Yesterday was disappointing with an unplaced runner, one of Gai’s which ran out of puff and then a placed effort behind our second rated horse. Bugga! Today started with a $2.35 winner and then the second selection struck at $9 with Betfair paying $10, less of course the 10% for commission and race fees back to the sovereign and expensive state of NSW. One to go and it is around $4. Hope lives eternal.
There is a possibility that the rain missed Randwick this morning as the track was listed as Good 4 so that is great news with such a good program on tomorrow.
That been said, the Caulfield meeting is much better but a lot harder and I will be working hard on a quaddie and no I wont be sharing it as some of the selections come out of left field. It has been three weeks since my last Quaddie and that was a mere $50,000, shared however, and thats how you snare them. I couldnt believe it when a decision was made to “take the field” in one leg but it was the right one with the longest shot in that leg saluting. We’d already had a $25 winner.
Last week we left all but one of the favourites out but couldn’t crack it with 1100 combinations. Time of the year so my best effort ever was $120,000 but Ive had $90,000.
So my best ever dividend? Well that is Zippay which I purchased for my Superfund last December for a dollar. Today they are $5.52. I also had Afterpay at $5 but sold out at $7.80… not perfect, nor when I sold my Fortescue shares for $4 after paying $5, they are now around $9.
My advisors tell me that a 60% strike rate on the stockmarket is the target to make a long term 10% and I am sure you all know about Dave Reynolds and his Bathurst win, well his Dad had a stockmarket program and we all met at Newcatsle once every couple of weeks to workout strategies.
It was simple. It focussed on the Bluebloods of the stockmarket as these regularly move up and down. The plan was simple. Take a position and when the stock moves up 10% take the profit. If the stock moved down 10% take the loss. Get it right two times out of the three and you win. Good when stocks are moving regularly, bad when there is a sudden demise like Oct 87 ( I lost 90%) or the GFC etc. etc.
You know what though? The same applies to your punting. Many of our subscribers play on Betfair and so if they take a runner and it firms 10% they can lay off or lay on the unlikely ones and back if they start to firm to limit you loss. Don’t ask em how, I don’t do it. I havent the time but there are plenty of programs out there that can be set up to do it automatically.
Oh well, time to sdtop rambling and get back to my form study. I have winners to find fro you tomorrow.