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The obvious, if it makes money in a long run.
But I mean with a good prototype, how long do you test it before you consider it mature enough? over 1,000 trades? making over 1,000% return on investment?
Still, that is only successful on a technical level. After you have a technically sustainable system, how do you strategically play out the system in your hand. Are you satisfied with winning a few $k’s every now and then? Or build a software and sell it and share it with your members/clients for a bit more money. It might create competition to your own system. Or people can steal your idea?
What would you do at this stage
‘morning
70m
.
When I saw the heading I was quite excited but I misread the heading and thought it was HOW to make and not WHAT makes . . .
The first question is "
Do you have a successful system
?" and then perhaps any answers could be more specific.
Billy's Outback Shack
The obvious, if it makes money in a long run.
But I mean with a good prototype, how long do you test it before you consider it mature enough? over 1,000 trades? making over 1,000% return on investment?
Still, that is only successful on a technical level. After you have a technically sustainable system, how do you strategically play out the system in your hand. Are you satisfied with winning a few $k’s every now and then? Or build a software and sell it and share it with your members/clients for a bit more money. It might create competition to your own system. Or people can steal your idea?
What would you do at this stage
Systems need to account for value, without it there can be no overall profit. Sometimes one comes along that looks at racing in a different way, betting against the crowd, so finds value without looking for it. Trouble is once a system becomes well known it effects the odds available. Systems with a strike rate of 20% will work well if the average odds are 5/1 (ie better than 4/1). However, if too many punters know about it, those odds will no longer be available. With the strike rate remaining at 20%, WHEN the average price slips below 4/1 a LOSS is made.
Keep it to yourself, or if wanting to give "tips" to others, do it without saying "it’s a system". It will remain profitable for much longer. Just take the applause from those who believe you have the knack of tipping winners .
Value Is EverythingI must refer to the earlier posting from
Gingertipster
and express my absolute dismay when a forum member posts under the
systems
heading and advocates should anyone have a workable system they tell no one about it.
I agree with the logic but this is not the place to make such utterances, this is a place for sharing to the mutual benefit of all.
Billy's Outback Shack
if any one really had a good system you would keep it to yourself and only pass it on when you made your dough.of course you could take it with you to your next life
There is plenty out there for ALL to share for both backers and layers and the more business generated for the racing economy can only be good for the sport.
However there are many many small minded people who take the selfish view point which will result in an ever shrinking betting economy resulting in a stranglehold on the financial growth and then there will not be any betters or layers with whom you can do business.
A forum is a meeting place where views can be exchanged and sub divided into sectional areas of specialised interest. The last thing any sub-division such as SYSTEMS requires is persons with restricted opinions killing ideas and opinions as to how suggestions can be made to work. This can only result in driving the forum underground where such views, suggestions and ideas will only be exchanged via personal messages to the loss of genuine forum members resulting in the further loss of forum membership.
Billy's Outback Shack
Systems need to account for value, without it there can be no overall profit. Sometimes one comes along that looks at racing in a different way, betting against the crowd, so finds value without looking for it. Trouble is once a system becomes well known it effects the odds available. Systems with a strike rate of 20% will work well if the average odds are 5/1 (ie better than 4/1). However, if too many punters know about it, those odds will no longer be available. With the strike rate remaining at 20%, WHEN the average price slips below 4/1 a LOSS is made.
Keep it to yourself, or if wanting to give "tips" to others, do it without saying "it’s a system". It will remain profitable for much longer. Just take the applause from those who believe you have the knack of tipping winners .
Am afraid it’s a matter of mathematics Billion, and sadly long term successful systems are very rare. Why should an author crack the golden egg?
An excellant system with a 20% SR at average odds of 5/1 will make a profit.
If that exact system is put on a forum (and works equally as well); then more and more people will use it. Therefore, it becomes harder to get on at the best price. Once the average price taken is below (in this example) 4/1, it is no longer a successful system. That is not a "restricted opinion" it’s a "fact".Bookmakers may even find it and (knowing how the system works) reduce the price of the selections before anyone backs them. Again making the system obselete.
Unfortunately Billion, if anyone knows of a good system they should at least keep a lot of the detail to themselves, otherwise there is a big risk of it quickly failing.
I know one system "Ralphie’s Quick System" that seems to work, but don’t know the details, as the author has rightly kept the details to himself.
I too have a system…. but it will have to remain secret.
Of course it is possible to help each other without telling all.
Value Is EverythingI have little desire for this debate
Gingertipster
and any further comment can only be construed as contentious.
Billy's Outback Shack
There is plenty out there for ALL to share for both backers and layers and the more business generated for the racing economy can only be good for the sport.
However there are many many small minded people who take the selfish view point which will result in an ever shrinking betting economy resulting in a stranglehold on the financial growth and then there will not be any betters or layers with whom you can do business.
A forum is a meeting place where views can be exchanged and sub divided into sectional areas of specialised interest. The last thing any sub-division such as SYSTEMS requires is persons with restricted opinions killing ideas and opinions as to how suggestions can be made to work. This can only result in driving the forum underground where such views, suggestions and ideas will only be exchanged via personal messages to the loss of genuine forum members resulting in the further loss of forum membership.
If you had read and understood
Gingertipster
you should understand WHY?
Billy's Outback Shack
What odds you take makes a difference to profit. Unfortunate facts and pitfalls of betting should be pointed out Billion, even if you’d rather they weren’t.
If someone comes up with a successful system on here, their work will remain profitable for longer if they don’t give too much away. Lengthening profitability surely helps the forum? They can also help others to produce their own systems. Living in ignorace of simple facts does not help any forum.
Value Is EverythingAaroooon,
I like a debate, "intelligent discussion", argueing your case is all part of a discussion.I think some would rather ignore facts, deluding themselves that the prices a punter takes does not effect profitability. That’s ignoring the obvious.
The less well known a system is, the more likely it is to remain profitable. Sorry if you don’t like the facts and don’t like anyone pointing them out.
Value Is Everythingbeen working on my system for over six months now and i feel in order to show a system works you need to run it over a year showing the changes in season.
if your system makes a profit every month then keep it to your self as you have found the holy grail.
but like all systems you will find you do have losing months. i had quite surprisingly made 433 points in three months only to see 116 points wiped off in the following month. imagine if i had released this system after three months. i would have made alot of people unhappy on my first months launch.
my first system crashed after 4 months at huge losses .so stick to what you believe to be correct and then prove it with stats
try not to let the secret out of the bag as you will lose it to a sharlitian
im 6 months up with my new system and still in profit so still got 6 months to go..
goodluck with your system and remember dont give up .stick to your rules and let it run its course
I think if you make a steady profit over 6 months its safe to say your system is working… Why not write an e-book and sell your system?
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