I tried to do my good deed for the day, and failed miserably it seems.

Promise me one thing. When you lose your bank for the first time, stop there. Don't think it's not going to happen again. My stats are from real events, and you would have lost your bank 213 times in 7 years. That's once in every 12 days. I sincerely hope you last longer than that.

Good Luck (you're going to need it)

thanks for your replies lads all taken on board

time for me to go now see you all soon

Sorry you`ve lost me.

Everyone trying to be objective and helpful; Zipper sums it up, bitten before not trying again.  I have aswel.  Summary of course is that any system is successful IF you find winers; IF being the problem.   But out of interest WFT, what is your stats summary made up of ? ie what horses/prices qualified in your table.   But good luck all in whatever you try

dear dear dear dippy, have you ever had a profitable year.

M4 Pete,

I'm not sure what you mean. All of the selections in my stats are for horses priced 3/1 or over. It so happens that this category, coincidentally, is the price range that I'm the most profitable.

WFT  thanks, I was assuming (obviously wrongly that you were using just one horse and wondering where that choice came from. But looking at the numbers of horses, clearly I was wrong. Anyway, trying to stay away from this sort of thing as I am also from dutching, having enough of a challenge finding ANYTHING for the frame !!   Thanks anyway    Pete

Manxy .. be honest once you start telling lies  to yourself  and your friends and family .. well there is no hope .. pack the game in is my advice

The paradox

A casino offers a game of chance for a single player in which a fair coin is tossed at each stage. The pot starts at 1 dollar and is doubled every time a head appears. The first time a tail appears, the game ends and the player wins whatever is in the pot. Thus the player wins 1 dollar if a tail appears on the first toss, 2 dollars if a head appears on the first toss and a tail on the second, 4 dollars if a head appears on the first two tosses and a tail on the third, 8 dollars if a head appears on the first three tosses and a tail on the fourth, and so on. In short, the player wins 2k−1 dollars if the coin is tossed k times until the first tail appears.

What would be a fair price to pay the casino for entering the game? To answer this we need to consider what would be the average payout: With probability 1/2, the player wins 1 dollar; with probability 1/4 the player wins 2 dollars; with probability 1/8 the player wins 4 dollars, and so on. The expected value is thus

    E=\frac{1}{2}\cdot 1+\frac{1}{4}\cdot 2 + \frac{1}{8}\cdot 4 + \frac{1}{16}\cdot 8 + \cdots

        =\frac{1}{2} + \frac{1}{2} + \frac{1}{2} + \frac{1}{2} + \cdots

        =\sum_{k=1}^\infty {1 \over 2}=\infty \,.

Assuming the game can continue as long as the coin toss results in heads, in particular that the casino has unlimited resources, this sum diverges without bound, and so the expected win for the player, at least in this idealized form, is an infinite amount of money. Considering nothing but the expectation value of the net change in one's monetary wealth, one should therefore play the game at any price if offered the opportunity. Yet, in published descriptions of the game, e.g., (Martin 2004), many people expressed disbelief in the result. Martin quotes Ian Hacking as saying "few of us would pay even $25 to enter such a game" and says most commentators would agree. The paradox is the discrepancy between what people seem willing to pay to enter the game and the infinite expected value suggested by the above naïve analysis.

There seems to be an assumption here that the OP can always bet as much as he wants. That isn't the case. After a string of losses he may want to bet £1000. There may not be £1000 in the market, or if there is, it won't all be at the best price.

Report • Quote • Block User whatyoulookingat • July 16, 2011 2:50 PM BST
i suppose it had to happen took a fair hit today still in front overall on this system but will be
looking elsewhere in the future see you all soon and good luck for the future


you didnt look too far for your next system!

Dealer, you know that will not be happening.
It's a shame really because the OP's total selections show a profit of approx 33 points after commission, indeed even backed to place after commission they show a profit of just over 11 points.
Whether it be by luck, but hopefully study, it shows the OP is more than capable of making profitable selections (though it has only been six days so far of course).
Would be more accepted if the selections were just posted without reference to Martingale, but then the thread would not receive the attention the OP craves from the forum.

Should have said those figures are to level stakes of course.

SDCs.nap

Take it you'll be following religiously now GT/racingstar....!

Sheep follow a nominated leader even to the slaughterhouse.Case rested.

I am a blacksheep,with a few millions of the family money.

They would just spend it on Martyn Gayle and M Fordy..........or worse.........Racing Post shares.

bank of ego  quality quote CL

zipper
13 Nov 12 18:22
Joined:
06 Jul 02
| Topic/replies: 7,907 | Blogger: zipper's blog
Manxy see you joined a full 24 months ago
yes or no will do are you on profit you dont need to post your P/L  yes or no will do
Rate reply:
| report block user
zipper

zipper
13 Nov 12 18:27
Joined:
06 Jul 02
| Topic/replies: 7,907 | Blogger: zipper's blog
Manxy .. be honest once you start telling lies  to yourself  and your friends and family .. well there is no hope .. pack the game in is my advic



i was here a year before andyl dippey, if your start date is earlier 02 than his im still older than ya.

and ive never had a losing account.

as for your advice, i will take as much notice of it, as i did your advice on value.