Yes, and when it wins you'll be able to start a thread on a forum somewhere, with something like....

"Hello all, I wonder how many of you have dreamed of a betting system that is like being given gold for free. Well, I have it. I get fixed odds and I always finish in front. Since I started using this system, one of many I have, I've finished in front every time I have used it. Every time I hit a winner I'm a winner. They might be able to stop you at roulette with things like table limits and even banning you, but they can't stop me betting on a horse until I hit a winner and finishing in front every time I get a winner."

Can someone tell me why this thread is tagged "The Free Gold System"?

yes, still waiting on the 'system' part to rear its proverbial

or can i take it one simply doubles up on the fav until 'in front'?

merry xmas

Roulette is one of a casino's biggest earner. In the U.S. with the 2x zeros THE TABLE RAKES IN 5.26% advantage. Over the last 20yrs its been described as a "suckers game" by virtually every gambling authority.
To suggest that a casino has limits to stop your method of betting is a little uneducated on the casino front and i'm hoping you dont really think that & that perhaps it was due to your excitement. If you were to tell a casino your plans they would happily accomodate you. & happily take the tables 1.26% - 2.7% every time ( based on only the '0' & not the second '00' )
I think if you were to go into any casino & using the 'ABC'S -The Chasers war..." method of stealing some air time & ask over the loud speaker for all those hands up who were in here based upon >> walking the tables until you see 8 in a row of black then doubling up on red until you won"....a dozen hands would slowly rise.
Go in a month later and you would be lucky to see any of them still doing it.

The casinos still have roulette
Its one of their biggest earners
The table limits are there until you ask for a higher limit in a different room where the better trained staff can accomodate you.

I dont agree or disagree with your methods. Even this system i'm trialling on this site wont show more then 2 losers in a row place betting. I know you may not be refering to place betting & it requires more of a bank behind you but 2 losers only then a winner place betting at $1.40 or $1.50 isnt alot of money going with your betting strategies anyway.

im sure the faster this goes away the better....... Keep your 'winning system' to yourself and good luck. Theres plenty in here who are very very green when it comes to basic system punting and dont even believe its possible. When you 1st spot them it becomes more obvious everytime they post they just dont grasp the whole thing. They are in here to learn.....some more then others. I am in here to further my learning and to see how a few are also going about it. Unfortunately theres 10% who are and 90% who are not. I enjoy the posts of those who are, which is why i come back.
I am a semi pro who bets 6/7 days a week and earns a good living from punting (i mean more then i can earn in unskilled employment)......however i can post in an instant quotes from 3 regulars in here who claim i cant be making a cent betting how i do. They even dedicated a half a thread to it once! Yet I havent found a thread....anywhere.... from 2 of these 3 to have ever claimed they are makin money from punting.
--------------------------------------------------------------------------

Pengo
You must be kidding on the ownership thing??? When you get bills in the mail, which it doesnt sound like you ever have......it hurts!
go to http://www.anthonycummings.com.au/purchase.asp

no reason why i picked it other then its a link on racenet that i visit daily & that Anthony Cummings is a master at picking value horses...backed up by anyone thats read the might and power book too. His father and he would be our leaders in picking horses on expected ability and not price. Scroll all the way through this list and keep in mind theres no better value for money buyers around & look at the results.

A $1.40 for a place when the proper odds should be $1.20 is not bad.


Small Christmas gift to those who don't know, (probably very few?)
If you are a place bettor look at the win/place ratio and if it is better then it should be, go for it! maybe even for each way!
Example: win $3.10 place $1.50. Win $6.20 place $1.90!!
As to turn a losing system into a winning one by staking!? Logically, and mathematically it's not possible, all you can hope for is luck! That's gambling not punting.
Good luck

That quote is just wrong.

It is possible both logically and mathematically.

For most systems/selection methods it will not work. I can agree with that statment but to put a blanket on it saying it won't work is incorrect.

If you have a high enough strike rate and the odds show a loss at level stake you can make a profit ising a progressive staking plan.

Mathematically it is always possible as there is no theoretical limit to how much you can bet.

Logically 99% of people stuff it up because they don't understand the risks and how to minimise them. For those that spend the time looking can make a nice profit. For the others who just say its not possible well that is too bad for them. If you play with it for a while you can see what the problems are ( ie large loss after x bets) and you can come up with solutions to them.

Good Luck.

Yes, it can work, but eventually the odds will catch up.
If they don't it is clear that the better staked selections show a profit.
If one can find them, why bother staking?

Correct
Correct

Well written Wes.

If you were to line up 50 systems that were based on a good selection criteria, that was winning, on a unit for unit basis
V's
50 systems that were based on a selection criteria that couldnt win, on a unit for unit basis, & needed staking intervention to make profits.........

Then its obvious to say that when reporting back in 12months time the first 50 would still be there....as in all 50 of them making profit, 100% garuanteed.
Only probably a few of the 2nd 50 would be there, only because of street wiseness by the operator and a decent bank.

its not impossible as youve stated....it just lacks long jevity.

My beliefs from readings & hands on >> are those that use it only do so because they dont yet have a winning unit for unit system & although they know its risky have no other choice. Those that do have a unit for unit winning system will never, ever tread those waters.

The risk in staking / doubling up / retreiving .....is soley on a user pays system >>> if you have to use it to make profit u risk paying a hefty price. If you have a unit for unit system, you dont need it, then punting is very much a risk free environment.

Prove it!

Its good to see I am now getting supporters here of my betting system. Because yes. It can be done. High falutin theory doesn't work in the rough and tumble of REAL betting. What WORKS is practice. DOING. Not pretending. Not saying "It can't be done" in theory so I am not going to attempt it. All I need are my great system selections, deciding whether or not to back them when I see what they are and the betting, then staking them right. I expect to be a winner again today. Now all those who say it can't be done, I hope your all winning or as usual is this sour grapes from those who cannot do, so they say it cannot be done?

If you are going to be a winner today how about listing a couple of your selections now, to prove you aren't all talk ?

cant be

if you find yourself desperate enough to follow a 'loss making system' which you believe can turn a profit by careful staking, ill put you on to an old mate of mine, one of the worst gamblers ive ever know & his simple philosophy? just keep doubling until in the black or pockets are empty, seen him win & lose small fortunes in an afternoon. turnover $5k to win $50? yes real, real clever that.

he has finally has seen the errors of his ways, & all these loss chasing schemes are just variations on the martingale & as such cannot work in any way, shape or form. the real tragedy for devotees of this rubbish is that its just not necessary, & many of these poor suffering fools have convinced themselves that it is the only way to beat the punt. ha!

instead put your energies into developing that selection method,mechanical or otherwise & aim for a paper return of at least 20-30%, you will need it as the realities of the punt will drag that number down by at least 1/2

& finally there are methods that do work, the price you pay? time, lots & lots of time

gold system
 

i remember about 30 years ago meeting a fellow that had bought "the gold system" . it was based on an american idea which randomly has a lot of appearl but would test the commitment of the user. i never used it but it may actually work.

this system was simply to back the longest priced last start winner in a race.


that is all.
if you recall over the past spring carnival a few bottlers got up.

and i suppose they get up every day. i recall over the past month i have backed trimvision twice at double figure odds (west aust) after he won the start before.
(not based on the gold system) i think trimvision has won 4 on end now the last as a short priced favorite.

Give us a break mate [look at meee, look at meeee!].

We don't have ********ing competitions here.
Consistent winners have no need to brag. Any idiot can get onto a forum and drone on about make-believe success at anything. It's another thing to prove it. So either stop skiting how big you are and show us the goods, or go elsewhere to attract the attention that you [obviously] crave.

You have missed my points. All you need to do is develop and refine a sound betting system - it DOESN'T MATTER if it makes some small loss like 1% over 100 or 200 bets or whatever when you are developing it because that is statistically irrelevant over 10,000, over 50,000 bets and if you wait that long to use it you'll never have a bet! lol rofl Anyway, any small POT loss should be improved upon by not automatically backing the system's dud selections and getting decent odds on what you do bet and also watching the betting with a smart eagle eye. Not automatically taking TAB starting price. lol Now you have your system all you need to maximise your rewards is a decent staking plan. Simple really. And NOW you have your Free Gold Betting System. I reckon the SMART punters, the WINNERS, will know what I am talking about or at least NOW seriously have a think. Winners debunk theory. WINNERS DO.

Givin me a headache....not to mention the amount of times i have unsucessfully 'unsubscribed' from the thread only find my inbox full.


Heres the deal >>>

1. We do understand your theory
2. We just dont agree to it....long term becasue it probabaly doesnt run hand in hand alongside our own selection methods where we can win without the risk of staking / catch ups.
3. We now presume when you said "free Gold System" you were only suggesting the staking method .....and not a selection method + staking method together which in my books consitutes a 'system'
4. Unless your going to supply or post selections + stakes on an ongoing daily basis we wont agree or listen to 'claims' with open ears. Its that simple...& i'm sure you agree thats fair enough.
5. We will go away presuming you are making money ....for now.... on your methods.

'we' = i presume this is what most think ?

can we end it yet?

Test for progression staking
 

Ok! to put at least my mind to rest over the staking question, I am going to test it on the favs.
I was going to test level betting and also doubling up after a losing bet.
While I'm running this it would be just as easy to test other staking plans.
If any of you have a fav. staking plan put it up in reply, or if it's secret you can email me. It can be as complex as you like but you have to put it in a form that I can understand, I never used staking! Baghwan posted a few but, mate, I haven't got a clue what you meant by 11121223 (just an example, not what you posted) etc.
Something along the line of: bet one unit 3 times if no winner found then bet 2 units 5 times if still no winner found, then revert to 1 unit or 2 unit if winner found.
Or 1 units if odds $3.00 or more 2 units if $2.50, or double the previous bet if <2.00 etc. you can make any combination, I can code it, so long as I understand what you mean.
If no takers (deep in heart knowing it can't work) that's OK too, at least we all agree it's a crock.
Cheers

the gold system
 

e.g. miss badoura $12.60 not a bad start.
perhaps we should leave it at that for the day.

And what post would that be in ?

There's no sour grapes mate, you are trying to convince the rest of us who know better, and it just ain't working.
Been down that road many moons ago in theory and in practice til I was slapped about the head with reality by someone else.

By all means have a go if you reckon you can crack it, was just trying to save you some heartache.

But it will only ever work on a temporary basis and then all come crashing down like the thousands before who tried and failed, because it just doesn't add up.

Chrome is right. If he wasn't, every bookie and Casino in the World would be out of business!

Still, gullible mug punters line up to believe in and even buy, loss into profit 'gold' systems, sprouted by rogue system sellers and 'faith' believers, who really do believe 2+2 =5. Bookies and Casinos really love this lot of dills.

Thats an interesting idea, based on the stats on winners and their final odds this might be profitable. I'm going to try it "on paper" over the next couple weeks and see how I fair. I don't know if you saw my thread but I tracked the winners and their final odds from Dec1-Dec22nd and found that there were quite a few winners with odds of $26. My logic being that its worthwhile because if you bet 1 unit, you only need to hit every 25th bet for it to be profitable.

The BESTEST GOLD SYSTEM EVAR v1337

Selection Criteria:
. Last start finished 1st
. Showing the highest odds for a win, using IASBET Fixed Price Win.
. If more than one selection, bet on both.

CAULFIELD
Race 6: 13-TAOS PLEASURE (2), $41. (LOL!)
Race 7: 5-OUR SPUR (1), $26
Race 8: 14-ETON (2), $9.00

--------------------
Go for Broke Gold System v666.

Selection Criteria:
. 3 selections (where possible)
. Last start finished 1st
. Showing the highest odds for a win, using IASBET Fixed Price Win.
. If more than one selection has the same odds, select one more horse with the next highest odds.

CAULFIELD
Race 6: 13-TAOS PLEASURE (2) $41, 1-COCINERO $11, 12-STAR ROSE (7) $9
Race 7: 5-OUR SPUR (1), $26, 4-YOUTHS EDGE (8) $15, 10-LECTRICE (9) $9
Race 8: 14-ETON (2) $9.00

Lets see how we go!

Star Rose to win !

Nope! but one of the selections did come in.. Will post the final results etc after race 8 has run.

CAULFIELD RESULTS
 

The BESTEST GOLD SYSTEM EVAR v1337
CAULFIELD
Race 6: UNPAID
Race 7: UNPAID
Race 8: UNPAID

Bet 3
Return 0
P/L -3
---------------------

Go for Broke Gold system v666
CAULFIELD
Race 6: 1-COCINERO $11,
Race 7: UNPAID
Race 8: UNPAID

Bet 7
Return 11
P/L 4

-----------------------
for my information :)
Race 6: C NEWITT/ROBBIE GRIFFITHS
Race 7: D NIKOLIC/RODNEY DOUGLAS
Race 8: DEAN HOLLAND/ROBERT SMERDON

take it quietly i got miss badoura and cocinera i missed out on lectrice and our spur.
but was okay day.
but i wouldnt be taking short odds on anything many horses are not really likely to win two in a row.
son of spartacus and ima khan in bunbury were under the odds and bits of hacks.
sydney was a poor meeting didnt bet.
let adelaide r7 go as too difficult only listed last start winner was green machine and he qualified in 2004 which was too long ago.
bet of the day was cocinera with a last start listed win to his credit.

if you rekon a horse is unlikely to go 2 in a row, would it be better to look at horses that have placed 2nd, 3rd and firth? Maybe look at the margin they lost by?

Is it perchance that you are slowly approaching handicapping maybe?
If so, Welcome brother, and may the form and class, guide you to your financial dreams.
Good luck

Iomeca,

Favs return around 86-90% with a strike rate of around 30%. I do not know any staking method that could (in practice) turn that type of loss with such a low strike rate into a profit. That would just be crazy.

But progressive staking plans do work with some systems/selection techniques (even if they are showing a small loss).

Good Luck.

It is actually "LOMACA" in lower case.
Wesmip1!
I will not argue about it, the case was made as far as I understood that "a losing system can be made profitable by staking methods", sorry it cannot be done!
Now I read that some can be turned around, sorry (unless they sometimes win sometimes lose, but overall they are in profit), that is also untrue.
If you take the only valid test, that is, bet on every selection, never stop if in front, never miss a bet, if the system is a losing one, in the end you will lose no matter how much or little you bet.
Luck may favor you and you will profit for a time but eventually the crunch will come, or the crunch comes sooner than expected.
As far as I can see, if you can make it profitable by manipulating the method by stopping when in front, or betting different amounts, or not betting on some, then it will work on level stakes too, meaning it was in the + all the time you just did not see it.
But never mind, each to his own.
Good luck

I concur.
You cannot make 10 plus 8 equal 20 in the longrun.
You can fake it for a brief period, but 10 + 8 will aways equal 18 and not 20.

Sorry I'm new to all of this, i thought handicaping was just to do with making a horse carry a heavier weight, to give the other horses a chance.

Do you look and 2nd, 3rd & 4th finishers in their last race and what lengths they were beaten by in selecting a horse? Then if its showing value with the odds its paying you'd back it? So basically you know you won't win every bet but because its "good value", when it does pay it makes up all loses and then some?

Well I've been slowly working my way towards that sort of selection system, am I on th right track? What lengths beaten by is acceptable, 1? I'm guessing 1 length is the length of a whole horse? If its beaten by one whole length surely that bad?

Pengo, there are a lot of variables when it comes to handicapping, you have to take the whole race as an entity and measure each horse against the opposition, rather than just rating each horse solely on past achievements.
Of course, you have to measure each horse, but it is in context of today's race.

For example, 1 length beaten is quite good depending the class of the race, the distance, the barrier the opposition, the settling position of the horse and whether the horse was running home or fading at the end.

It is a complicated matrix of variables.

the item that i was talking about was the "gold system" it required the horse to win its last start.

as i only bet on listed horses i restrict myself to those.

i have found that horses that have a long period since qualifying in listed company have a poort strike rate and winning two in a row is unlikely.

if we extend the system to 2nds and other placing then we are onto another system.

however restricting it to just listed horses is a downside as many horses on the up win from restricted class into city class and then win at good odds.
but i would trust this to older horses.

in my previous post i accidently said i would trust this to older horses i meant i wouldnt trust older horses to win two in a row but then again thats why we look for the fluke result isnt it.
so i wouldnt take short odds.

That system does work, because the odds are greater than the strike rate - simple really ;)

Staking
 

Hi!
I ran some tests over the past results re. favoreds winning and losing by staking.
Found some interesting facts.
Stands to reason that level stakes bets are losing.

If you multiply your successive bets (after losing) by less then ~1.6 you will still lose!

Now this number will change with strike rate and avg. odds and only applies to TAB favs.'s strike rate and return.

If you multiply your bets over the 1.6 mark, in the end you will win, BUT you can be down as much as -$751.00 and your next bet is $450.00 (this is on a 1 unit base one month only)

If you go to double your bets after losing, it becomes impractical because the losses can be huge, and the largest bet to recover, be over $16000.
It would ruin the odds, even on a Saturday, and placing it with other than the TAB well nigh impossible.

So there you go folks, if you are game enough and want to have a go at the favs. and have plenty of money to tie you over, keep in mind that magic "1.6" multiplier.
It's a fine line between trying to win more and able to finance it.
I personally can't recommend it, the risks are just too great.

Anyone silly enough to bet $751 to try and win a tiny profit deserves to lose for sure.

Important clarification
 

Before anyone gets carried away by "win", I meant: from time to time you will be way ahead (in the +) but so will you be behind from time to time (in the -).
But in the end you will lose!!! How you manage to stop in time and start again may actually give you an advantage for a long time, but if you make a mistake it can also ruin you.
I am sure it is all just theory, because no sane person would risk the amount of money required, nor would anyone around here have the bank to do so!
If I'm mistaken and you have the bank, and take the risk, then it's upon your head!
DON'T blame me!!! I warned you!!