23rd August
People are emailing me and asking why I dont try and make more than the £16 in running as it doesnt seem a lot to them!! Well £16 may not seem a lot to you but they all add up. I do realise that I am being conservative with my approach though and I will re assess at the end of this month and I may up the ante a bit.
The £16 of course is not always just £16. I reckon that 18% of Jinxys selectiosn go on to win the race, some at big prices. So it goes like this.
I place my £100 win bet at say odds of 8.8 and my lay off bet to make £30 before the off is placed at a stake of £131.50 (to cover commission) at odds of 6.6
If I dont get a pre race trade then I will change my lay off stake to £117 and go in running, if I leave the lay off odds at 6.6 then if matched I will get my £16 profit and if the horse goes on to win I will in fact make £118 profit.
Somemtimes when going in running I may alter the lay off odds, say to 7.2, if matched this will give me the same £16 profit but should be easier to get at 7.2 rather than 6.6 and if the horse wins I will then only make £52 instead of £118.
Its each to their own of course but Jinxy gives us the ammunition, its us to me to make money from it and I dont like losing. It took a lot of research into Jinxys previous selections before I arrived at this staking plan and I'm happy with it as you can see from the results. Although I may up the ante in due course.