Someone who is unfortunately no longer with us, believed that he could stake the tipsters poll and win.
He published his nice results for a few years, until finally it went belly up.

These plans are fine for fun bets, and there's nothing wrong with fun bets, but ultimately you can't beat the house advantage unless the odds you get are better than the house is offering.

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Bhags, were not really bagging you mate (no pun intended) ,as you know despite what I said b4 I too have several cover to win plans,........ difference is that I know that I will have to be plain lucky to beat the book this way, but with the right breaks applied, breaking even is still ok for me.

I have a mate who grub staked his caravan business by backing no2 at Perth and no.3 in Melbourne (martingale), just so happened that every time he did it no2 (3) won at least once,........ pure unadulterated, "LUCK"