Well Puntz, here is one possible answer to the "next step". The next step is to compare the losses on the losing streaks against the profits made on good days and see how it all finishes up.

Lets say we have to survive for 8 to 10 days to make enough profits to cover a 30 plus (an approximate $1500) losing streak. Set the rule to stop at $1500 outlay lost.

What sort of strike rate would be required then to theoretically survive? Goodness this is getting complicated. But we all LOVE it I know hehe

Thanks for the link to the losing streak simulator Bhagwan. I think it confused me a little with the two columns of results though. Can you please explain this for me?

So once again to play with examples say over about 1000 bets we see a result of one losing streak greater than 30bets or $1500 so we cop the loss. On the other good days we make $8,000 clear profit.

Stats say that we should have had more than one 30+ losing streak over 1000 races.

Based upon the above tho In theory that means we could have still made a profit after suffering 3 or 4 incidences of 30+ losing streaks.

Am I on the right track here?

[ This Message was edited by: cameron398 on 2003-10-28 15:29 ]