Monday, April 20, 2009

Dead Heat

If any of you followed the tip you will have seen that the Horse was involved in a Dead Heat. This threw up an interesting scenario for me which I have not encountered before. I backed the horse with £30 at 3.7 for a potential profit of £81. Therefore I thought I would make a profit of half that when the horse tied for first. What I forgot was that I lost half my stake as well! Therefore my profit was only £24 after commission.

This made me realise that if you back a horse less than evens and it Dead Heats then you would actually lose money. Something useful to know.

I think I will bring an end to my tipping service at this point with a 100% record or is that 50% I am not sure.

Sunday, April 19, 2009

New Tipping service!

For one day only I am offering you free access to my own tipping service! The one and only tip from this service is Always Cruising in the 1450 at Wincanton today. My very reliable information comes from a friend of a friend of a friend that I once knew.

Please note I accept no responsibility if the horse doesn't win.

Sorry for lack of updates but I will try to post later this week with my progress or lack of it!