I've extended my sample to get an idea of the long term prospects of this mini system. I don't have hard figures. I mainly did it by eye, but it seems to me that, in the long term:

*If you bet win only, you'll go bust pretty quickly. You hit long runs of outs punctuated by small paying winners. After a while there are just not enough good paying winners to off-set the outs.

*If you bet each way you'll go bust slowly. Again, after a while the volume of outs exceeds the returns provided by the low paying placegetters. It will grind you down.

So, in conclusion:

If you are a fun better looking for a good day out, this system is recommended. High fun value and on lots of days you'll do well pulling in some wild and wooly winners. It is much better than following favourites.

But do NOT adopt this system as an investment strategy or your long-term betting strategy. You'll lose. I haven't worked out the gorey details. Don't need to. You can see the graph trends. You'll lose.

Hermes