Punters Club Dilemma
 

Hi All

My mate is involved in a punting club at his work.

It involves everyone chipping in $20 a week, with about 20 people involved.

The club has also invested in a "tipping service" to assist their selections.

So they have say $400 a week to punt on anywhere between 1 and 5 selections.

We have had a bit of a debate about how to bet those selections..... I said I'd post it on the forum and then he can read through other peoples suggestions and make up his own mind........ some of the posibilie methods being (approx):

• Level stakes i.e $400/selections = bet amount
  • $400/4= $100 win on each horse
• Level stakes on max number of bets to be placed:
  
  • no more than 5 bets a week
  • $80 only bet per horse
  • additional being banked
• Staking by ratio i.e. PP odds =
  
  • $4.50 (28%=$114),
  • $5.50(34%=$137),
  • $2.50 (15%=$63),
  • $3.50 (21%=$86 )
• Staking by relative odds i.e. PP odds =
  
  • $4.50 (1:1.2=$80),
  • $5.50(1:1=$66),
  • $2.50 (1:2.2=$147),
  • $3.50 (1:1.6=$107 )
• return needed $100 then increased to exhaust funds, i.e. PP odds =
  
  • $4.50 (100/3.5=$29, therefore to exhaust funds = $74 (would return $260)
  • $5.50($100/4.5=$22), therefore to exhaust funds = $56 (would return $260)
  • $2.50 ($100/1.5=$66), therefore to exhaust funds = $168 (would return $260)
  • $3.50 ($100/2.5=40) therefore to exhaust funds = $102 (would return $260)

FAQ's

• Yes he may have been silly to go a tipping service
• No it's not me
• The strike rate is approx 30%
• POT approx 29%
• Service only tips dead or better tracks

Thanks in Advance

STIX
 

Hope the service was propun.

If betting with a bookie go for "to win X amount according to price "

Cheers.
darky.

For all your help, My friend thanks you all from the bottom of his bottom.... (except Darky)...... and he also said he's glad he never joined this forum (which is a shame because this ain't such a bad place..... )


(Thought a few more might have helped him out, now he's stuck listening to me again..... )