That was certainly a strange month.  For those in the States that are able to take advantage of Bookmakers Promotions, there were thousands of dollars available from Big Bash and Australian Open promotions.  That is where my money came from in January, and that was great, but it was continually soured by the poor performance of my betting on the horses.

During January there were 61 Selections for 16 Winners (Strike Rate 26%).  There were 7 Quaddies backed, for one small win. Quaddies outlaid 17.50 Units and returned 3.10 Units.  I hit the first Quaddie on 1 January, and have been close on several others.  But multiples have never really been my go.  I will continue to provide suggested quaddie numbers, for those who like to play the exotics, but will no longer bet on them or record them in the results.  A loss of 14.40 Units in a month, will probably be made up with a good win in February, but I am not prepared to gamble on that result.

The Each Way selections were also disappointing.  There were 37 E/W selections achieving 6 Wins (16%) and 18 Places (49%).  Despite around half of them placing, they recorded a loss of 15.10 units.

For the selections that were chosen as straight out Win bets, there 24 Selections (including an All Up, which we just missed out on) for 10 winners (42% S/R).  There were 16 Placegetters (a 67% S/R).  Although these range of selections also recorded a loss of 0.64 Units (most of which was attributable to the 0.50 Units All Up Bet), it is painfully clear where the focus should be for the remainder of 2016.

Again, I am back to the old lessons that I learnt years ago:

  1. You can not beat the races, but you can beat a race;
  2. The more bets you have the greater chance you have of losing.

The tactics therefore are clear.  Choose my races to compete in, and limit the number of bets.  This will result in a smaller number of bets for 2016 for the horses.  But if you are in the States that can take advantage of Bookies promotions, then you can widen your activity to betting on Value Sports Bets.  The AFL, NRL and ARU seasons are about to start.  Last year there was a heap of money available in these football codes.

Overall a loss of 33.30 Units for January 2016, representing a 24% loss on Turnover. If you took some of the promotions advised, then there would have been some refunds into your account.  But as not all members can take advantage of these refund offers, all losing bets have been recorded as a loss, rather than as a Refunded (where applicable).