Ross1303 Posted August 20, 2013 Author Share Posted August 20, 2013 Re: £20 a week challenge Dud day as was on the cards as soon as realised they were tipped up by Hills Do or die day for the week 2.50ew Secret Advice Musselburgh 3.20 @ 9/1 5win Just Paul Musselburgh 5.05 @ 11/4 Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted August 22, 2013 Author Share Posted August 22, 2013 Re: £20 a week challenge Nr yesterday leaves 5 in the account 2.50ew Ready Wolves 7.50 @ 15/2 Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted August 22, 2013 Author Share Posted August 22, 2013 Re: £20 a week challenge Well that was close thought ready had it 6.5 returned Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted August 23, 2013 Author Share Posted August 23, 2013 Re: £20 a week challenge 3.25ew als memory 3.30 ffos las @ 20/1 Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted September 1, 2013 Author Share Posted September 1, 2013 Re: £20 a week challenge right well weeks holiday done now back to the task at hand the last week done was plus 0.31 today's bets are started with 2.50ew Red Charmer Hamilton 2.40 @ 7/1 £5win Green Earth Brighton 4.30 @ 7/2 As usual william hill bog Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted September 2, 2013 Author Share Posted September 2, 2013 Re: £20 a week challenge Back with a winner. Red gets home for a return of 26 so 16 banked and balance back to 20. Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted September 2, 2013 Author Share Posted September 2, 2013 Re: £20 a week challenge Updated P&L Week 8 p&l +0.31 Week 7 p&l -£9.57 Week 6 p&l +£99.63 Week 5 p&l -£13.75 week 4 p&l -£10.07 week 3 p&l +£39.50 week 2 p&l +76.19 week 1 p&l +£8.44 Overall p&l +£190.61 Quote Link to comment Share on other sites More sharing options...
Kithanga Posted September 2, 2013 Share Posted September 2, 2013 Re: £20 a week challenge Fab thread Ross and excellent profits, the obvious question is why limit yourself to £20 a week? That ROI is to die for! p.s. That question's not clear having re-read it. What I meant was, if you have a bad start to the week aren't you limiting yourself to smaller stakes on horses you may consider to be better bets? What happens if you fancy one and have run out of cash? Just wondering what the logic for sticking to £20 was. Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted September 2, 2013 Author Share Posted September 2, 2013 Re: £20 a week challenge Kithanga its basically a way I think is an effective money management tool. For me its taking what is a pragmatic approach to something that is something very emotional for many (me included). I've looked at this at a number of different ways over the years and believe this sort of limit is the best way to manage losses. Ok the majority of weeks leave the funds in and then betting 25% of the bank would then have created some massivly impressive scores but if theres no limit to withdraw then the profit is sucked out by subsiquent losses. ie the week 9 finished 0.31+. basically break even. I made the profit on the Monday and had I left it in the bank would have lost the lot by the end of the week. Now my roi if my calc is right profit/investment x 100 will be close to 119%? But a lot to do with that is that a couple of trash weeks are covered by limiting losses to a maximum of 20. Shoild I have set the limit at 200 a week I technically would have earned an average monthly wage in 8 weeks with a maximum exposure of 200 per week. Whilst big money is usually made in this game with big balls and big steaks im trying to prove that money can be made without a huge risk. Whilst £190 isn't breaking the bank for a maximum exposure of 20 a week its pretty dam good I think? The way I approach each week is how much am I HAPPY to lose? If it goes in the first 2 days so be it I can wait till next week. What I can't hack is looking at a 10/1 umming and arrrrring about it and leaving it in the hope that I find a better price later on in the week and seeing it home by 5 lengths. Errr I think that covers it? Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted September 2, 2013 Author Share Posted September 2, 2013 Re: £20 a week challenge Sorry for spelling and punctuation in the above rant typing on a phone doesn't lend its self well to epic posts Quote Link to comment Share on other sites More sharing options...
Kithanga Posted September 3, 2013 Share Posted September 3, 2013 Re: £20 a week challenge Ross, I seem to have (unintentionally) struck a nerve. I was trying to get some conversation going which seems hard to do at times on these forums. The question was about the concept & thinking behind sticking to a weekly amount, not about the amount itself. I was interested to understand more, that's all. The thread is good and the ROI is exceptional and I said as much. I now understand your reasoning but will keep from asking anything further. K Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted September 3, 2013 Author Share Posted September 3, 2013 Re: £20 a week challenge k I'll type A reply later but wasnt my intention to sound off sorry mate Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted September 3, 2013 Author Share Posted September 3, 2013 Re: £20 a week challenge todays picks leave account balance at 10 2.50ew Illustrious Prince Leicester 3.40@ 13/2 2.50ew Artful Lady Leicester 5.20 @ 6/1 Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted September 3, 2013 Author Share Posted September 3, 2013 Re: £20 a week challenge Kithanga sorry if you thought I was offin my reply Essentially its a bit of fun semi serious way of limiting losses. I'm happy to bet 20 a week at the moment and lose it all. If I find picks I like I back em. If they let me down early on and the 20 goes then its hard luck on me and I simply dont bet till the next week. The aim is to obviously go through out the week and have a bet most days but I find it better to back and have no regrets than to wait for something else. How would you do it if limited to a set amount in a week? Quote Link to comment Share on other sites More sharing options...
Kithanga Posted September 3, 2013 Share Posted September 3, 2013 Re: £20 a week challenge :ok I'd carry on the way you are, it's working well Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted September 3, 2013 Author Share Posted September 3, 2013 Re: £20 a week challenge poor day nothing returned 10 left in balance Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted September 4, 2013 Author Share Posted September 4, 2013 Re: £20 a week challenge hmmm well jus the one for me today 2.50ew. manger hanagement Southwell 2.10 @ 9/1 Im probably wrong but there doesn't look too many favs worth taking on today Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted September 5, 2013 Author Share Posted September 5, 2013 Re: £20 a week challenge Down to the last 5 and could regret not backing wellingrove 5win shaharazad haydock 4.40 @ 5/1 Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted September 6, 2013 Author Share Posted September 6, 2013 Re: £20 a week challenge well the week went from good to bad pretty quickly p&l for week 9 -4 Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted September 9, 2013 Author Share Posted September 9, 2013 Re: £20 a week challenge no bets today Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted September 10, 2013 Author Share Posted September 10, 2013 Re: £20 a week challenge today sees 2.50ew The Osteopath Redcar 4.00 @ 14/1 2.50ew Ambitious Icarus Redcar 3.30 @ 20/1 Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted September 10, 2013 Author Share Posted September 10, 2013 Re: £20 a week challenge today sees 2.50ew The Osteopath Redcar 4.00 @ 14/1 2.50ew Ambitious Icarus Redcar 3.30 @ 20/1 Quote Link to comment Share on other sites More sharing options...
Ross1303 Posted September 11, 2013 Author Share Posted September 11, 2013 Re: £20 a week challenge last 10 goes on 5ew victorian number 8.15 kempton @ 7/1 Quote Link to comment Share on other sites More sharing options...
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