So how did we miss such a good winner??? Well, one of the runners was at $1.90, the other $20 that 57% and we are running at the ideal rate of 40% or less. One or two percentage points wouldn’t worry us.
On the other hand this can never happen with the market 2/3 plan simply because the favourite is always excluded and yesterday 47% of the races were won by 2nd or 3rd favourites. Average div was only $4.55 so not all of those winning races would have resulted in a bet, Strathalbyn Race 1 was over 50% Hobart Race 3 was 44% but the tote prices suggested a bigger return on the best tote option and the winner was $6 for a good result and so on.
I do recall that one of our subscribers was engaged to run the plans with a max % of 50% but instead of using a punters decision he stuck to it and when it went over 50% he would take out the last runner entered even if it was the short priced one and run with just one horse. So if the top rated horse was $8 and the second one $2.5, total 52.5% he would back the $8 one and remove the $2.50 one from contention. Needless to say, he consistently lost and remember he was getting his pay regardless ( I think about $100 a day) until the inevitable happened and the money ran out.
Anyhow, the money was there for one method but not the other. You cant win everyday…well we knew this anyway.
I’ve just found out that I am featured in two recent books about Newcastles Rock N Roll scene . The first includes my brothers band, which is still going I might add, and the second Benny And The Jets which had several big hits in the 70’s and 80’s. I was writing a music column and playing in bands at the time. When the music column went the usual course, I switched to writing the Racing Column although I continued to play but more in the Club scene until the money dropped out of that as well.
Strangely, in my part time retirement, I have learnt the drums and currently learning Piano. Currently I am playing the Bond theme after last week playing Last Christmas.