nunny said:
i think you misunderstood me,i agree you should never think you are better than the system,and should always stake as suggested,my profits didnt get wiped out in a day,just over a period of loosers,with the system backing 2nd favourites you need the luck and judgement from the tipster to give you a good start as most 2nd fav,s dont have a good price,if yor winners are followed by a few loosers it does not take long staking 900 per day to loose your profit,i sll recomend the melchior,the system tries to build up dosh gradually,o quick fix methods.and like i said roy who runs the system is a great bloke,whos always available for advice
Eventually your bank will be wiped out, and your Roy will make lovely excuses. I'm not being rude, just telling you what is going to happen.
In horse racing, and I may get flamed for this, when you are doing back testing and fitting methods to historical data you are doing, whether knowingly or not, no more than making the assiumption that it is a random sequence that you are dealing with. Problem with dealing in random sequences is that, whether you like it or not, you are not at any advantage if you are clever or dumb, since the system is mechanical. Granted you will have periods of profitability and losses, but do you seriously think anyone would want to sustain the painful period?
My advice to you nunny, and you don't have to take it, is get the Hell out of the Melchoir system and spend your profits/money that you would have lost on something enjoyable - like a holiday. Same for the Brimardon system.
I am sure that Roy is a nice guy and also so are the people at Brimardon. But ask yourself:
1) why do they need your money? (I know this is stated to death but it needs to be stated again)
2) where are they making THEIR money from, if they don't mind my asking?
I could tell you a system now that will have 80 or more winning days IN A ROW with a staking plan similar to the Melchoir, and then there will be events that wipes out the bank and I'll have to rejig a few rules and sweet talk the clients telling them it will get better, hope it will, and start the process all over again, collecting my subscriptions to keep me going.
Oh, and isn't it strange how these tipsters/service providers are so nice and well mannered when it comes to parting you with your money, almost sycophantically so.
As I stated before certain tipsters are very good, most are bloody awful. But if you are hoping to become very wealthy relying on them forget it. Livermore's advice about not taking any tips should apply to horse racing as well.
My personal view is that you can be profitable on your own backing and laying horses but the work involved is horrendous, and it's not a really sustainable livelihood, which is why the professionals need subscribers. In short the risk/reward ratio is not great, trading is easier than horse racing, because the horse can f*ck up all your analysis work on a race by falling, having a bad day, being doped etc . . .
Me and a friend of mine were thinking of getting into horse racing professionally. We would get a flat/house, spend 10 - 14 hours a day analysing the races and use back/lay our selections, and literally have no life apart from this - I am deadly serious about this. We know we can be profitable because we've done it in the past in a less intense way, but the hours and the work involved is too great for little rewards that we get and the losing runs would just p*ss us off. When we did it we took over 5K from betfair in a period of 3 months, working on the racing after coming back from work. We could have scaled up to make about 3 times that before emotions crepted in, but then both he and I realised what it was that it was doing to us. We are both quite young, early thirties, and realised that doing this literally left us with virtually no leisure time - because that's what it takes!!!
I don't mean to be motivational or anything, but it is my belief that you can be profitable if you give this game the dedication and attention it deserves, but you might not like the price you have to pay for it. The last thing I would ever want to do is to rely on a tipster or a system from somebody else, because then you just have expectation from someone/something that you don't really know much about.