Bank £11,960 Less £200 Hoofit Lost Plus £600 Izzy (darling) Top - Won7/2 but took 3s Bal £12,300 Profit £2,300
Fury is 6/1 (several) in the 3.00 York. Must be fit from 3 good placings. The favourite looks bred to need further so 6/1 looks an outstanding price £200 ew at 6/1
Phew. That was close. Backed down to 3/1 so 6/1 turned out to be good value. Nice £1,500 profit lifting the Bank to £13,800 and running profit to £3,800
The emphasis is correctly on the "turned out to be". Obviously I perceived it to be good value, hence my comment "outstanding price". But if it had lost it wouldn't have been good value; it would have been £400 down the drain.
I would argue that you still got the value, even if the horse had got beat. But as it won, you got the money as well, which is a little more tangible than value alone. I see your experiment is going well so far, btw. Following with interest.
Tempted by Bentleysoysterboy in the first at Newmarket at a decent ew price. But is trading at only half the forecast odds of 8/1. So I'll leave alone as too many unknowns for that price. Also Starboard in the 8.05 but don't like betting odds on when there are others in with a chance. So that's it for today.
I could claim limiting my bet to just £50 ew was a good decision but I won't. Putting anything on was a bad decision. Bank reduced to £13,700 (£3,700 profit).
Ron I have been following this thread with great interest. Just a few questions. 1 If the money was actually in your account do you think you could be as disciplined ? 2 When would you be looking to bank profits ?
1. Yes, at least 2. Good question. I think it would depend on what cropped up. For example there might be an emergency, in which case I would take the money from any profits. Obviously, if something had a greater need I would also dip into the bank. Emergencies aside, if I ever got to the point of doubling my money I might choose to go back to the original bank and put the profit away for a rainy day. The rainiest day would be to lose all my bank, in which case I would stop and be thankful for any profits I had set aside. Alternatively if/whenever the banks rose above the original £10k, put the excess aside and continue as if starting again. When/if the bank gets down to zero, whatever has been put aside would determine the profit or loss. I think I'll operate both plans to see what happens. Thanks for raising the question. Hadn't given that any thought, but I have now.
Starting today therefore: Plan A. Betting Bank £13,700 Piggy Bank £0 Plan B. Betting Bank £10,000 Piggy Bank £3,700
I'm having a little fun bet today Brighton 3.30 Filun 12/1 Nottingham 5.15 Winter Hill 7/1 £10 ew on both and £10 ew double
