A disappointing end to a difficult week with Britain's worst snow falls for nearly 20 years causing havoc with racing. Not only were meetings falling off the calendar in spectacular fashion trainers trying to transport gees gees to races were having just as many problems. There were plenty of non runners at the surviving meetings as a direct consequence which I'm sure has helped push average prices down giving less value to the backers.
With that in mind the strike rate for the systems has been poor. This week there has been a total of 52 system qualifiers with one winner albeit it at a decent price (20/1) although oddly there wasn't much value in the betfair sp of this single winner. It was 21 at bookies sp but only 22.64 at betfair sp. Usually the prices on betfair hover around the 28-32 mark on betfair for a 21 shot and I was glad to have gotten 27 before the off given the rather crud week that ensued.
The horse racing system or collection of systems have now gone a total of 42 runners without a win which given the history stretching back to Jan 2005 is very normal. In fact it's one of the reasons why a 400 point bank is used for backing the system and a losing run of 200 points is to be expected. So to put this week into perspective "shit happens" ha ha.
So then where's it at for now? As I mentioned in this previous post the P&L is calculated using a 400 point bank and a starting bank of £10,000 gives a one point unit value of £25. Therefore with our loss of 30.44 points on the week I make that a loss or -£761.00. All I can say is bring on next week and I look forward to turning things around.
Till the morrow......
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