Daily Dabble

Daily Dabble Update, 8th to 14th July 2013

Daily Dabble: Update

Daily Dabble: Update

Daily Dabble Update: 08/07/13 to 14/07/13

It was a week of two halves this, as we finally called time on the original E/W double concept and moved to a more stringent selection process to aim for more consistency at shorter prices.

The E/W policy wasn't bearing profit, despite being constantly very close to do so, but it did become apparent that we were "chasing the big one" the longer we persisted. A 50% place strike rate, including a 7/1 winner in the first three days of the week vividly highlighting the issue!

Whilst the change to a shorter priced 1pt E/W double doesn't have the same potential for a big win, we're confident that we've more chance of consistency, which should build the bank steadily.

Selections & Results: 08/07/13 to 10/07/13
(E/W doubles)
08/07: 3rd at 14/1 & u/p
09/07: 2nd at 5/1 & u/p
10/07: Won at 7/1 & u/p

08/07 to 10/07:
1 winner from 6 = 16.67%
3 placers from 6 = 50.00%

Doubles:
0 winning bet from 3 = 0.00%
P/L: -6.00pts
ROI: -100%

July Overall (E/W Selections):
4 winners from 19 = 21.05%
9 placers from 19= 47.37%

July E/W Doubles:
1 winning bet from 10 = 10.00%
P/L: -14.00pts
ROI: -70.00%

To lose 70% of stakes in 10 days, despite having a win strike rate of over 21% and a place strike rate approaching 50% shows the difficulty here. Backing the selections as win only singles was profitable, but that wasn't the remit!

Selections & Results: 11/07/13 to 14/07/13
(1pt win doubles)
11/07: 2nd at 15/8 &  u/p
12/07: 2nd at 11/10 & u/p
13/07: 11/10 winner & 13/8 winner (Double paid 4.5125/1)
14/07: 2nd at 6/4 & 3rd at 6/4

11/07 to 14/07:
2 winners from 8 = 25.00%
6 placers from 8 = 75.00%

Doubles:
1 winning bet from 4 = 25.00%
P/L: +1.5125pts
ROI: +37.81%

 

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2 replies
  1. ruskopete says:

    With the new selection method are you still doing EW double’s or are you doing win double’s?

    • Chris Worrall says:

      Hi,
      We’re just looking at a 1pt win double.
      Doubling the exposure on shorter priced horses is likely to be less profitable in the long run, despite yesterday’s results.

      Cheers,
      Chris

Comments are closed.