Ok this is the first posting of my first ever blog. I'm doing it because I think it might be quite fun to track the progress of a horse racing system which I'm convinced will make my fortune.
I started with £150 and am looking to turn it into (with any luck) many thousand!
This began in November 2008, although my research goes back many more years than that. I like to follow market moves and am convinced it's a successful way of punting.
This is how it's gone so far:
Starting bank: £150
November: 29 bets - 3 wins - LOSS: £32.58 (-21.7% of bank) - Total bank: £117.42
December: 43 bets - 9 wins - PROFIT: £80.91 (+69% of bank) - Total bank: £198.33
January: 39 bets - 6 wins - PROFIT: £32.70 (+16% of bank) - Total bank: £231.03
February (so far) 10 bets - 1 win - LOSS: £31.22 (-13.5% of bank) - Total bank: £199.81
This only tells part of the story, because the bank had actually climbed to a peak of £312.20 (as you might be able to see from the graph below), but since then I've had one win in 23 races - not a good run at all! I like to back at decent prices though (at least 4-1), and my current average win price is 6.47-1, with a strike rate of 15.7%, so long runs are to be expected.
As for my staking plan, I am currently staking a 2% of my total bank, with a ratchet setting so once the bank reaches a new peak the 2% figure is found and not reduced until the bank climbs to a new peak.
At the moment, that is the way I will play it, until the bank gets to £1000, at which point I will reduce my stake by half if I was to halve the bank half in total. I have many many months (years in fact) of research behind me and have found that that extra caution is important if I don't want a bust bank. It's entirely possible I wouldn't go bust keeping at the 2% ratchet figure but I don't want to take risks, and have found that there is a good chance at some point over 1,000 +bets that the bank would inevitably go bust because of a losing run with the sort of strike rate I am getting. I use a staking plan programme called The Staking Machine by the way, and can highly recommend it (www.thestakingmachine.com).
Anyway so over the course of this blog, I hopefully will chart my growing bank.
I'll also try to put up the horses I back at some point during the day charting what bookies and price I get.
This is a blog for my own purpose really but if you are interested in it then you're very welcome to join me on my journey! Thanks for reading.