Australian (ASX) Stock Market Forum

My Place Bet Trading System (1 Viewer)

Joined
Apr 29, 2011
Posts
19
Reactions
0
I think my PLACE BET trading system is very worthwhile in terms of ROI and worthwhile having a look at.

I will post up all of the trades as I find them by the form analysis I do for the races in the UK & Australia.

They follow a set staking sequence that always maximises the profit made off each sequence so that means I will also include the bet sizes next to each trade.

From the start of a new set of sequences it generally takes 20-30 trades to hit consistent positive ROI that sees your trading bank infront of where it started and consistently rising on a 20-30 trade basis.
 
Joined
Apr 29, 2011
Posts
19
Reactions
0
Saturday - Australia

Caulfield R5 No2 Barangaroo - 2 unit place bet @ 3.15 (fixed odds Qtab)
Caulfield R6 No10 Boom 'N' Zoom - 1 unit place bet @ 3.35 (fixed odds Qtab)
 
Joined
Apr 29, 2011
Posts
19
Reactions
0
Australia - Saturday

Seymour R5 No1 Primal Instinct - 2 unit place bet @ (final available odds not known yet)
 
Joined
Apr 29, 2011
Posts
19
Reactions
0
Australia - Saturday

Seymour R8 No12 Madam Redoute - 2 unit place bet @ (final available odds not known yet)
 
Joined
Jan 12, 2008
Posts
4,949
Reactions
10,701
Good Luck - I think you will need it. You have started a very difficult business. IMO it is much harder to establish and maintain a positive edge betting on horses/dogs/trots than trading financial instruments. My experience is that any edge you think you have will either not exist or be too small to profit from.

The skills required to make this work are similar to a proper trading business. I hope your selection strategy is robust (across all distances and track conditions) and the positive edge has been established by either back-testing or forward testing. Your edge should be present using flat stakes and not using a Martingale type (increasing bet sizes after losses) staking method. I hope you understand and prepared for the effects of variance (losing sequences) both financially and psychologically.

Do you know your edge?
What return are you expecting after 1000 bets?
Will you be able to offset the hidden cost of the TAB/bookie commission (~ 16%)?
Will the profits be able to pay for your costs and provide a decent wage for the work you must do?
 
Joined
Apr 29, 2011
Posts
19
Reactions
0
Australia - Saturday

Seymour R4 No7 Muktashef - 1 unit place bet @ (4.00 fixed odds place on Qtab)

Replaces Ingleby in this race earlier advised as a bet, now scratched.
 
Joined
Apr 29, 2011
Posts
19
Reactions
0
from 3 successful so far, 6.8 unit profit.

Will detail results as we go in an excel spreadsheet.

Ill answer all your questions in absolute detail Peter when I have 10 spare minutes, probably on Sunday evening, my reasoning, experience and methods used will prove worth of you I am sure.
 

tech/a

No Ordinary Duck
Joined
Oct 14, 2004
Posts
19,854
Reactions
4,791
experience and methods used will prove worth of you I am sure.

As would the experience and methods used by Pete and a few here.

Trading over Systematic gambling for me because.

(1) I rarely lose all my bet (haven't yet in 17 yrs)
(2) If I dont like the way my horse is performing I can get out of the bet DURING the race.
(3) If I like the way my horse is performing I can increase my bet DURING the race.
(4) I dont have to worry about weights/trainers/jockeys or track conditions.
(5) I can self adjust my returns by adjusting risk and position size.
(6) I'm backing a one horse race.
 

Users who are viewing this thread

Top