Just for fun I thought I would have a look at this to see how bad it would go. I used Tabcorp prices to determine the favourites and looked at the main Victorian meeting each day for last calendar year which gave me about 2500 eligible starters (ignoring those less than $2.00 at the jump). From Jan to the 23rd of June the bank increased from $5000 to $6800 with a few scares but then it started to go wrong. By the 1st of July the bank was back down to $6200 so target was up around $620 and divisor of 4 (so $155 bets). The 2nd and 3rd of July had 1 winner each - problem is the winners were not big enough to recover the losses but did keep the divisor sitting on 4 or 5 so the bank was down to $4000, target nearly $3000, divisor 5 so nearly $600 bets. 4th of July again had 2 winners to keep divisor low but bank $2500 and target $4300 (bet size $878). 5th July broke the bank with a bet of $1053 required with only $600 left in the account (that bet lost).

If you assume you kept topping up the bank then the lowest bank reached was -$34711 on the 8th of July (divisor of 4, target $40000 so $10000 bet required!)


QUOTE:
One needs a big bank so as to keep focused of the job in hand .
Otherwise one can easily loose their confidence.


If you have any confidence in this loss chasing scheme you had better "loose" it now otherwise you will destroy that big bank you have

_________________
"Computers can do that????" - Homer Simpson

[ This Message was edited by: becareful on 2003-06-04 16:32 ]