Congratulations Bert. You must be onto something very novel if Today Tonight reported on you and by all accounts gave you a good report.
However I come from the old-fashioned school. I was brought up to believe that target betting was very much a "no-no" on horse racing unless the selections make a level stakes profit. Even then it could be risky.
Maybe I'm wrong, along with everyone else. There was a time when the earth was flat and to say otherwise was heresy.
Here are my concerns. Maybe you can enlighten me.
Target betting would win at roulette if you had a big enough bank. Bet black, keep doubling up after red comes and even though you are at a 3% disadvantage when you finally hit black you will be in front.
The casinos have stopped that. That is why they have introduced table limits.
I think an analogy holds between those casino table limits, which prevent target betting from winning, and the depth of the tote markets and bookie markets.
Please correct me if I am wrong. I would love to hear otherwise.
When I watch the roulette tables there are occasions when 15 blacks or reds come in a row. To my mind that means any tipster and any win betting selection method will at times have runs of 15 losers in a row and even more. The horses being selected would probably have less than the approximate 50% chance of winning that red or black has.
My concern is that a bad run will become self fulfilling in that all the people using the information and betting bigger and bigger to recover their losses will be betting against themseleves in limited pools.
That's much like the table limit on blackjack. Please corrrect me if I'm wrong. I'd love to hear otherwise.
Wishing you all the best, Bert.
The Catparrot.