colben's Dutching £1000 Mystical Challenge

[colbetiger]

Wednesday 31st October £1000 bank

Dutch 1st & 2nd favourites at SP from the following races @ 5% of bank
Stop at a winner:headbange
1.20 Nottingham 1st 8/13 @ £35.62 - u/p 3/1 @ £14.38 win £7.57
2.50 Nottingham 1st 10/3 2nd 5/2 win no bet
3.00 Lingfield no bet 2nd 10/3 3rd 11/4 lose no bet
3.50 Nottingham 1st 5/1 2nd 4/6 win no bet
New bank £1007.53
Good day to carry on after first winner, but experience told me to stop.

[colbetiger]

Thursday 1st November £1007.53 bank
Here are todays races for dutching @ 5% of bank

1.00 Newcastle 1st evens @ £36.67 - 2nd 9/2 @ £13.33 win £23.33
1.20 Stratford 1st 4/6 - 2nd 9/4 no bet
1.40 Lingfield 7th 11/4 - 8th 5/2 no bet
1.50 Stratford 5th 10/3 - P.U. 9/2 no bet
new bank £1030.86

[colbetiger]

Here are todays races for dutching 1st and 2nd favourites at 5% of bank. The bank now stands at £1030.86 giving stake of £52 stop at a winner:headbange
12.00 Newmarket 4th 11/8 @ £32.63 - 2nd 3/1 @ £19.37 lose £52.00
12.55 Ayr 1st 5/2 @ £26 - 3rd 5/2 @ £26 win £39.00
1.25 Ayr 3rd 10/3 - 6th 10/3 no bet
new bank £1017.86
I will change the staking to allow for low prices by betting to win 3% instead of staking 5%.
see how it goes.

[colbetiger]

Bank £1017.86
Dutch 1st & 2nd favourites to win 3% of bank in following races.
1.10 Warwick 2nd 5/2 @ £36 - 4th 11/10 @ £60 lose £96
1.30 Plumpton 3rd 8/11 @ £91.52 - P.U. 10/3 @ £36.48 lose £128
2.40 Warwick 1st 5/4 @ £120 -3rd 5/4 @ £120 win £30
Stop at a winner:headbange
daily loss £194 new bank £823.86
Will go back to staking 5% of bank, but will have to incorporate some form of recovery, will try increasing stake by 2% for each losing bet. No odds on selections either.

[mathare]

I've never been a fan of stop at a winner betting for various reasons but here it seems to make even less sense.

And it seems to be that even though this is a mythical challenge (or rather a real challenge with mythical money) you'd be better off being less reactionary and keeping the rules the same from day to day rather than changing things so often.

[Mavrick]

I've never been a fan of stop at a winner betting.

It is the most counter productive system of betting there is. Either you have a profitable method of betting or you don't. If it is profitable then the more you bet the more you'll win. If it isn't then you are just prolonging the inevitable.

[colbetiger]

Dutch 1st & 2nd favourites by staking 5% of bank, increase staking by 2% for each losing bet and don't stop at a winner.
1.00 Lingfield 2nd 5/2 @ £21.87 - 3rd 3/1@ £19.13 lose - bank £782.86 @ 7% = £55 new stake
1.40 Catterick 1st 6/1 @ £17.44 - 4th 9/4 @ £37.56 win - bank £849.87 @ 5% = £43 new stake
2.20 Exeter 1st 5/4 @ £22.63 - 2nd 6/4 £20.37 win - bank £857.79 @ 5% = £43 new stake
3.40 Catterick 1st 9/4 @ £21.50 - 2nd 9/4 @ £21.50 win - bank £884.67 @ 5% = £44 new stake

Thanks for your comments, Mavrick and Mathare, but I thought it supposed to be just a bit of fun. I will take your advise Mathare, and wont stop at a winner. Maybe the changes now incorporated will hopefully make a difference.
:spinning

[mathare]

Thanks for your comments, Mavrick and Mathare, but I thought it supposed to be just a bit of fun.It can be as much fun as you would like it to be but in the interests of education and helping you to become a better gambler this area also acts as a good learning zone and testbed for certain ideas, and because of that I do like to chip in now and then and offer people some advice. Ignore it if you like, I honestly don't care, but my advice is based on wisdom and experience I have picked up along the way.

If you needed to travel somewhere 100 miles away you'd probably go by car. But you wouldn't sit and design wheels, an engine, internal combustion etc. and build the car before you made the journey - you'd use the wisdom and experience of others. This is no different.

[colbetiger]

Bank stands at £884.67 @ 5% stake = £44 first bet
1.10 Nottingham 5th 11/4 @ £31.06 - 8th 8/1 @ £12.94 lose -bank £840.67 @ 7% = £50 new stake
1.45 Nottingham 5th 3/1 @ £22.41 - 8th 9/4 @ £27.59 lose - bank £790.67 @ 9% = £71 new stake
1.55 Chepstow 2nd 9/4 @ £46.05 - 6th 5/1 @ £24.95 lose - bank £719.67 @ 11% = £79 new stake
2.05 Huntingdon 1st 11/8 @ £58.99 - 3rd 6/1 @ £20.01 win - bank £780.76 @ 9% = £70 new stake

[colbetiger]

2.40 Towcester 1st 6/4 @ £36.67 - 6th 7/4 @ £33.33 win - bank £802.37 @ 7% = £56 new stake
7.20 Wolverhampton 1st 5/6 @ £39.35 - 3rd @ £16.65 win - bank £818.51 @ 5% = £41 new stake
8.20 Wolverhampton 1st 1/2 - 3rd 2/1 too short to bet on

[colbetiger]

Dutch at 5%
1.00 Musselburgh 1st 6/5 @ £23.23 - 2nd 15/8 @ £17.77 win bank £828.61 @ 5% = £41 new stake
2.00 Musselburgh 1st 5/4 @ £25.63 - 5th 11/4 @ £15.38 win bank £845.27 @ 5% = £42 new stake
2.20 Hexham 1st 10/11 @ £27.83 - 2nd 11/4 @ £14.17 win bank £856.40 @ 5% = £43 new stake
3.30 Musselburgh 1st 15/8 @ £21.96 - 4th 2/1 @ £21.04 win bank £876.53 new @ 5% = £44 new stake

[colbetiger]

£876.53 @ 5% = £44 stake
12.35 Kelso 3rd 5/6 @ £31.26 - 5th 7/2 @ £12.74 lose bank £832.53 @ 7% = £58 new stake
1.00 Doncaster 1st evens @ £42.53 - 2nd 9/2 @ 15.47 win bank £859.60 @ 5% = £43 new stake
1.35 Kelso 4th 4/1 @ £20.37 - PU 7/2 @ £22.63 lose bank £816.60 @ 7% = £57 new stake
1.55 Sandown 2nd 7/2 @ £23.90 - 7th 9/4 @ £33.10 lose bank £759.60 @ 9% = £68 new stake

[colbetiger]

Bank £759.60 @ 9% = £68 new stake. 4 races for dutching are as follows:
1.40 Wolverhampton 1st 3/1 @ £31.73 - 2nd 5/2 @ £36.27 win - bank £818.53 @ 7% = £57 new stake
2.00 Lingfield 1st 11/10 @ £33.53 - 2nd 2/1 @ £23.47 win - bank £831.94 @ 5% = £42 new stake
2.10 Wolverhampton 1st 7/4 @ £22.75 - 2nd 9/4 @ £19.25 win - bank £852.50 @ 5% = £43 new stake
2.50 Bangor 1st 6/1 @ £9.92- 3rd 6/1 @ £9.92 - 4th 2/1 @ 23.15 win - bank £878.96 @ 5% = £44 new stake
2.50 Bangor two 2nd favourites so stake split three ways

[colbetiger]

First race stake @ 5% of bank
1.30 Ludlow 1st 7/4 @ £26.92 - 2nd 10/3 @ £17.08 win - bank £908.98 @ 5% = £46 new stake
2.40 Taunton 1st 2/1 @ £22 - 3rd 7/4 @ £24 win - bank £928.98 @ 5% = £46 new stake
3.20 Lingfield 3rd 2/1 @ £27.60 - 6th 7/2 @ £18.40 lose - bank £882.98

[colbetiger]

12.25 Lingfield
1.35 Lingfield
7.00 Wolverhampton