10% of the bank

qc3

Talked to a Good Punter yesterday that explained his system to me.
I wasn't convinced, but he collected a lot during the day.
The idea is to start with a bank,say E500 .He bet 10% E50 on his first pick.He had it @ 1/1, so collected 100,Bank was E550.He then bet 10% E55 on the next,Fallons horse @ 4/1. It also won collecting E275.Bank E760.Had a few losers after this and when I met him later on, he said he was up E600.
Never heard of this before,but would like to test it today, virtual bank of course.
I'm going to Follow Timeform tips, with maybe Hughs or Pwe thrown in starting with E500 and bet to sp with 10% of the bank each race during the day. Mistaske calculating, fixed now
Hope this explains the system.

Any thoughts will be welcome during the day.

qc3

BANK E500
First bet will be E50 on Northern Dune @ 12.30 Huntingdon. Bank E450

Dun laoire

qc3 wrote: »

Talked to a Good Punter yesterday that explained his system to me.
I wasn't convinced, but he collected a lot during the day.
The idea is to start with a bank,say E500 .He bet 10% E50 on his first pick.He had it @ 1/1, so collected 100,Bank was E600.He then bet 10% E60 on the next,Fallons horse @ 4/1. It also won collecting E300.Bank E850.Had a few losers after this and when I met him later on, he said he was up E600.
Never heard of this before,but would like to test it today, virtual bank of course.
I'm going to Follow Timeform tips, with maybe Hughs or Pwe thrown in starting with E500 and bet to sp with 10% of the bank each race during the day.
Hope this explains the system.

Any thoughts will be welcome during the day.

€550 total bank after the first bet not €600 :pac:

Healio

What do you do after a loser, 10% of the new balance or kick on until a winner?

qc3

Healio wrote: »

What do you do after a loser, 10% of the new balance or kick on until a winner?

Yes 10% of each bank on each pick

Moro Man

From a statistical point of view you should try this using 5% per bet

qc3

Moro Man wrote: »

From a statistical point of view you should try this using 5% per bet

I think you get about 24 bets @ 10%. It's only virtual for now so if it ends quick,It will show that it's not worth it.

Pj!

Should it be 10% on a 1/2 shot and a 33/1 shot equally?
Why not bet to win a percentage of you bank?

qc3

BANK E500
First bet will be E50 on Northern Dune @ 12.30 Huntingdon. Bank E450 LOSEbank 450

E45 Acordeon 1.10 Ludlow Win @ 4/7 Bank E475.71

qc3

E47 Valentine vic 1.20

qc3

E47 Valentine vic 1.20 Wins @ 11/4 Bank E599.51

E64 Show winner 1.30 Huntington

qc3

E59 Show winner 1.30 Huntington Lose Bank E540.51

E54 Candle 1.40 Ludlow

qc3

E54 Candle 1.40 Ludlow Fall bank E 486.51
E48 Recif De Thaix 1.50

qc3

E48 Recif De Thaix 1.50 Fall Bank E438.51
E43 Deep Purple 2.00

Pj!

Nice winner.

qc3

E43 Deep Purple 2.00 Wins @ 12/1 Bank E954.51
E95 Milton Des Bieffes 3.10

qc3

E95 Milton Des Bieffes 3.10 Lose Bank E859.51
E85 Tito bustillio 2.20

mike65

Is there any logic/method for the picks, glad to see Deep Purple win. Underestimated horse I think.

qc3

E85 Tito bustillio 2.20 Wins @ 10/11 Bank E 936.78
E93 Kerada 2.30

qc3

mike65 wrote: »

Thre any logic/method for the picks, glad to see Deep Purple win. Underestimated horse I think.[/quote

They are all timform picks Mike.He is getting a few winner lately, some @ decent prices.Just wanted to try this with his tips virtually before i try cash,, MAYBE

If old enough, you will remember punter had to and some still do read form for hours before you pick your nags.
Pro tipsters are doing a lot of work for us since the internet started.
I think they will know a lot more than i ever will about form .

qc3

E93 Kerada 2.30 Wins @ 5/2 Bank E 1169.28
E116 Al Qanoon 2.40

qc3

E116 Al Qanoon 2.40 U/R Bank E1053.28
E100 Cantabilly 2.50

qc3

E100 Cantabilly 2.50 Lose Bank E953.28
E95 Fine Parchment 3.00

qc3

E95 Fine Parchment 3.00 Lose Bank E858.28
E85 Ballybrook 3.10

qc3

E85 Ballybrook 3.10 Wins @ 2/1 Bank E1028.28
E100 Take it there 3.20

qc3

E100 Take it there 3.20 Lose Bank E 928
E92 Exotic Man 3.30

qc3

E92 Exotic Man 3.30 Lose Bank E836
E83 Ceildh Royle 3.40 Lose Bank E754
E75 Long Hop 3.50 Lose Bank E689
E68 Wanchai Whisper 4.00

mike65

Is every bet is on-the-nose (not e/w where odds allow)?

qc3

E68 Wanchai Whisper 4.00 Wins @ 13/8 Bank E799
E79 Resentful Angle 4.30

Kalashnikov_Kid

Basic bankroll management theory - can be used for poker too - although I'm pretty sure 5% is the respected optimum

qc3

E79 Resentful Angle 4.30 Lose Bank E 720
E72 Prince Of Sorrento 5.00 Wins @ 9/4 Bank E862
E86 Moonbeam Dancer 5.30 lose Bank E776
E77 Fathsta 6.00 Wins @ 5/6 Bank E840
E84 Topcroft 6.30 Wins @ 1/1 Bank E968

It worked today giving a profit of E468 but would it work with real money ?..
10 winners from 23 races.
Might be worthwhile with a bit of caution.

yaaaboy

that was a very interseting little experiment! If i was you (and for my own curiosity) i would try it a few more times to see what happens cos without that 12/1 winner it wouldnt have been so good.

nice to see people trying out new ideas though

markhiggins

are you going to go with it again today??

mike65

Hi qc3 I would do this for a whole week. Why? Cos every type/grade of winter race will have been covered several times over on a large number of different courses and conditions. If in a week you are still well in the money then give it go.

qc3

Thanks guy's. Working all weekend so won't be punting but will give it a go next week and see how it works out before i try cash.

Amigomenor

This post made no sense whatsoever. The concept might sound appealing but mythical money does not.

If you go with this you might as well just give the bookie your money.

Guaranteed loser!

Here is a tip for you , keep your money in you pocket as you will need it next year as the country goes down the sink.

Browney7

Amigomenor wrote: »

This post made no sense whatsoever. The concept might sound appealing but mythical money does not.

If you go with this you might as well just give the bookie your money.

Guaranteed loser!

Here is a tip for you , keep your money in you pocket as you will need it next year as the country goes down the sink.

Nothing like a bit of optimism eh??:rolleyes: Go for it qc3 with small stakes and see how you get on.

mike65

qc3, you continuing this?

Mellor

I'm sorry but what was your little test supposed to prove.
I don't see how this tested your 10% system as it basically came down to how good the timeforms tips were. Which is unrelated to the 10% system.

If every horse lost, you would now think it was a bad system, surely that's timeforms fault. Or what about every horse winning.


If you are testing this system, then you need another system to compare it too.

Next time, pick a set of races. And using Timeform tips again (or your own) go along and track a virtual bank. But don't do the 10% betting just yet, use your own way. Generally most people bet more on the shorter prices.

Then at the end go back through it and recalculate using the 10% of bankroll.
See if the amount is plus or minus.
Of course, one day doesn't prove anything. you'd need to do both systems over a month at least before you had any confidance in it.



To be honest, bankroll management is a good idea. And its also a good idea to never have more than 10% on a one bet. However, forcing yourself to always back 10% is a bad idea. As some longer prices are more speculative and throwing 10% on all the time is burning cash.

Kalashnikov_Kid wrote: »

Basic bankroll management theory - can be used for poker too - although I'm pretty sure 5% is the respected optimum

No it isn't. The optimum depends on your edge. In poker, 5% is used as there is a lot of variance.
If I gave you 10-1 on a coin flip, do you still think 5% is best.

CHD

Way to ruin the thread Mellor. Humour forum it is for me.