Hey Everyone,
Before I get into Week 11 results, I want to address some questions that have been raised over the last few weeks, I would like to firstly let you all know a little about me.
I am 44 this year married with teenage children one of whom is engaged. I live on a rural property on the outskirts of Sydney and I work for arguably the biggest global manufacturer of retail electronic devices as the Australian Technical Support engineer covering their print/copy products.
Educationally, left school in year 10 (the fourth form). Went to technical college and gained an electronics engineering certificate. I have taught myself to write various coding languages over the years starting as far back as using BASIC on a Commodore PET during my school days.
Punting, hmm I guess I was first exposed to punting via my grandparents who emigrated from the north of England when my father was only 2. They would always take me up to the TAB (OTB) to put the bets on. And on occasion my Grandmother would have me pick the daily double from the paper.
My Grandmother’s system was simply to back any horse that had one of the 14 grandchildren’s name in it. Surprisingly she did quite well, they were never rich but it made a few pennies here and there for them.
As I got older and got more involved in the world of computers and discovered the world of racing statistics, I started using computers to crunch the data and come up with selections. This was at times profitable but never for a very long time.
The things I learned along the way are thus:-
• I could stare at a horse all day and still not know if it was a good horse or not
• I could pour over form guides for hours and still not be able to narrow any race down to one single selection
• I am easily swayed by emotion when punting (too easy to break the rules)
• I am easily swayed by the ‘experts’. I let them steer me off my picks.
It’s those four things that really started me investing my time in automating my punting. I learned a long time ago that using any system to try and pick the winner is only as good as it’s last win. I mean they all work to a degree but all eventually fail in the long run.
This is why the Money Spinner simply picks Favourites and uses a complex staking and recovery plan to make money. Statistically in both AUS and UK horse racing the favourite will come in roughly 30% of the time. The downside is the prices are short.
OK I hope that addresses some of the questions that some have had about who I am and what the Money Spinner is. It doesn’t aim to make you a fortune every day, it’s goals are simple, aim for 7.5% and then accept lower if it’s all not going so well.
The idea is to try and take the emotional aspect out of punting, but still leave you feeling as though you can trust it.
I think It is inching ever closer to that target with the current IDoLL release. (Hmm Yes I spent some time in Marketing – my apologies).
Ok the final question and it’s the big one everyone always asks, as I used to as well. If the system works why sell it, why not keep it and make all the money from it yourself. There’s a simple answer to that, I don’t believe there is a system out there that will earn you enough income on a regular basis to pay off the mortgage and quit your job. Let’s look at the maths involved and maybe you will see why I say that.
Firstly, most systems that promise the world and untold riches seem to publish their results files only for a select period of time and never seem to be updated. Also strangely they have huge starting balances, in the order of $10,000 plus minimum.
Now as I stated earlier The Money Spinner aims to make 7.5% every session so if I published select results using a start balance of $10,000, well that would equate to $750 profit everyday WOW!!!.
You starting to get the picture here.
Let’s look at the amount of cash you need to have to be able to have in order to give up work and make a living from the punt. Most professional punters I have spoken to here in AUS say that they have a working balance plus at least 2 years wages in reserve balances, for those rainy days.
Now they target to win twice what they need to survive, half goes in their wages and the other half goes to building up more reserves. So let’s say your yearly wage is $50,000 keeping it simple lets also say that equals $1000 a week.
So remembering that we need 2 years reserve tucked away for a rainy day that’s $100,000 to start with. Now obviously we want to take home every day what we take home now. So working on a five day week, $200 per day. Remember though we want twice that to keep building reserves so $400 per day.
If our system nets us 5% per day that means we need a starting balance of $8,000.
So all up we need a total of $108,000 comprising of two years wages plus a working balance of $8,000.
I am happy to listen to anyone else’s views on these numbers but for me those numbers would mean financial security.
So, consequently as I don’t have that amount of cash laying around, why not sell my ideas? Would any of you do any less?
Ok the asking price, it was set originally in order that you could start with a very, very modest balance and eek out a little bit of profit enabling you to buy your next instalment as well as put some in your pocket.
Having said all of that I still think it is pretty good value, the Money Spinner consists of 57 individual triggers, plus 52 conditions scattered amongst those triggers. So it’s quite a complex thing, along with that there was over 1,057 hours of development involved to get it where it is today (yes I did keep a record) according to my current pay rate that’s over $40,000 in man hours, and I have invested over $2,000 in testing – I only test in real mode in order to make sure it’s right.
So you can see what I have spent and where I want to be, so therefore – the reason for offering the trigger for sale.
But and this is the big BUT, I don’t care if I don’t sell it – you see I like it, I get enjoyment from watching it work and improving on it. No that doesn’t mean I am going to give it away lol.
Ok enough of all of that.
WEEK 11 RESULTS
Week 11 was more testing in the beginning of the week you will notice the big loss early on – all part of live testing. Towards the end of the week you can see that the Money Spinner can recover nicely and not risk large amounts of capital on any one bet. Even on the loss days the losses were not substantial.
I think the Cheltenham carnival in the UK is much like carnival time here in AUS, there seems to be a lot of silly money in the markets. A lot of short favourites that shouldn’t have been, a lot of markets with multiple favourites. The strike rates and long runs of outs should show that. Including a run of 20 outs. A point of interest is that it didn’t wipe out the balance the loss was only 0.3% of the balance.
So I think the Money Spinner is in good shape but I will continue to try and improve it.
Regards
Brett
Happy Punting.
Brett
http://money-spinner.tripod.com
