Hodgey Posted August 1, 2008 Share Posted August 1, 2008 Right then, following on from my failed Livin' on the Edge thread which layed horses to win, and following a suggestion from 'minted', I will now try my hand at a similar thing but laying them to place instead. :loon I will also be using a different staking plan which involves trying to achieve targets (sets) within a mini-bank and will include some recovery staking. This is not martingale and a maximum of 5 runners will be used to try and reach the target. If the target (or break-even) is achieved a new set is started. I will probably post the full plan up later but things will become clearer when I get going. Initial plan is to use minibanks of 400 to win target of 100. Ultimate goal is to make 500 sets of profit and buy a Porsche! :rollin Seeing as this is a glory hunt, the targets will be the same as my previous attempt! (I will probably copy them accross from the other thread to give me some extra motivation!) :loon Starts this arvo. :hope Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition A reminder of the levels! :lol Level 1 - £250 - Nintendo Wii Level 2 - £500 - Beer for a Year Level 3 - £1000 - La-Z-boy Chair Level 4 - £2000 - 46" TV Level 5 - £3000 - Omega Watch Level 6 - £5000 - Disneyland Level 7 - £9000 - Sandals Level 8 - £17000 - Audi TT Level 9 - £27000 - Cherished Plate Level 10 - £50000 - Porsche 911 :loon Quote Link to comment Share on other sites More sharing options...
happygooner Posted August 1, 2008 Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Good luck mate:ok I'm trying my hand at backing as the bank got too low to continue laying for now:$ Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition First one: Thirsk 14.05 Dougie Peel 2.18 67.80 80.00 (Format is: Meet Time Horse Odds Stake Liability) Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Good luck mate:ok I'm trying my hand at backing as the bank got too low to continue laying for now:$ Cheers mate. I'm determined to get a laying system to work! :lol Usual loser to start with though. Dougie Peel 3rd. :eyes Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Goodwood 14.15 Tranquil Tiger 1.92 84.03 77.31 Quote Link to comment Share on other sites More sharing options...
happygooner Posted August 1, 2008 Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Cheers mate. I'm determined to get a laying system to work! :lol Usual loser to start with though. Dougie Peel 3rd. :eyes I'll try again but with sensible staking and a bigger bank....that is if I can profit off the backing system I've started posting:lol Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Tranquil Tiger unplaced so that's the end of Set 1. Result: Breakeven. Onto Set 2.... Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Thirsk 14.40 Stellite 2.97 40.00 78.80 Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Thirsk 14.40 Stellite 2.97 40.00 78.80 Winner to give net of 38.04 so remaining target is 61.96 Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Goodwood 15.30 Masaalek 2.04 65.15 67.76 Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Masalek 2nd so a loser. Running set total loss of 29.72. Next lay will be to recoup this amount. Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Thirsk 15.50 Amicable Terms 1.50 31.25 15.63 Quote Link to comment Share on other sites More sharing options...
happygooner Posted August 1, 2008 Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Thirsk 15.50 Amicable Terms 1.50 31.25 15.63 No damn you:wall :lol May the best man win:hope Quote Link to comment Share on other sites More sharing options...
happygooner Posted August 1, 2008 Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition We both lose:sad Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition We both lose:sad Doh! Running set total loss of 45.35. Next lay will be to recoup this amount. Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Goodwood 16.05 Rileyskeepingfaith 3.45 47.69 116.84 Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Rileyskeepingfaith unplaced so that's the end of Set 2. Result: Breakeven. (I'll do a full update later.) Onto Set 3.... Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Thirsk 16.25 Bazroy 3.45 32.65 79.99 Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Goodwood 16.40 Jazacosta 2.16 68.97 80.01 Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Set 3 first 2 losers so trying to recoup as much of 160.00 as possible using max liability of 80.00 next time... Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Thirsk 17.00 Brigadore 2.94 41.24 80.01 Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Thirsk 17.00 Brigadore 2.94 41.24 80.01 Unplaced giving net of 39.22. So running loss on Set 3 is now 120.78. Next lay to recoup as much as possible with max liability of (400-120.78)/2 = 139.61 Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Goodwood 17.15 Illusion 3.10 66.48 139.61 Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Goodwood 17.15 Illusion 3.10 66.48 139.61 Unplaced to give net of 63.22. So running loss on Set 3 is now 57.56. Next lay (and last one of the set) to recoup as much as possible with max liability of (400-57.56)/1 = 342.44. Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Goodwood 17.50 Cape Vale 2.16 60.63 70.33 Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Goodwood 17.50 Cape Vale 2.16 60.63 70.33 Unplaced to give net of 57.66. Set 3 ended. Results: Breakeven. Full update later. Shame I didn't lay them to win today. 10 and 0. Ain't that sods law! :eyes :sad:lol Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 1, 2008 Author Share Posted August 1, 2008 Re: Livin' on the Edge - Place Edition Results: Set 1 Runner 1: Thirsk 14.05 Dougie Peel 2.18 so lay to win 67.80 (max liability of 400.00/5 = 80.00) 3rd so loss of 80.01 Target is now to breakeven and recoup the 80.01 with max liability of (400-80.01)/4 = 80.00 Runner 2: Goodwood 14.15 Tranquil Target 1.92 so lay to win 84.03 (liability of 77.31) Unplaced so net of 79.91 (I got the commission rate wrong hence 10p short) Set 1 Result: Breakeven Set 2 Runner 1: Thirsk 14.40 Stellite 2.97 so lay to win 40.00 (max liability of 400.00/5 = 80.00) Unplaced so net of 38.04 Target is now 100.00-38.04 = 61.96 with max liability of (400.00+38.04)/4 = 109.51 Runner 2: Goodwood 15.30 Masaalek 2.04 so lay to win 65.15 (liability of 67.76) 2nd so loss of 67.76 Target is now to breakeven and recoup 29.72 with max liability of (400.00-29.72)/3 = 123.43 Runner 3: Thirsk 15.50 Amicale Terms 1.50 so lay to win 31.25 (liability of 15.63) 2nd so loss of 15.63 Target is now to breakeven and recoup 45.35 with max liability of (400.00-45.35)/2 = 177.33 Runner 4: Goodwood 16.05 Rileyskeepingfaith 3.45 so lay to win 47.69 (liability 116.84) Unplaced so net of 45.35 Set 2 Result: Breakeven Set3 Runner 1: Thirsk 16.25 Bazroy 3.45 so lay to win 32.65 (max liability of 400.00/5 = 80.00) 2nd so loss of 80.00 Target is now to breakeven and recoup as much of the 80.00 with max liability of (400-80.00)/4 = 80.00 Runner 2: Goodwood 16.40 Jazacosta 2.16 so lay to win 68.97 (max liability of 80.00) 3rd so loss of 80.00 Target is now to breakeven and recoup as much of the 160.00 with max liability of (400-160.00)/3 = 80.00 Runner 3: Thirsk 17.00 Brigadore 2.99 so lay to win 41.24 (max liability of 80.00 - this was actually liability of 82.01 due to the price drifting before I was fully matched) Unplaced so net of 39.22 Target is now to breakeven and recoup as much of the 120.78 with max liability of (400-120.78)/2 = 139.61 Runner 4: Goodwood 17.15 Illusion 3.10 so lay to win 66.48 (max liability of 139.61) Unplaced so net of 63.22 Target is now to breakeven and recoup as much of the 57.56 with max liability of (400-57.56)/1 = 342.44 Goodwood 17.50 Cape Vale 2.16 so lay to win 60.63 (liability of 70.33) Unplaced so net of 57.66 (went for the extra 10p I missed from Set 1!) Set 3 Result: Breakeven So a bit of a battle today and although no targets hit, came through unscathed. Will return on Monday to try again. Summary Sets Hit - 0 Sets Breakeven - 3 Sets Lost - 0 P/L - 0 Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 4, 2008 Author Share Posted August 4, 2008 Re: Livin' on the Edge - Place Edition OK here we go again. Set 4 Runner 1: Ripon 14.45 Linnet Park 3.40 33.33 80.00 Quote Link to comment Share on other sites More sharing options...
Hodgey Posted August 4, 2008 Author Share Posted August 4, 2008 Re: Livin' on the Edge - Place Edition OK here we go again. Set 4 Runner 1: Ripon 14.45 Linnet Park 3.40 33.33 80.00 Unplaced giving net of 31.70 So remaining target is 68.30 with max liability for next lay of 108.33 Quote Link to comment Share on other sites More sharing options...
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