Very interested in achieving the following..
El Capitain -
Before you continue with this strategy, I would urge you to read everything that has been written in this forum about martingale and think about it seriously.
Also, run simulations on my spreadsheet, playing with the settings. You'll find that, more often than not, you'll end up losing your shirt. It will show you what will happen sooner or later in real life if you continue.
The forum has a number of Betfair pros and highly intelligent horse racing enthusiasts, yet not one has stepped forward to defend martingale. Doesn't that tell you something?
All the best.
Jeff
Before you continue with this strategy, I would urge you to read everything that has been written in this forum about martingale and think about it seriously.
Also, run simulations on my spreadsheet, playing with the settings. You'll find that, more often than not, you'll end up losing your shirt. It will show you what will happen sooner or later in real life if you continue.
The forum has a number of Betfair pros and highly intelligent horse racing enthusiasts, yet not one has stepped forward to defend martingale. Doesn't that tell you something?
All the best.
Jeff
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elcapitain
- Posts: 45
- Joined: Tue Feb 22, 2011 4:01 pm
jeff, you could be on to something.
after this week, i will knock it on the head.
after this week, i will knock it on the head.
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elcapitain
- Posts: 45
- Joined: Tue Feb 22, 2011 4:01 pm
After running through jeffs spreadsheet, i could see this wouldnt work.
I have seen the error of my ways and now use level staking the same as with my other martinesque strategies.
Thanks to more experienced guys in this forum.
The cap'n.
I have seen the error of my ways and now use level staking the same as with my other martinesque strategies.
Thanks to more experienced guys in this forum.
The cap'n.
I've been following this thread and hoping the constructive comments from jeff would put you right...and at last they have! Well done for taking notice capn and good luck!elcapitain wrote:After running through jeffs spreadsheet, i could see this wouldnt work.
I have seen the error of my ways
Thanks to more experienced guys in this forum.
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elcapitain
- Posts: 45
- Joined: Tue Feb 22, 2011 4:01 pm
Hard to admit you are wrong when you win every day. But would only be so long until i get Caught out like at uttoexter.
If i could get 100k matched, it might be plausible but not likely as price would go ballistic.
If i could get 100k matched, it might be plausible but not likely as price would go ballistic.
It appears that the old MG is back!mugsgame wrote:Am I allowed to use the C word?
Not only that, but unless your name is Wayne Rooney, you probably can't afford to be betting £100,000 on the outcome of a horse race!el capitain wrote:If i could get 100k matched, it might be plausible but not likely as price would go ballistic.
Anyway, I'm glad that my spreadsheet has caused you to abandon your martingale system.
Jeff
Every rich man in history. Why? They perfected little and often.
Colman's Mustard. That little bit of yellow on your plate with every slice of beef.
Will Hill. That little fullter on the weekend, why not
Beaverbrook. That teeny tuppeny to buy a newspaper.
Andy Carnegie. That wee trip on the railiways.
Bill Gates. That nothing really wedge you make every two years to use your PC.
You get the point.
Colman's Mustard. That little bit of yellow on your plate with every slice of beef.
Will Hill. That little fullter on the weekend, why not
Beaverbrook. That teeny tuppeny to buy a newspaper.
Andy Carnegie. That wee trip on the railiways.
Bill Gates. That nothing really wedge you make every two years to use your PC.
You get the point.
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elcapitain
- Posts: 45
- Joined: Tue Feb 22, 2011 4:01 pm
Not sure i get you kelpie?
I try to turn over the bank as fast as possible?
I try to turn over the bank as fast as possible?
Glad you'v seen the light,
That system looks so good when you first see it, when you do the maths you then realise that it doesnt work.
winning money is all about hard work learning how to win isnt easy but there is people that do it, maybe you will be on of them but never think of that system again or you wont be.
good luck captain.
That system looks so good when you first see it, when you do the maths you then realise that it doesnt work.
winning money is all about hard work learning how to win isnt easy but there is people that do it, maybe you will be on of them but never think of that system again or you wont be.
good luck captain.
My point.... slow and steady wins the race.elcapitain wrote:Not sure i get you kelpie?
I try to turn over the bank as fast as possible?
You need a system that grows your bank a few percent each time. Then you'll be a winner in the long run.
Good luck!