How are we doing ?

The past two months racing has seen nothing but frustration, Our selections are in the main placed on the NH races, intermittant meetings from one week to the next, strange weather patterns, all providing us with an uphill battle.

Normally the flat racing would provide us with some steady profits too, albeit not as much as the NH but steady none the less, again for some of the reasons mentioned above we have been very cautious this year.

A shocking run off 2nds and 3rds has tested our confidence.

Looking at our last hundred bets shows we have made a 16 point loss to starting price which when we reccommend a 2% stake would have lost you 32% of your bank, we prefer to think of it as "loaning" our money out to the bookies and expect it back with interest.

Using Betfair prices would have shown a 26% loss.

Now for the good news (we do have good news). With the flat season coming to a close and the main NH season about to get into full stride, we fully expect normal buisness to be resumed.

What happens if we had backed the same selections to "place" is a totally different picture ( you can back to place only on the exchanges), here you would have made 12 points profit.
Considering the place strike rate is much higher we would use double the stake we use for "win only" bets, in this case we would use 4%. Your place bank would be up by 48%.

Since starting proofing we have achieved a 33 point profit over 300 bets and a 50 point profit using Betfairs prices, these are for the win selections, you can see that using 2% and betfairs prices you would have doubled your bank.

The same selections using your "place" bank would have achived 32 points profit on Betfair and an increase in your bank of 128%.

Did you know you can play about with the staking at the tipping league ? You can show results for different time scales and also win bets, each way bets and place only bets.

Thats it for now, good luck and keep checking back. PRI.

www.proracinginvestments.co.uk