hi good 4th and chrome prince, I to have followed this system from 14th April exactly as written. My loosing streak has been 5, although today had 5 selection with the last one just winning now - Border Control, I have also capped my pre post price. my results so far:-

14th april - 4th may 3 weeks
sun-fri 36 bets =
win x 17, return $83.35
place x 23, return $42.70
sat only 14 bets =
win x 6, return $24.15
place x 10, return $19.20

The biggest return was on 29/4 bunbury R7-7 Tactarki at $9 pre post, and returned $13.43. ($7.40 tab) my results are NOT tab prices.

Results from 25th april - 5th may -from 15 days to 21 days only
11 bets @ 6 wins $25.75, 10 place $17.70

Results from 25th April - 5th May - all distances - seperate from above-
11 bets @ 2 wins $9.00 & 5 places $9.50

so far so good.

p.s. actually always slick was the biggest winner on 21/4 was $5.50 pre post and paid $16.00


[ This Message was edited by: alblyn on 2004-05-05 18:50 ]

Has anyone got results for last start winners within 7 days

Hi good4th,

This is what I was getting at, 90% of your profit comes from only 2 winners.

Not saying that this won't repeat, just that 3 months data or 200 bets is dangerous ground (not enough).

I've run systems using only 3 months data before, showing 25% POT and the next 3 months turned a 20% loss.

I learned it was because of the imbalance of large dividends.

It would be interesting to know the average price of the winners and the same for the losers [without including any longshots above $10 as that would skew any average result].

Power of ten ? Great on paper ONLY.

Cheers.

Yep i thought this thing would fall over as i do believe all systems do fail.....
So what works?

GD4TH

I believe this type of system will always fail at level stakes in the long run, BUT, there can be some incredible profitable patches, I believe the trick is to capitalise on those winning streaks and ride out th losing ones, and hopefully make a killing when it comes.eg (very briefly) say you have a losing system but at one point produced a good run of 6/1, 5/1, L, 3/1, L, 8/1,
starting with a $30 bank and betting 1/3 of the bank (not reducing), this sequnce (which was picked at random)would have reached $1162 at the last winner. Lets say you have a goal of $1000, so now you revert back to the $30 bank and start again. Needless to say there is some frustrating times when there is 3 losers in a row after a good run, but sometimes there is a residue left, which then goes into the coffers.

By the way this idea is NOT my bread and butter, but I do enjoy mucking around like this with relativly small amounts to start.

Great plan if u could pick'em.

Is that maths right Party??? as i cant work it out to sum to $1162.

GD4TH

Rules.
Last start winner with C.

Lets see what happens Using the Power of Ten

Meet rc sel win odds
Rock 1 4 0 7
Rock 1 5 0 12
Rock 4 5 3.5 WINNER
Wag 4 12 0 40
Pt Ag 4 1 0 2
Rock 7 7 6.7 WINNER
Wag 7 9 6.7
Wag 7 15 59
Rock 8 3 3.8 WINNER
Bun 6 5 still to race.

Betting to target $20
Cost$31
Pot $24
Stop betting at Rock 7

Why does'nt this thing format proper.
Sorry its all messed up.

GD4TH

[ This Message was edited by: good 4th on 2004-05-06 17:08 ]

[ This Message was edited by: good 4th on 2004-05-06 17:10 ]

[ This Message was edited by: good 4th on 2004-05-06 17:12 ]

[ This Message was edited by: good 4th on 2004-05-06 17:15 ]

With the POWER OF 10 the recommended bank is 40 times the amount you want to win over 10 bets.
i.e If you want to win $100 over the 10 bets or an average of $10 a race then the bank required is $4000.
If the bets get hairy just add another maximum divisor or even 2 maximum divisors to bring the bet level back to whats comfortable for you.
Betting sensibly theres not too much trouble you can get into with this plan and I have been using it since its inception.
Cheers.
darky.

Good 4th, nah, that was a very quick mental calculation, can't be bothered doing it longhand it will be somewhere near anyway.
Needles to say the bet could be 1/4, 1/5, 1/6, of the bank whatever depending on the S/R etc.
Personally though I think it is futile to pursue a staking plan IF the basic method does not show a profit at level stakes over a long period.
Mind you that is only after me trying to make a loser into a winner using many methods over many years.