It started off OK and by the forth race I was more than 2 points up. I think at one point I was up even further than that. But as the day wore on the results went down the pan and in the end I was looking at a loss that took all the previous couple of days gains away. So not I am back to an overall loss of 9 Euro. So the loss today was 9.43 points of the betting bank which works out to 37.75 euro.

So I should have started with at least 120 euro in the betting bank and would have been better with more, maybe 200 or 240 euro.

Not too worried about it as it is all about the long term with this system but I wouldn’t want to see a losing run lasting too long. My betting bank isn’t really big enough for running this system but my min bet size with Betfair is 4 euro. So I should have started with at least 120 euro in the betting bank and would have been better with more, maybe 200 or 240 euro. I only started with 80 and now I am down to 71.80 Euro. I have some cash that I can add to it at the beginning of next month but for now I have to run with this.

What I would like to do is work on a percentage basis. I think 2% of the betting bank would work well for me. With the Racing Place software I could set that in the parameters easily and it would be nice to have it work on a race by race basis. Could start to see some compounding in action with that. But to have 2 % as my amount to bet on each race I would need a betting bank of 400 Euro so until I get to that level I will have to be cautious and try and protect the betting bank as best I can.

I think part of the problem with today was that there were a few races with 13 runners. The probabilities of picking 3 horses to be placed with that size of field is not too good. Working with a race of 9 or 10 runners would be much better odds. Maybe I will have to make a separate decision concerning races where there are too many runners.

So for now we will have to hope that tomorrows picks are better than todays.

Still using BetIE as my betting software for placing the bets and don’t forget that you can do this in learning mode and try out this or any other system without risking any cash.