Double your bank every seven days.
 

Is it possible? Sure it is and here's the way to do it.
Set up a bank ( let's say $100 but it can be smaller ). Lay any horse in a race whose BF price is between 40.0 and 99.0 for a liability of $100. In Oz races I would not lay first uppers, first starters, second uppers or topweights ( thanks RP ). When you achieve a profit of 10% you quit. Tomorrow you start with a bank of $110. If you don't wipeout in seven days your bank will be a minimum of $200. From my experience wipeouts will be rare.
Now here's the second part of the money management plan. When your bank doubles you put 50% of your profit into a reserve bank. You start week 2 with a bank of $150. If that doubles you have another $75 in your reserve bank. When your wipeout comes you start again with a portion of your reserve bank. What portion you use would depend on how many times you have doubled your bank before the wipeout.

My bank has just increased by 11% and my bot has quit for the day. It took 7 races and 7 seven horses were laid in total. 3 of the 7 races did not contain a horse which fit my criteria.

Got a name for this one yet Speedy?
Maybe "The Speedysaver" or "Benforyourbank" ?
You'll think of a good one.
Cheers RP

##

10 Speed Pickup ?

LG

How about the Seven Squared plan?
OR
Bahamas or Bust

Hi SpeedyBen,

Any reason to stop once 10% ahead?

If you have a long-term edge laying in this range, wouldn't it be better to let it ride all day?

Queue Bhagwan's 'Law of diminishing returns' in the latter part of the card.

Welcome back Schmiley. I dreamt about you the other night - a worry!*

LG

* no, not in that way (thankfully). As it happened.. I broke into your house (mansion?), let myself out again when you discovered me, knocked again.. whereupon you let me in and we ate a meal. You had a mate present at the time, just to put you at ease on this! Pen a ditty to that one, son?

I don't know the answer to that one. I believe fewer wipeouts will occur early in the day but it's only a theory.
If you are a real thrillseeker you could run it all day and do the liability adjustment whenever the bank increases by 10%. You could easily double your bank in a day and then adjust the reserve bank accordingly.
Sort of Seven Squared on Speed.

I'm already scribing as we speak my good man!!!

What a cracker!! Ha ha

Good to see you're still well and truly IN FORM LG!!!!

Straight off the middle of the willow!!!

Welcome back TS!

Cheers Chrome Prince!!
 

Great to be back!!

I have just had a look at the noms for Saturday and am very excited!!

I hope all is well in your universe CP!!!

Just looking at your running total of !!!... if it's anything to go on, I would venture that you got some serious 'leg over' on your adventures.

Giddy up.

LG

On the money again LG!.............:D

Seven squared on speed
 

I set my bot loose to try to increase the bank by 100% on the UK races last night. It achieved its target in 170 minutes. There was only one scare which fizzled out before the last hurdle but I prefer the softly, softly approach of trying to pick up a smaller %. I may set the bot to try to increase the new bank by 25% or so in the UK. Anyway, there is now 50% of the original bank in the reserve bank.

Seven squared update
 

Today's 10% increase was achieved in 80 minutes with horses laid in 4 races in that time.

Pennies from heaven...
 

It took 7 long days for the Good Lord to do his work and 21 short sessions to crank my bank up +115%

I must be getting old

Cheers LG

My crash will be spectacular, My Lord.
I did suggest to the lord that he wasn't meeting his kpis but he told me to go forth and multiply. I assumed he meant my betting bank.

I might give a version of this a try SB. I just looked at possibly doing it in the following way:

Starting Bank $100

Each time you make profit equal to your starting bank ($100), 60% of that profit (instead of half) goes to a reserve and 40% goes back into the betting bank.

By my calculations it would take just 5 cycles before your reserve equals your betting bank and starts to surpass it.

Anyhow just another idea, i'm sure this could be tweaked in any number of ways.

Seven squared update
 

After 4 completed days the original bank has increased by 57%. The power of compounding will see the bank doubling comfortably in 7 days if there are no wipeouts.
Slightly better than bank interest.

can i ask what bot you are using?..I have am trialing betsender at moment

Maark
It's a pretty unsophisticated one called GHB Lite. If you are trialling bots The betengine is one with a lot of features for about $15 per month. I think they give a trial still.

thanks for the info.i will have a look..good luck with the system,it is simple and seems effective.

It's skating on the edge but if the bank doubles a couple of times it should be ok. My theory about getting in early paid off today as there were a couple of longshots later that I would have laid under the rules.
It's only a fun thing for me and it does give me a sense of achievement when it hits its 10% target without mishap.

Seven squared update
 

After 5 betting races today the 10% target was achieved with a bit to spare. The bank has now inceased by 74% over 5 days and is well on track to double within the projected 7 days.

Speedy, do you lay all between $40-$99 each race, or select one per race?

JB
I lay all except for the exceptions listed in post #1. The exceptions are those which are most likely to win at long odds, IMO.

After a scare in race 2 at Newc the 10% profit was achieved safely. The original bank has increased 95% after 6 days so the 100% increase in a week only needs one success tomorrow and it will have been achieved.

GO SPEEDY!!!
 

Have you checked results in later races?

This could be your ticket to the PENTHOUSE my good fellow!! :D

It's a hit and run method Schmile. There were two winners late in the day a couple of days ago that would have sunk me. I think the early races are less prone to upsets so I won't order the penthouse yet.
I really wanted to show that a gambler could double a bank in 7 days and if there is one success tomorrow I will have done that. There are not many ways of doing that so it's two fingers to Senator Xylophone.

Should think there would be quite a few smiling faces out there thanks to your suggstions on how to operate, Speedy. Let's hope it keeps up.

A question if I may:

What do you use as your optimum time for laying? I have been using the B/F 'projected SP' figure close to post time which seems to be working fine -- I guess it really does not matter....the old swings and roundabouts!!

Thanks Merriguy. Much appreciated.
With the sometimes thin Oz markets I set my bot to lay at 10 secs before jump time and to keep checking the prices until the race starts. I agree with you that it probably doesn't matter much.

Speedy, I think that as Club President, you owe it your patrons, to let them know, with the compounding used in your staking plan, that by September they will have made enough for a RTW Business Class ticket and $10,000 cash.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Amounts over $10,000 must be declared to Australian Customs!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Week	Stake	Return	Bank
1	$100
2	$150	$50	$50
3	$225	$75	$125
4	$338	$113	$238
5	$506	$169	$406
6	$759	$253	$659
7	$1,139	$380	$1,039
8	$1,709	$570	$1,609
9	$2,563	$854	$2,463
10	$3,844	$1,281	$3,744
11	$5,767	$1,922	$5,667
12	$8,650	$2,883	$8,550
13	$12,975	$4,325	$12,875
14	$19,462	$6,487	$19,362

Have a Great Day to you and yours....lol RP

I'm not sure you will be able to get $19,000 liability matched there RP in that price range but you never know I suppose. :D

What're you saying now TO, we've got to fly Economy.....???????

NO WAY!!

Speedy might just have to modify his staking plan to plateau after week 11, so it'll take a week or two longer....All right then, I'll book the flights for the end of September. The quicker the better the way the $ is sliding.
RP

when you say you bet early,do you bet on maidens?

edit..forget i asked.i just found the answer on RPs longshot thread
:)

El Presidente
 

Since i've been elected Pres by RP my first act is to make the good Senator ambassador to Afghanistan.
My second is to allow online betting on sports.
Since most presidents seem to have enormous palaces ( President Gore, for example ) I'll have one built on the banks of the Swan (including the obligatory pure gold taps).

Mission accomplished
 

After the 2nd at Hamilton today the bank has doubled in 6 days + 1 race on the 7th day.
Quod erat demonstrandum

Well Speedy, you might have got out in the nick of time. I was just hit by Princess Madeline R4 Hamilton BF$75 L3S 818, One of the 1% !!
It's going to be a loooong day.
RP

High-weight handicaps? just my opinion but you would do well to steer clear.