With so many new Winform/GTX subscribers starting out I have had to answer many queries and I had a brief conversation this morning (dont usually answer the phone Sat for obvious reasons , but anyhow. Mike decided to start with $2 bts as he gets used to the program.
I warn about gping all in until people know what they are doing but also I suggest placing small actual bts so it is REAL as possible.
So Mike is concentrating on race to race doubles, a for that has been popular in Victoria since day one and so produces the biggest pools but still not massive.
We get 65% winners in the top 5 so 5*5 = $25 but our average dividend is $6+ so in theory $36 av div for a double .BUT .65 times .65 = 42%
So averages suggest 42 * $36= $1512 for an outlay of $2500 CANT WIN??? Not the case. The av cost will NOT vary but the dividends will as they are unpredictable as our high dividend might be $25 resulting in Double dividend as much as $100 or more.
Watch and see is my advice, I once had a client (about 20 years ago) who made a living out of backing the race to race doubles. The first such doulbe for my account has $207 in it compared to #4000 win and $2500 place. Pools will increase at least 10-20 times before the first 12 12:20
The Victorian TAB pools would be ten times what I am looking at.
Thats it for me. Last week had only 1 successful race to race double. So be cautious but Caulfield is NOT Flamington
Last night 2 doubles $29.7 and $72.7 the first oene should have paid $16 the second should have paid $40 so you can see how you could do okay.