Spreading the loss looks like an interesting idea, but i still don't like trying to make a set profit.

Using this type of selection process and following runners you are going to back your fair share of 20-1 and above runners and a number of these will win and since this whole idea is based around finding that winning run i would hate to have only a small portion of money on it when it wins.

You are better off working out what funds you need to follow a particular horse, this will then decide the bank you need to follow your stable runners and as money becomes available via winning selections you can add more runners or increase the stakes on new runners added to the stable.

If you wanted to employ an idea like the loss sharing you could add each weeks new selections to a new pool, week 1 might have 4 runners week 2 might have 7 runners and so on.

Doc's Donkeys - Saturday December 8th
 

Friday Night Results
SR 5 no 1 - Art Thou Ready (Target $10) $2 Bet @ $6 – np – Target $12
SR 7 no 4 - Carmine King (Target $10) $2 Bet @ $6 – 2^nd – Target $12
Saturday
MR 4 no 1 - Tariana (Target $10) $1.9 Bet @ $6.5
BR 6 no 2 - Signified (Target $10) $1.4 Bet @ $8.5
SR 6 no 14 - Racing Heart (Target $10) $0.5 Bet @ $101 (Min bet allowable)
SR 7 no 1 - Madam Nash (Target $10) $1 Bet @ $12
SR 8 no 10 - Number One Gun (Target $10) $1.7 Bet @ $7

Cheers

Doc

Agree that if you hit a $20-1 winner your not gonna be happy your only winning $10, but on the flipside of that because your betting to win a set amount your limiting your risk. Your solely looking at the winning side of that bet, but you have to remember $20 winners are relatively unlikely to hit at least consistently, so you want to limit your risk. By having a set profit your betting a small amount on those $20 horses and a larger amount on the $5 horses who are meant to have a better chance of winning.

I honestly think thats the hardest part of this game sometimes and it's something I've learnt a lot from share trading. It's not always about how much you win, obviously this is where you get your profit, but limiting your losses as well is a big part of money management.

Obviously you know all of this Shaun, but your post just kinda reminded me its always a good idea to weigh up the amount your risking equally with what your potentially winnings will be.

I'm liking the loss sharing idea, i'd honestly give it a crack with loss sharing if I had the time and ability to track it. Guess i'd have to black book each selection so I could follow it until it wins.

If you are using a stable black book is the only way to go as you don't want to miss any runners.

I find the one from racenet a good service and provides an option to put in some notes so you could use it to keep track of wages or prices.

I agree Shaun.

I use the Racenet Blackbook all the time.

Notes make it a lot easier to sort the reasons why tou have blackbooked them.

Doc's Donkeys - December 8th Update
 

Saturday Results
MR 4 no 1 - Tariana - np
BR 6 no 2 - Signified - np
SR 6 no 14 - Racing Heart - np
SR 7 no 1 - Madam Nash - np
SR 8 no 10 - Number One Gun - np
Hall Of Fame
Nil
Hall of Shame
Nil

Current Horses

Gran Torino ($13.9)

Anelene ($10)

Art Thou Ready ($12)

Carmine King ($12)

Tariana ($11.9)

Signified ($11.4)

Racing Heart ($10.5)

Madam Nash ($11)

Number One Gun ($11.7)

Progress

Bets – 8

Wins – 0

Outlay - $14.4

Return - $0

There is one Metro meeting tomorrow in Tasmania but no qualifiers. I will update prior to Wednesday or if a H2F is nominated earlier.

Cheers

Doc

Keep it going doc.

One thing that happens on this forum, and is TYPICAL if punters in general, is that they give up if they're not handed everything right into their lap. Good threads go eerily quiet. They'll pay for a system and back it and give it up quickly only to proceed to another method of selecting horses, then they'll find their old system came good, so back they'll go and it starts losing again.

Patience ..... Logic ..... And A Little Tweaking will win the day !!!

Following a horse is logical .....

FOR) - It embraces the randomness of racing which kills most punters. AGAINST) - Finding the right method to choose a horse to follow is the tough bit.

Just a suggestion, why don't you cut your list off at say 10 horses to follow, otherwise you're going to have a list as long as your arm. I've got bundles of cash at the ready 'coz I like your selection method.

Hi Barny,

I have had computer/password issues so have been unable to log on for a little while. There were no qualifiers on Wednesday and none of the stable have had another run.

I'm happy ATM to keep going with a larger list. As this progresses, I'm hoping we might find a few little areas/filters we can use to tighten things up.

I will review this if our list gets out of hand.

The first change I have been considering is if we are hoping the value will come a few runs into the horses prep, we might nominate them as horses to follow but only back them on runs 3 to 6 of a prep......... Food for thought any way....

I will have the intitial contenders for the wwekend up later tonight.

Cheers

Doc