Gary from NZ wrote that he had lost 10 units at $100 each on John Furgals SMS service. Our analysis for the period showed the reverse $1,000 plus profit for the same period. We searched for the difference and it was simple. Gary had been placing all his bets on the NZTAB whereas we had been using Vicbet Best Of The Best.
Gary is also interested in how the Money Factory worked over recent months and so as promised we did a workout based on Johns advice whether to bet win or each way etc. and so here are the results as presented to Gary, who has by the way, a $10,000 Bank so the base bet of less than $50 on Money Factory represents less than half a percent of his Bank.
I have done a workout , one Money Factory Column to get enough in the one report to show you the overall result. This is using your Bank size but starting outlay is just under $50. Selections with near money back or above have been deleted, they win nothing lose nothing but the plan works better if we delete them out.
It will work out the same with multiple columns but of course each column will take longer to make their profit goal. Most days it would not be too hard to get selections on after the pervious result due to the (relatively) smlla number of selections.
Average outlay per race was $76 and only one lengthy losing run. Av dividend $4.87 (would have been lots less if we didn’t remove the money back ones)
Profit is $1933 represents a 19.3% profit on your bank of $10,000 biggest outlay on any race was $174.
It’s all very well to say reduce the number of selections but all that does is either…leave you on short priced selections only OR extended runs of outs..not in number of selections without a winner but in time. So there are 99 races in the workout in 60 days. If these happened to be spread out over 180 days there would have been a period of 40-50 days when no profits were coming in as opposed to about 14 days in real time. Have you that much patience??
Hope that helps