Well that quickly took the shine off yesterday. First thing I am going to do is drop the Lay Bets. The first two that I counted in April lost, so we were immediately down 4 units. Then although we won a stack of Lay Bets after that, we had only just recovered around 2 Units. Then the Lay Bet lost today, so we are back to 4 Units down. If we are getting Lay Bets at $1.20, we have to win all 5 in the week to win 1 Unit. And we are risking 10 Units. The value is just not there, and now I know why I have never been a big layer. My apologies to the Punters Club members. There was a glitch in the GTO system and by the time it was cleared, the race was over. I put the bets on our selection in the next at Wagga. Got bottled up and was a bit flat footed in the straight. A horrible way to start the month, down 3 Units. Armageddon has been forecast to hit South East Queensland and North East NSW this afternoon. I don’t know what the tracks up the way are going to be like tomorrow, nor how much of this weather is going to make it to Sydney.
There will be a Punters Club for Saturday, which is already open.
Next week I will run Punters Clubs each day. They will be bet on the best selections I have for the day. I generally have around 38% to 39% Strike Rate (have been down a bit this year). Investors you will need to structure your investments in line with 6/7 out of every 10 bets will be losers. But the odds we get for the winning bets should cover our losses and make a profit. In other words we will not win every day.