Before I give you the amount you should be betting I would make the following observations...

A. I would forget about place betting and use your whole bank to follow the win bets exclusively.

B. On your figures for the win, you should win $55.89 for every $100 you outlay if you are betting flat stakes, as follows;

100 bets @ $100 outlay = $10,000
Return = 28.5 times $547.00 (Tote div. of $6.47 is $5.47 to $1.00) = $15,589.50
Profit = $15,589.50 - $10,000 = $5,589.50 or $55.89 for every $100 of outlay.

Now, as to how much you should bet... are you sitting down ?

Your stake should be 15.4% of your progressive bank and assuming a starting bank of just $100, after 100 bets the situation would ( should !!! ) be as follows;

Your bank would stand at $34,617.27
Your profit would be $34,517.27
Your average bet would have been $1024.33
Your next bet would be $5331.06

Now, after almost 50 years of experience, my advice to you would be to follow your selections on paper for at least 12 months, preferably 2 years, because 2 months is nowhere near enough of a time frame to draw conclusions about what should, statistically speaking, happen in the future.

Maybe you have access to past results, which you could check your selections against to save time and begin to make your fortune that much sooner.

Also, to get a more accurate idea of average winning dividend, I would take out of the calculations the top and bottom 10% of win div's and find the average of the remaining 80%.

Finally, the 2 Golden Rules of that highly volatile Investment Portfolio known to one and all as "The Punt".....

Rule 1. NEVER NEVER NEVER NEVER bet more than you can afford to lose, and

Rule 2. See Rule 1.

Regards to all,

Gerry