahafh @3.5 lost
Bet3 Profonda Rosso @4.5 lost
Bet4 Hold On Tiger @5.5 lost
Bet5 The Paddyman @4.5 lost
Bet6 Tawzeea @3.6 lost
Bet7 Old Theatre Royal @3.8 lost
Bet8 Hamish @3.5 lost
Report Wedged September 30, 2010 4:37 PM BST
Cybersnow or save my powder for Dubai Media? Humm.
Report Wedged September 30, 2010 4:43 PM BST
Run 1

Bet1 Musnad @3.8 lost
Bet2 Sahafh @3.5 lost
Bet3 Profonda Rosso @4.5 lost
Bet4 Hold On Tiger @5.5 lost
Bet5 The Paddyman @4.5 lost
Bet6 Tawzeea @3.6 lost
Bet7 Old Theatre Royal @3.8 lost
Bet8 Hamish @3.5 lost
Bet9 Cybersnow @3.5  (asking IR)  Was 3.45 a few mins ago, now 2.8.  May have to cancel.
Report Wedged September 30, 2010 4:49 PM BST
Back       Your
Odds     Your
Stake     Your
Profit
Cybersnow     3.42     £282.77     £684.67
Report Wedged September 30, 2010 4:51 PM BST
Ouch.
Report stevies5_mufc September 30, 2010 4:53 PM BST
soon wedged.. 1 is on its way very soon
Report Wedged September 30, 2010 4:55 PM BST
Last bet stevies - Dubai Media @5   £227.23
Report Wedged September 30, 2010 4:58 PM BST
Run 1

Bet1 Musnad @3.8 lost
Bet2 Sahafh @3.5 lost
Bet3 Profonda Rosso @4.5 lost
Bet4 Hold On Tiger @5.5 lost
Bet5 The Paddyman @4.5 lost
Bet6 Tawzeea @3.6 lost
Bet7 Old Theatre Royal @3.8 lost
Bet8 Hamish @3.5 lost
Bet9 Cybersnow @3.5 lost
Bet10 Dubai Media @5 lost

---------------

End of run as stop loss kicks in.
Report Wedged September 30, 2010 5:05 PM BST
The 3rd great set of lays I have come up with during the course of this thread! Happy
Report Wedged September 30, 2010 5:07 PM BST
I will be betting on Taikoo outside of this thread. Let's see :)
Report Wedged September 30, 2010 5:12 PM BST
Royal Trooper won that with an excellent run. VWD.
Report Wedged September 30, 2010 5:25 PM BST
[color=brown]DAY 27 finished with NO successful RUNS giving a net loss of £1066.

Just one of those days that we have to expect now and again, being the 3rd run that has hit a stop loss of the thread.

Using my averages, it should add 7 days onto the length of the challenge until (hopefully) we reach the target.

Due some luck perhaps? Love

Running P/L: £2306
Report Wedged September 30, 2010 5:26 PM BST
Try again. Oops.
Report Wedged September 30, 2010 5:26 PM BST
DAY 27 finished with NO successful RUNS giving a net loss of £1066.

Just one of those days that we have to expect now and again, being the 3rd run that has hit a stop loss of the thread.

Using my averages, it should add 7 days onto the length of the challenge until (hopefully) we reach the target.

Due some luck perhaps?Love

Running P/L: £2306
Report Wedged September 30, 2010 6:24 PM BST
The favs have been flying in since I stopped, nearly every race! That's life. Cry
Report Wedged September 30, 2010 6:33 PM BST
And another.  I think that's 4 favs in a row and 4 of many others.  Amazing.
Report stevies5_mufc September 30, 2010 11:35 PM BST
Plain
Report Wedged October 1, 2010 3:08 PM BST
Yes Stevie, one of many faces I pulled yesterday.

Taking a day off today - plus didn't realise we had an early start! Oops Happy
Report stevies5_mufc October 1, 2010 6:07 PM BST
Cool how would today ahve gone wedged? i havent been following results today
Report mark wilsons a legend October 2, 2010 3:57 PM BST
Take yer **** outta his arse Steve
Report Coachbuster October 2, 2010 5:26 PM BST
well done so far Happy
Report stevies5_mufc October 2, 2010 5:53 PM BST
mark wilsons a legend hello to you too

whats your problem? Confused u asked him how the results would of gone is there a problem?

you dislike this thread on the forum? f**k off it then [;)]
Report stevies5_mufc October 5, 2010 3:53 PM BST
loved that insightful comment from mark wilson and fail to reply anymore Laugh what a c**t


wedged u given up after the loss?
Report stevies5_mufc October 15, 2010 9:41 PM BST
calling wedged.. whats the plans for this now mate? scrapped cause of the losses? Confused

mal how are you getting on also, you say you do it monday to friday? hows it going
Report mal1964 October 18, 2010 12:52 PM BST
hi stevie5 , not been doing it for a couple of weeks all i can say is that when i stopped i was well up.The money i was making in the day on this ( thanks wedged )i was using the winnings to bet on the selections the next day on a win system i have . To put it in a nutshell i was using upto £250 every day of what i call free money ( winnings ) on a system that wins 4/5 days . I hope i have explained that clearly .
Good luck you guys
Report stevies5_mufc October 18, 2010 5:35 PM BST
Laugh awesome well done mate.. keep up the good work
Report freddiewilliams October 20, 2010 12:19 PM BST
wedged please sign in so we know ure still alive
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