Thanks guys for the feedback although, as usual, it looks like I'm onto yet another loser.

RESULTS

TODAY
$25 Profit Stop/$50 Trailing Stop Loss -46.09
No Stops -14.57

TOTALS - 11 days
$25 Profit Stop +165.11
No Stops -108.91

Profit 15 Units (based on $10 per race being 1 unit and with 5% commission deducted)

Full Market Name Selection Price Profit And Loss Identifier
AUS / EFrm (AUS) 21st Dec / 13:58 R1 1815m CL4 2. Goldcat 0 0 First
AUS / EFrm (AUS) 21st Dec / 13:58 R1 1815m CL4 3. Underthebonnet 2.84 9.2 Second
AUS / AnPk (AUS) 21st Dec / 14:07 R4 515m Heat 6. Romantic Time 3.65 -5 First
AUS / AnPk (AUS) 21st Dec / 14:07 R4 515m Heat 8. Mr Defiant 4 -5 Second
AUS / Wyng (AUS) 21st Dec / 14:25 R3 1600m 3yo 4. Komodo 4 -5 First
AUS / Wyng (AUS) 21st Dec / 14:25 R3 1600m 3yo 12. Urban Rocker 4.4 -5 Second
AUS / EFrm (AUS) 21st Dec / 14:33 R2 1000m Mdn 9. Starlistic 4.2 16 First
AUS / EFrm (AUS) 21st Dec / 14:33 R2 1000m Mdn 4. Gesticulation 4.8 -5 Second
AUS / Mead (AUS) 21st Dec / 14:49 R10 600m Gr5 1. Pacquiao 3.1 10.5 First
AUS / Mead (AUS) 21st Dec / 14:49 R10 600m Gr5 2. Beau Brummell 3.4 -5 Second
AUS / Wyng (AUS) 21st Dec / 15:00 R4 1350m Wltr 6. Ocrikey 4.6 -5 First
AUS / Wyng (AUS) 21st Dec / 15:00 R4 1350m Wltr 1. Parthian 5.3 -5 Second
AUS / EFrm (AUS) 21st Dec / 15:08 R3 1600m Mdn 5. Mako Shark 4.04 -5 First
AUS / EFrm (AUS) 21st Dec / 15:08 R3 1600m Mdn 7. Dreams And Wishes 4.62 18.1 Second
AUS / Gawl (AUS) 21st Dec / 16:08 R6 2122m Hcap 3. The Catcher 4 -5 First
AUS / Gawl (AUS) 21st Dec / 16:08 R6 2122m Hcap 2. Rikbat 4.4 -5 Second
AUS / Wyng (AUS) 21st Dec / 16:20 R6 1600m Hcap 1. Above All 3.9 -5 First
AUS / Wyng (AUS) 21st Dec / 16:20 R6 1600m Hcap 3. Kiev 4.2 -5 Second
AUS / EFrm (AUS) 21st Dec / 16:28 R5 1500m Hcap 6. Man From Oz 4.1 15.5 First
AUS / EFrm (AUS) 21st Dec / 16:28 R5 1500m Hcap 8. Count Your Fingers 4.3 -5 Second
AUS / Asct (AUS) 21st Dec / 16:53 R3 1400m Hcap 2. Durrahmoore 2.78 -5 First
AUS / Asct (AUS) 21st Dec / 16:53 R3 1400m Hcap 4. Resetgold 3 10 Second
AUS / Asct (AUS) 21st Dec / 17:33 R4 1600m Hcap 2. Mac It Is 4.7 -5 First
AUS / Asct (AUS) 21st Dec / 17:33 R4 1600m Hcap 8. Ranchers Gold 5 -5 Second
AUS / Bath (AUS) 21st Dec / 18:40 R2 2130m Pace M 4. Double Tick 3.05 -5 First
AUS / Bath (AUS) 21st Dec / 18:40 R2 2130m Pace M 9. Laughing Game 2.98 -5 Second
AUS / Redc (AUS) 21st Dec / 19:23 R2 1780m Pace M 7. Macmillan 4.04 -5 First
AUS / Redc (AUS) 21st Dec / 19:23 R2 1780m Pace M 8. And Heres Johnny 3.95 -5 Second
AUS / Ball (AUS) 21st Dec / 19:39 R3 450m Gr5 8. Whodat Lass 4.16 -5 First
AUS / Ball (AUS) 21st Dec / 19:39 R3 450m Gr5 5. Risk It All 4.7 -5 Second
AUS / Dapt (AUS) 21st Dec / 19:46 R3 297m Final 5. My Girl Mawbo 4.5 17.5 First
AUS / Dapt (AUS) 21st Dec / 19:46 R3 297m Final 7. Star Gun 5 -5 Second
AUS / Redc (AUS) 21st Dec / 19:50 R3 2040m Pace M 4. Miss Abbey 4.2 16 First
AUS / Redc (AUS) 21st Dec / 19:50 R3 2040m Pace M 3. Black Cruiser 4.55 -5 Second
AUS / Asct (AUS) 21st Dec / 19:58 R8 1100m Hcap 4. Sky Balloon 4.1 -5 First
AUS / Asct (AUS) 21st Dec / 19:58 R8 1100m Hcap 2. Cool Corona 4.7 -5 Second
AUS / Kilm (AUS) 21st Dec / 20:03 R4 1690m Pace M 9. Tallyho Bromac 3.9 -5 First
AUS / Kilm (AUS) 21st Dec / 20:03 R4 1690m Pace M 11. Nickle Miss 3.85 -4.99 Second
AUS / Laun (AUS) 21st Dec / 20:08 R5 1200m CL2 1. Arties Spur 4 -5 First
AUS / Laun (AUS) 21st Dec / 20:08 R5 1200m CL2 3. Los Skybo 4.5 -5 Second

Any updates on this, i like the idea and would like to give it a try.

Another $44.44 loss yesterday so I haven't bothered doing it today.

************** have a system where they throw the fav. out and back the next two to make x amount called the $100. per day plan.i think you can get the original plan for free from the website.

I'm not sure about that one oldtimers.

This morning, before I saw your post, I went through the stats for all 12 days of the "system" to see if I could figure out what was going wrong. Now, I know, 12 days is stuff all and I've had systems before where they just turn around mid-stream even though it has been going well (kinda like this one I suppose), but I thought I'd look into it to see if I can make it fit (even though it will again probably turn around and go AWOL).

I came up with the following;
The total ongoing loss (not stopping) for backing both the 1st and 2nd faves when they were within 3% winning chance was -153.35.

I looked at just the 1st fave when the normal rules were met +114.09 (with 5% commission deducted). MMmmm.
I looked at just the 2nd fave when the normal rules were met -218.50 (with 5% commission deducted). MMMMMMmmm.

What if I use the same conditions and instead of backing them both I back the 1st fave and LAY the 2nd fave. Although I haven't got the lay figures if I take off 20% of the back price which I think is probably too much for the 2nd fave (with 5% commission already deducted) I end up with +174.80.

Sssoooo, when all conditions are met;
Backing the 1st fave & laying the 2nd fav would of produced;
+288.89 profit (using $5 level stakes on both back and lay bets over the 12 day period).

As I said previously, I have NO idea if this will work long term. I was trying a system for nearly 3 months that seemed to go alright at the start but just turned around and gave back any gains so, for sure, that's what's probably going to happen here as I can't see the 2nd fave losing, as much as it's done in this testing period, throughout the year.

Talk about manipulating the stats to suit my own purposes.

I'll give it a go today and see what happens using the exact same rules as originally posted (Gallops, Harness & Greyhounds, provided the 3% rule and the max $4.50 for the 1st fave is used) and betting all day and night (no stops at this stage) but of course backing the 1st fave and laying the 2nd fave. What could possibly go wrong?

i have not ,as yet tried the $100 per day plan,but based in the book it works on the fav winning less than 30% of races and you just keep going until you reach your target.it does not chase losses as such,but make your own mind up on that. it also states that it was used every day for 3 months and never had a losing day. cheers