Double your bank every seven days.
Is it possible? Sure it is and here's the way to do it.
Set up a bank ( let's say $100 but it can be smaller ). Lay any horse in a race whose BF price is between 40.0 and 99.0 for a liability of $100. In Oz races I would not lay first uppers, first starters, second uppers or topweights ( thanks RP ). When you achieve a profit of 10% you quit. Tomorrow you start with a bank of $110. If you don't wipeout in seven days your bank will be a minimum of $200. From my experience wipeouts will be rare. Now here's the second part of the money management plan. When your bank doubles you put 50% of your profit into a reserve bank. You start week 2 with a bank of $150. If that doubles you have another $75 in your reserve bank. When your wipeout comes you start again with a portion of your reserve bank. What portion you use would depend on how many times you have doubled your bank before the wipeout. |
My bank has just increased by 11% and my bot has quit for the day. It took 7 races and 7 seven horses were laid in total. 3 of the 7 races did not contain a horse which fit my criteria.
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Got a name for this one yet Speedy?
Maybe "The Speedysaver" or "Benforyourbank" ? You'll think of a good one. Cheers RP |
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10 Speed Pickup ? LG |
How about the Seven Squared plan?
OR Bahamas or Bust |
Hi SpeedyBen,
Any reason to stop once 10% ahead? If you have a long-term edge laying in this range, wouldn't it be better to let it ride all day? |
Queue Bhagwan's 'Law of diminishing returns' in the latter part of the card.
Welcome back Schmiley. I dreamt about you the other night - a worry!* LG * no, not in that way (thankfully). As it happened.. I broke into your house (mansion?), let myself out again when you discovered me, knocked again.. whereupon you let me in and we ate a meal. You had a mate present at the time, just to put you at ease on this! Pen a ditty to that one, son? |
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If you are a real thrillseeker you could run it all day and do the liability adjustment whenever the bank increases by 10%. You could easily double your bank in a day and then adjust the reserve bank accordingly. Sort of Seven Squared on Speed. |
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I'm already scribing as we speak my good man!!! What a cracker!! Ha ha Good to see you're still well and truly IN FORM LG!!!! Straight off the middle of the willow!!! |
Welcome back TS!
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