Generating an Income

[Benny]

I plane to start with a bank of $500. Any suggestions on how to generate an income. I'm hoping to double it every 30 days if possible.

I normally back between 3 and 5 horses a race.

[beton]

I plane to start with a bank of $500. Any suggestions on how to generate an income. I'm hoping to double it every 30 days if possible.

I normally back between 3 and 5 horses a race.
If you are currently backing 3-5 horses per race - what is your strike rate and your POT.
Breakdown what you have into what you want and then you have what you need to do.

If your SR is 100% and you make a $1 per race you need 500 races per month. IS your current betting system going to allow you 500 races per month? That's 16 races per day. If not you will have to increase your stake. Is your SR 100%? If not you will have to increase your stake.

If I am reading you correctly, you are asking for an alternative method to generate this income. If so lay. Lay the field all races. It will be a bumpy ride and you may lose your $500 in 2 days. You will lose 4 months in 12 but you will win. My estimate would be $7500 per annum at $30 liability. You could also drop some of the field, restrict the fieldsize and the minimum price range.
Why have I given this? Because you won't do it. The first bad run and you will stop. $30 min liability will do that. If you could start with $1 everybody would be doing it.

[Benny]

my s/r is around 63% for 3 horses vin a race uo to 84% for 5 horses. My proit is around $10 to $ 15 dollars a race

[beton]

my s/r is around 63% for 3 horses vin a race uo to 84% for 5 horses. My proit is around $10 to $ 15 dollars a race
What is your outlay per race?

[Benny]

$100 a race

[beton]

Benny, unless I am missing something here, you have a LOT.
100 races winning between 63% and 84% backing 3-5 horses to win on average $10-15 per race.
Using averages SR ave 73.5% win $12.5 ave.
100 races outlay @ $100/ race $10000. but you win 73.5% so you are funding 36.5 races outlay $3650.
You win 73.5 races for an average $12.50. Winnings $918.75. Loss $2731.
This is not going to do it.

[stugots]

ouch;)

[Barny]

How to make a small fortune punting ..... Start off with a lrage fortune ..... lol

DTM ;)

[Vortech]

don't be so harsh and help the good fella out.

Basically the sums you have provided mean a loss.

Have you been betting with this system live or on paper?
Are you looking for a staking method etc?

[Lord Greystoke]

I plane to start with a bank of $500. Any suggestions on how to generate an income. I'm hoping to double it every 30 days if possible.

I normally back between 3 and 5 horses a race.What's the big deal in 'the double' Benny, besides the obvious lure of starting out with a small wad and ending up with an cash flow bowser ? What are you really aiming to achieve / target here over the longer term eg $$$ pw ??

LG

[Barny]

What's the big deal in 'the double' Benny, besides the obvious lure of starting out with a small wad and ending up with an cash flow bowser ? What are you really aiming to achieve / target here over the longer term eg $$$ pw ??

LGLG, why would you be in this caper with a target of less that 100% ??? Small returns are for superannuation funds where you have the privelege of paying fundies, governments, brokers and the rest of the hangers on !!!! Horse racing gambling is set up to achieve 100% returns.

DTM :)

[Rinconpaul]

Lay the field all races. It will be a bumpy ride and you may lose your $500 in 2 days. You will lose 4 months in 12 but you will win. My estimate would be $7500 per annum at $30 liability. You could also drop some of the field, restrict the fieldsize and the minimum price range.
Beton, I was reading your thread "Staggered lay the field", but it stopped abruptly on the 11th of June 2012, without the final chapter being published. Are you currently laying the field using a staggered stake regime or just laying the field or part thereof based on max odds filter? Did you end up laying to liability or fixed bet? Did you fully automate it or take Mark's advice and try and frame a field to achieve better than 90%? Good to hear it's going well for you, if after a year since your original thread, you're advising Benny it's the path to walk down.
Cheers RP

[beton]

Beton, I was reading your thread "Staggered lay the field", but it stopped abruptly on the 11th of June 2012, without the final chapter being published. Are you currently laying the field using a staggered stake regime or just laying the field or part thereof based on max odds filter? Did you end up laying to liability or fixed bet? Did you fully automate it or take Mark's advice and try and frame a field to achieve better than 90%? Good to hear it's going well for you, if after a year since your original thread, you're advising Benny it's the path to walk down.
Cheers RP
The greatest bugbear is the rollercoaster ride. I restrict the field. I also have a minimum fieldsize. I broke the bank a couple of times before getting in front and staying there. I started with $30 liability and ratcheted up. You lose 1 week in 4 and if you lose two weeks in four then you lose that month. I have lost 2 months in a row then had 5 winning months. People will stop after one losing streak.

[Rinconpaul]

Congrats on your persistence, that takes guts and a lot of faith in your system
RP

[Benny]

The greatest bugbear is the rollercoaster ride. I restrict the field. I also have a minimum fieldsize. I broke the bank a couple of times before getting in front and staying there. I started with $30 liability and ratcheted up. You lose 1 week in 4 and if you lose two weeks in four then you lose that month. I have lost 2 months in a row then had 5 winning months. People will stop after one losing streak.

how do i lay the field

[aussielongboat]

I plane to start with a bank of $500. Any suggestions on how to generate an income. I'm hoping to double it every 30 days if possible.

I normally back between 3 and 5 horses a race.

put your bank in a real bank ( hopefully at high interest) and get a job.

else that plane that you mention will be banking all right - straight into the side of a hill.


seriously it is impossible to double a bank every month.

maybe once every now and then -but long term forget it.


the best professional is happy with long term 5% POT.
forget all this other rubbish about 20%+ POT and all that - it is **** and back data fitting.

At 5% daily POT and betting 10% of your bank per day you will make $2.5 per day and thus $75 per month.

That my friend is as good as it gets and you can take that to the bank.

[aussielongboat]

my s/r is around 63% for 3 horses vin a race uo to 84% for 5 horses. My proit is around $10 to $ 15 dollars a race

well if that's the case why did you ask the original question - on the basis of 3-4 races per day you are already doubling your bank in 10 days.

A genius of a scale that we have never seen before.
Don Scott X 100 reincarnated.

LOL

Do you expect that statement to be taken seriously.
why don't you whack a few selections up and show us.

[Benny]

Here's the selections for Hatrick (NZ dogs) in rated order

r5

#'s 8.7,2,5,4

My ratings only predict the likely winner

[Benny]

Here's the selections for Hatrick (NZ dogs) in rated order

r5

#'s 8.7,2,5,4

My ratings only predict the likely winner

Winner no.5 paying $11.00 on unitab. Plus the tri which payed $106.50

[Barny]

put your bank in a real bank ( hopefully at high interest) and get a job.

else that plane that you mention will be banking all right - straight into the side of a hill.

That my friend is as good as it gets and you can take that to the bank.
That's really funny aussie !!!!! ;)

DTM :)

[Benny]

Canterbury. Again in rated order.

r1

#'s 5,8,2,4,6

Lets see if we can keep the winners coming.

[jose]

Benny, the 4 cannot win at Canterbury.
You can take that to the bank as well.

[Benny]

Benny, the 4 cannot win at Canterbury.
You can take that to the bank as well.

I'm only posting what my ratings come up with. If you disagree then thats up to you.

[Lord Greystoke]

I get...

1
5
2

But then again... what do I know!

LG

[Rinconpaul]

The greatest bugbear is the rollercoaster ride. I restrict the field. I also have a minimum fieldsize. I broke the bank a couple of times before getting in front and staying there. I started with $30 liability and ratcheted up. You lose 1 week in 4 and if you lose two weeks in four then you lose that month. I have lost 2 months in a row then had 5 winning months. People will stop after one losing streak.Beton, how do you treat fields full of 1st starters or lots of horses returning from spells, slow tracks etc, or apart from field size do you just go for it? Also, would it be fair to say your nett profit on turnover would be around 2.5%?
Cheers RP

[jose]

Fair enough.

[Benny]

Canterbury. Again in rated order.

r1

#'s 5,8,2,4,6

Lets see if we can keep the winners coming.

winner no. 5 $3.00 on unitab. Plus the tri which paid $189.10 and if you put in the field for 4th the 1st 4 paid $725.60.

Lets see that 2 winners from 2 races. for a 3 unit profit.

This won't happen every day. There are bound to be losing days when all goes against you.

[aussielongboat]

Canterbury. Again in rated order.

r1

#'s 5,8,2,4,6

Lets see if we can keep the winners coming.

so far so good
well done
ON level stakes you are about 4 units in front or POT of about 40%

[Lord Greystoke]

Over to you Benny

LG

[darkydog2002]

Hey Benny 3rd @$5.10 .Thank you.

[stugots]

Benny, it doesnt look to me that you need much assistance, head down b.um up & she'll be sweet:)

[Lord Greystoke]

LG, why would you be in this caper with a target of less that 100% ??? Small returns are for superannuation funds where you have the privelege of paying fundies, governments, brokers and the rest of the hangers on !!!! Horse racing gambling is set up to achieve 100% returns.

DTM :)Barny, I was thinking more along the lines of how many times does Benny want to double his wad and if he is playing Who wants to be a Millionaire etc

Not the usual banter regards having to accept 5-10% POT absolute tops, although I will say that those who propose this probably know eons more about making this game pay, than I!

Cheers LG

[beton]

Beton, how do you treat fields full of 1st starters or lots of horses returning from spells, slow tracks etc, or apart from field size do you just go for it? Also, would it be fair to say your nett profit on turnover would be around 2.5%?
Cheers RP
Rather than ROI or POT look at return for investment and effort. You are restricted by what your bot can or can not do. Effort consists of reading a post that says it works. Doing some calculations that say it works (My original methods were too too cocky) Doing more research that says it works but some parts don't. Tweaking it accordingly within the parameters of the bot. Effort consists of loading the bot each day and pressing start. Thats it. Betfair posts its results and once I get more proficient at excel I will break it down further. Meanwhile it is 5 minutes per day and the best $2000 I have ever invested. If I started to drop maidens (they produce as much per annum but very volatile) or sort out the races then the effort would increase manyfold. I believe you have to live this life. I have more to do than turning over dozens of races to be in a position that you may or may not be better off. I am happy with my results.