I'm sure, Angel, that many of us are following your ideas with enthusiasm. Missed the first of the bets at Randwick (after a scratching); but was most impressed with the other picks!!

I'm not sure about the progression. While it does mean you are a winner when a winner gets up, the 'wipe-out" when it came would lose so much of what you have achieved ---- and it will happen!

Personally I would prefer just even stakes with an increase of outlay as the 'bank' increases. Thus today if you started with a $400 bank and bet 2.5% ($10), your bank would be now $77 + $72 - $40 = $109 (plus original $400 = $509). Next bets would be $12.75 (2.5% of $509). With such an approach you would not reduce bets after a loss --- you could sustain 40 losses after all.

Thanks for the interesting posts.