Decent weather today and racing just down the road from me at Brighton, but nothing of any interest from a punting point of view.
We've made a profit this week and that is always welcome, but it really is a case of "what could have been". We've certainly been ahead of the market more often than not, but that in itself is not enough. A number of people have contacted us to say they are particularly pleased with the analysis that we usually put up and that they are impressed with our approach. One or two of these comments have been posted and they are appreciated.
We seem to be reading races pretty well at the moment and hopefully that will continue for a long time to come. We just need to pick out a few more winners from our shortlists and the profit figure will quickly grow and our targets will be achieved.
The summaries are detailed below:-
WEEKLY SUMMARY
5 BETS
0 WINNERS (0%)
3 PLACED (60%)
PROFIT / LOSS +0.40 POINTS
YEAR TO DATE SUMMARY
75 BETS
15 WINNERS (20%)
29 PLACED (38%)
PROFIT / LOSS +52.86 POINTS
So, a small profit on the week and that is always better than a loss, but we've been more satisfied by the fact that all of our selections have run decent races. As we've said before, it's one thing to identify a horse that could run well but another thing totally to back them when they do. The fact that the majority of horses we back run their race and at least finish placed is a clear vindication of our disciplined and selective approach. I'm out on the road again tomorrow but Gags will update on here by early afternoon if we are betting on Monday.
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2 comments:
Arsenal6Informative blog boys.
enjoyable read from start to end but I struggle to understand your results.
looking at the blog,there have been 36 bets posted and 3 winners at advised odds of 9/1.13/2 and 6/1.starting price is shorter
A small loss is made but hardly anything worth writing home about.
Can you tell me who picked the previous winners on the blog?
You refer to experts a lot,so i hope the results from them make better reading. Did they give you the previous winners? Stephen
Hi Stephen
I'm glad you enjoyed reading the blog.
Initially this blog was set up to follow my attempt to achieve a profit of 100 points (and hopefully more) this year from selective betting on horses. The selections you see posted on the right hand side of the blog before the end of March were all my own bets. My hard work, my form study, my analysis and all backed with my own money.
Towards the end of March I decided to change things around, hopefully for the better. I met Gags over at a private forum set up by Graeme (at www.theformanalyst.com). I am no longer a member of TFA but Gags is. We'd had numerous conversations about racing and betting in general and we have a similar approach so it made sense to us that we should combine forces. By now I was following his selections and vice versa, so we agreed to include his bets on the blog.
To clarify so far. All of the selections posted on this blog have been backed by me and most of them have been backed by Gags. Some have been backed by a number of other people who have asked to be included on a distribution list, meaning they receive our bets via email and text free of charge.
Looking only at the results for selections posted in advance of racing on this blog I'm pretty sure you will find the following:-
29 Bets
4 Winners
11 Placed
Profit +20.90 points
Whilst that may not be as impressive as our overall record it still shows over 50% of our bets have at least made the frame and a 20 point profit is fine by me during a tough spell. It is certainly not the "small loss" you refer to in your comment.
With regards to prices I would point out that I always endeavour to place my bets with bookies offering the best prices and almost always with firms offering the "best odds guaranteed" concession. I make numerous mentions of this in different threads on the blog.
The experts I refer to are services we subscribe to. In the main they specialise in different areas to us and overall they are very profitable, so a worthwhile investment as far as we are concerned. We do not include their selections on this blog or in our results section as that is not what this blog is about. Perhaps I should refrain from mentioning them and their results on here but sometimes it's nice to talk about having had a great day overall even if we've not backed or put up anything ourselves.
If over the long term we show a healthy profit then I suspect we may actually drop the services we subscribe to and simply stick to backing our own selections but with bigger stakes. We'll see how things go and cross that bridge when we need to.
The only thing we've changed since Gags joined me in this venture is that we now look at the same races rather than different ones. Call it a tightening up of the selection process if you like, but now we'll only bet if we both arrive at the same conclusion about a race, selection and the price we want. So far it seems to be working okay with all bar one horse running a decent race since we started using this approach. Only time will tell as this is of course a very small sample but we are happy with it.
So in summary Stephen, all of the selections on the blog are our own work. The selections which weren't posted on here in advance of racing were posted elsewhere. We will continue to post our selections on here in advance of racing throughout 2009. Hopefully we will easily exceed our targets for the year. One final point I would make is that we back our own selections and send the details out via text and email to everyone on the list before posting anything on the blog. Sometimes the prices will have gone by the time the blog is posted but we will certainly have obtained the prices quoted. At the end of the day this blog is about our attempt to achieve our targets, nothing more and nothing less.
I hope that makes sense and I hope you continue to enjoy reading the blog. If you would like to be added to the distribution list please email Gags and he will sort that out.
Good luck and cheers,
Mick
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