Yes Heis. And if we do the unthinkable. A NOT606 nag to run on our behalf. Trained by the Good Dr, of course.
Lets try to establish some rules then. Stakes minimum £10 per month (or should we go to £5pm). Ad hoc payments any time, any amount (minimum £10?) NOT 606 Members Only. If someone joins NOT606 would they become eligible immediately or would they have to qualify somehow? What are we investing in. Are we running separate funds, one for Scoop6 and one for bets as and when decided? If so do we specify where we want our contributions to go or is it to be one pot with the Selection Team deciding what to invest in what and when?
Apologies for going off of the scoop 6 theme but I just wanted to add that I love the idea of a collective pot and bets placed on behalf of the collective but just wonder if there is a happy medium in so much as a bet that can pay a decent amount but not as unlikely to come in as the scoop 6. Perhaps a 606 Saturday yankee with everyone putting in a tenner and the amount raised used to place a win yankee. All returns kept separate and paid out on the December 1st in time for Christmas. At worst we would pick up a few doubles and trebles and at best pull it off one week and have a decent amount to look forward to. We could even go in with a scoop 6 entry as well if wished but keep the stake to a just for interest amount. What this would do is allow the enjoyment of being in something together, the possibility of winning a little or a lot but unlikely losing the whole lot as in the scoop 6. With regard selections it could also be kept more inclusive as each could have a turn at selecting a horse on rotation. I think it's fair to say that everyone on here knows what they are doing when it comes to putting a horse up and there are no pin stickers. Regarding organisation each would be expected to pay for the upcoming month and a total kept by the administrator of returns in the kitty to each month. This way if someone wanted out it would be easy to assess what they are due and to pay them out their share when they leave the group. This also works for entering the group at the beginning of a month as the total winnings for each month are logged and they are due only a share of the totals of the months they had paid into. Just an idea.
Not against any ideas Blue. It's just a case of working out how to administer it so we will need to establish some sort of structure. The idea of selecting our own 6 races to give us a better chance of winning has also been mooted. As I see it the options that seem to be developing are: stick with Scoop 6, have one pool and invest when it's felt to be a "good time". Not sure how "good time" will be decided (eg when the Scoop 6 fund exceeds £x for the first time, voted etc). Would we then decide to maximise the chances of winning by using all the money held in the Club Fund, or hold some over to have a go the next week if rolled over? Rollovers will be a problem as we won't be able to sustain investment over many weeks. have one pool for scoop 6 and one for Selective Bets. Would members specify how much of each contribution goes into which pool? have one pool and a Selection Team makes Selective Bets which will either reduce or increase the pool available to invest in the Scoop 6 when deemed a "good time"
Just to say I 100% agree with Bob and also share Heis' sentiments further down. I'd certainly be interested in signing up.
I think we need a good raise of hands to see who is in and then a peaceful 606 style vote on weekly monthly fixed input or share style input . Plus investment stratergies %wise re scoop or strategic bets or both etc . Also how these investments are planned and who does what and when .
I think option 3 is. Good idea, but as uncle says before anything is decided of even contemplated we need an idea of numbers etc... but I'm in!
So basically it is becoming a "Betting Syndicate" that may invest in Scoop 6 from time to time, depending on funds, but when opportunities arise other bets may be placed with the aim of boosting the funds. Whilst I'm happy with that I can see it could possibly cause problems. (eg if it was felt some money should be invested on a single bet, or double etc there could be a number of conflicting views as to what that bet should be and someone throwing in (say) £100 one month may not agree with the bet and place their £100 on something they feel is a better bet. Nothing wrong with that but it could be the thin end of a wedge that breaks up the syndicate. It would be vital to set out the way it would work and for all to go in with their eyes open. Personally I would be happy with it and also happy to let the Selection Team make the investment decisions (especially as I don't bet) but, we aren't going to win much on non Scoop 6 bets unless we are looking to get 5 or 6 winners. I would imagine that the Selection Team would be looking at the threads to see if anyone has put up a strong case for them to consider. I'm not trying to be negative; just want to ensure that it's been thought through and understood by everyone before they commit. As uncle says there is much to be specified before anyone can be clear what they are going into. It was going to be difficult enough nailing down the strategy when it was simply Scoop 6.
I am all for building the pot, but rightly ron I feel its a scoop 6 fund . using a small percentage on small bets or as most seem in favour a accy is fine by me but most of us work leaving sat/sun as the best opportunity . Lets not forget though a small percentage or small bet accy or ew accy can land decent money when achieved , but they are as risky as the scoop and could be waste full. Which is one reason I would like to see set rules regarding stratergies.
Not sure if I dreamt it, or an idea came to me as I was waking up, but I think I may have fallen upon the makings of what could be the ultimate betting syndicate. I doubt there is anything like it in existence. I will jot down some rules before I forget and post later. I will expect these to be either ruled out in principle or ironed out in detail. Either way it will be some sort of progress. When everyone has had a chance to read I would suggest a vote is taken on one of 2 options: (a) a simple Scoop6 only syndicate (b) a more flexible Betting Syndicate I'll try not to be too long. Look out for a sticky thread "Ultimate Betting Syndicate - Strawman"
i agree it was founded as a scoop 6 fund and that should be the aim however there is a lot of knowledge on here and some good tipsters, so i suggest we keep it minimum stakes say £20 a month per member aim for the scoop but have little accas, luckys or a single double as we go along we agree on a selection panal which i think is already sorted stick cracker bob and wooly (thats my preference) and crack on from there review it every month and if its going ok ie nobody is slaging of the selectors or somebody else wants a turn open it up to the forum and see where we go its a bit of fun £20 makes it sensible fun if the scoop rolls and rolls then if members want to invest more do it as we have been on a shares scheme i think this will work and the characters on here want it to work so lets do it stay frosty
