Results Update

Tuesday 30 January

Ok so yesterday was another scary day. First up, it was a winning day but again it was rather scary, my bank got extremely low before i made a profit and i was betting for almost an hour, trouble is with such a low bank that if you lose one or two races on the bounce then it may be that although you win you werent able to place large enough bets to make your target for the day in one bet. for instance

Betting bank = £50 target = £60 win required £10

1st bet = £10 & Loses, bank now £40 win required = £20
Bet 2 = £10 and loses, Bank now £30 win required = £30
Bet 3 is on a horse with odds of evens - now what do you do?
To win £30 you must bet £30, if this horse loses you have nothing left so maybe you bet £15 to give you a chance, or do you miss this race and wait for a decent 4/1 horse to come up? In the end i got lucky as the next horse was at good odds and it won so i lived to tell the tale

Thats why as soon as i get to £500 bank, (assuming i do and that is not guaranteed) i will apply the target = 5% maximum bet = 5% rule. This way at least i won’t get to panicking so soon

Anyway sufficient to say i finished the day’s betting in 1 hour 10 minutes at £80.46 a profit on the day of some 20%+, see the week 2 results page for the exact details.

Wednesday 31 January

Today was a little bit of a smoother ride, after 40 minutes is hut down the computer having met and exceeded the target for the day.  An actual profit of around 40%!  so we are still on track.  In fact if i had just won the 10% per day i had been aiming for the bank would be standing at somewhere around £50.  I won’t actually feel any less vulnerable until i reach the £500 mark but i am pleased with today as it was a maths mistake on my part that made me end up with a larger win but obviously it would have been a bigger loss if it had not won!!

Lets hope for a nice finish to the week!!