tovarich
23rd August 2005, 22:21
Help!
After only 14 days the "Something New" system ( Horse Racing System Qualifiers) seems to be going berserk and although it is still under test, I am sorely tempted to get stuck in. I know 14 days is not nearly long enough on which to base an opinion but the thought of missing out on the profits so far is testing my patience to extremes and I would like some advice from the "Statistical Experts" out there.
Here are the stats as far as I can tell.
Over the last 14 days there have been 68 selections, of which 22 have won and 46 have lost which I reckon is a 32% strike rate. Yes?
I started testing (on paper) with a bank of £200 (at 3%) and that has now reached £707. Yes? An increase of 353%. (I think)
The level stake profit is now 51 1/2 Points.
The Return on Investment (R.O.I.) I think is £1.76p for each £1 invested.
The longest winning run is 3
The longest losing run is 11 (once) - 7 (once) - 5 (twice)
This may only be a temporary "Purple Patch" and I know they can go A*** over T** at anytime but what I would like to know is this :-
If I took the plunge, what would be the best way to minimise any losses (bearing in mind the possibility of long losing runs)while at the same time making a decent profit?
I know there are many smarter brains than mine out there. Maybe Mathare, Glos, Keith, Big C, or Vegy could help. ( :yikes: Did I say that???)
Any advice would be appreciated.
Thanking you in advance.
Tovarich (.....Be Lucky!!!)
After only 14 days the "Something New" system ( Horse Racing System Qualifiers) seems to be going berserk and although it is still under test, I am sorely tempted to get stuck in. I know 14 days is not nearly long enough on which to base an opinion but the thought of missing out on the profits so far is testing my patience to extremes and I would like some advice from the "Statistical Experts" out there.
Here are the stats as far as I can tell.
Over the last 14 days there have been 68 selections, of which 22 have won and 46 have lost which I reckon is a 32% strike rate. Yes?
I started testing (on paper) with a bank of £200 (at 3%) and that has now reached £707. Yes? An increase of 353%. (I think)
The level stake profit is now 51 1/2 Points.
The Return on Investment (R.O.I.) I think is £1.76p for each £1 invested.
The longest winning run is 3
The longest losing run is 11 (once) - 7 (once) - 5 (twice)
This may only be a temporary "Purple Patch" and I know they can go A*** over T** at anytime but what I would like to know is this :-
If I took the plunge, what would be the best way to minimise any losses (bearing in mind the possibility of long losing runs)while at the same time making a decent profit?
I know there are many smarter brains than mine out there. Maybe Mathare, Glos, Keith, Big C, or Vegy could help. ( :yikes: Did I say that???)
Any advice would be appreciated.
Thanking you in advance.
Tovarich (.....Be Lucky!!!)