A Different Form of Trading

kermit345 said:

Two more plays today gents for those interested:

Kembla Grange - Race 2
No. System 1 Selection Stake
7 Narietta $22.90

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Race Result Information

1 DEBELLE
8 OOGY SUN
10 VI'S INTERVENTION

kermit345 said:

Geelong Syntheti - Race 8
No. System 1 Selection Stake
3 Lago Di Como $10.00

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Race Result Information

5 RIPLEYS
3 LAGO DI COMO
10 ZABILLIE

http://tatts.com/racing/2012/7/31/raceday

Hi guys,

forgot to post my plays on Saturday here and surprise surprise had some winners. Previously i'd been betting my system a bit more ad hoc but moving forward i'm going to be applying it exactly to the letter. As there still isn't enough data (I believe) to be extremely confident in the system i'm going to start my bankroll off small ($200) and bet 1% units ($2 per bet multiplied by the overlay with a max 3% rule). I started this on saturday and the following is my post in my thread on the horse betting forum:

First day done for me with the new bankroll and 1% units and it was very succesful. I felt given the recent poor results that a day like this was around the corner and it turned out very well.

4 Plays:

Canterbury:
Race 4 - 1 Madam Nash $2.16 Outlay
Race 5 - 5 Crystal Miss $2.64 Outlay
Race 7 - 8 Al's Gold $4.02 Outlay

Belmont:
Race 8 - 7 Excelorada $5.26 Outlay

Winners:
Race 4 - Madam Nash $14.10 Odds - $30.46 Return
Race 8 - Excelorada $6.00 Odds - $31.56 Return

Usually I record the odds based on the UniTAB odds but actually place my bets with sportsbet City/Country Best. I achieved greatly improved odds this way:

Madam Nash - $13.10 Odds on TAB vs $14.10 on SB
Excelorada - $4.40 Odds on TAB vs $6.00 on SB

So account is now up to $247.92 which means the unit size applied to my overlays next play will be $2.48 now instead of $2.00. Lets keep the good times rolling.

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If you want to read the whole thread go to the following link, there is some good discussion around my results and system in there. Also there were no plays yesterday and none today as well, happy reading

http://www.propun.com.au/racing_forums/showthread.php?t=24436

EDIT: As a side note my results show that starting with a $200 bankroll on 1 April 2012 would have increased to a $13,000 account value now following the exact same method (4 months) lets see if I can achieve something even remotely similar in the next 4 months.

craft said:

Hi Kermit

Nice stats.

Systematic betting certainly seems to have worked for Zeljko Ranogajec and David Walsh.
Have you been following the court case re tax on betting when conducted in a business like manner?
How are you going to approach the tax issue?

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they wont be getting done on that