David and I have been talking about DYC and Stop at a winner over the last couple of days and where we are going to take it. As you know we have been giving away these selections away for a couple of months now and they are proving to be quite profitable especially the stop at a winner selection.

We also know from past experience that sometimes when we role out a new service then it can have a bad time and although we do not expect this to happen with stop at a winner, we are aware that it can happen.

At the same time the actual selection process that we use is quite complex and is taken David quite sometime to do it in the morning and although he doesn't mind, it is a little unfair to expect him to give out winning bets all the time without getting paid for the advice.

Anyway after a couple of conversations this is what we decided to do...

From next week we will offer you to join the service if you are interested for just £10 for the first 30days. So if you take it that you get about 26 days of selections in that period, then it is about 38p a day. I think doing it this way helps in two ways.

Firstly if you really do think these selections suit your style of betting then paying a little money for them will make you concentrate on them and really decide if they work for you.

Secondly it allows me to give David some money for taking the time to do the selections.

The goal in the first month should be for you to find out if you can make enough money from the selections to make more that the regular subscription fee which will be set at £29.99 a month. So you will want to make more than £1 a day!

I think this is a fare way of introducing the paid service.

Although I don't see a reason for limiting membership because as these are back bets then you can place your bets in all sorts of places, I still think restrictive membership allows us to give a more personal service so we will be keeping an eye on the numbers.

The service will include both Stop at a winner and DYC and I will let everyone who is on the tips list, know when we are ready to go live.

That means of course when we go live the selections will not be available in this email any longer so I would get on the list if you want to be kept informed of what we are doing.

http://www.horseracingsystemsuk.com/doubleyourchances.htm

Well that's it from me this week. I hope you have a good weekend and I will catch up with you on Monday.

You probably remember me saying that I went to a spread betting seminar last week with Hugo to learn his "magic Trading formula".

Well it appears he is going to run another seminar in February.

http://www.horseracingsystemsuk.com/hugo-seminar.pdf

Now you know I thought it was a great seminar and I learned a lot and I am still practising what I learned in order to perfect my skills, but the seminar isn't cheap so I don't want to start trying to convince you to part with your cash, especially if you are feeling the squeeze at the moment.

But what I will say is this. If you can afford it and you really are interested in learning about spread betting, then this is a seminar you really should consider attending.

If you do decide to you really want to go then please ring David Young who's number is at the bottom of the pdf and if you don't mind mentioning that you heard about the seminar from Malcolm at Bluebell.

http://www.horseracingsystemsuk.com/hugo-seminar.pdf

You will also have to fill out a seminar application form because this comes under the FSA.

http://www.horseracingsystemsuk.com/SAF.pdf

Let me know if you decide to go

If you are getting the Daily "Double your chance" selections direct from David then you would have noticed that he changed the email slightly. The top selection he now calls "DYC" (his double your chance a lay and a back and in the same race) and "stop at a winner" which is the "Double your chance" I have been showing.

Sorry for the confusion over this but it was just the pair of us not getting our act together. Anyway from now I will show both selections in this news letter.

Talking about David's double your chance have you been watching how well it is performing?

When we first ran it in this news letter it had a couple of losers but apart from that the lay is certainly doing well and there are some winners on the favourite as well. Here are the results.

http://www.horseracingsystemsuk.com/dyc.xls

My only concern with DYC is that the lay prices often make the selections prohibitive.

There was one other thing I wanted to mention regarding the "Stop at a winner" selections and again this is a little bit of communication problem between David and I and I only realised what he had been doing yesterday. The selection procedure is quite long for these and we take every runner in our chosen races and then use a multitude of form readings to get our two selections. This means that we don't necessarily get the favourite selections first and then the second selection, so sometimes the selections can be listed the wrong way around.

Now again this is a bit of a misunderstanding between David and me because when I check his results I see them in the correct order but as with yesterday they were in the wrong order.

So please can we make this clear now. We take the best price and that is always the left selection in the results and the second best selection is always the right selection in the results and so if you are betting on the second favourite only, you must take the worst price and not the right hand selection as shown in the email.



I hope this hasn't caused any problems for anyone.

We covered a possible staking plan yesterday for "Stop at a winner" and going by yesterdays results it could have been a stretch but using that particular staking plan and a low percentage of your bank you should be able to go quite a few losers.

The staking is based around 50pts so if we say we have a bank of £200 we could look at using say 5% of the bank. Before I get lot's of emails, I know that I normally recommend 1% of your bank but this is normally because I recommending lay bets and a more aggressive staking plan, although you should always look at betting the smallest amount that makes you happy.

So 5% of a £200 bank is £10 and £10 divided by 50pts is 20p a point so going back to Davids suggestion on stakes it would like this.

Favourite 1-5 or worse: £10 on the favourite only

Favourite 2-7 or worse: 9.00/1.00

Favourite 1-2 or worse: 8.00/2.00

Favourite odds-on 1-2 or better: 7.00/3.00

Both Selections 6-4 or better: 5.00/5.00

All other prices: 6.00/4.00

I must admit I am still not entirely convinced you would even need to use a staking plan on "Stop at a Winner" any more than you would using all the selections. I think the split you choose could be important and should certainly be managed.

More tomorrow.

David and I were having a quick conversation regarding the "Double your Chance" selections and using the dutching staking plan I suggested.

David has been looking at the results and this is what he sent me.



"I Have check my results using the Dutching System for staking and found that due to the variety of prices, and how short some of them become because of non-runners etc, this does not seem to work very well. When the first selection is a very short price then you always seem to end up with a losing bet. I have therefore devise my own staking plan which appears a much better return and very few losing bets.



Firstly this system is 'Stop at a Winner' so that is exactly what we do. We do not chase loses. The only thing I do is, after a losing bet I increase my next bet by my original bet each time, but as soon as I get a winner I stop.



STAKING PLAN using stakes of 50pts per race.

(50pts can be anything. If you choose £1 per point then it is £50 but if you decide that you can only afford 50p a point then it is £25 and a 35/15 split would be £17.50/£7.50)



Favourite 1-5 or worse: 50 on the favourite only

Favourite 2-7 or worse: 45/5

Favourite 1-2 or worse: 40/10

Favourite odds-on 1-2 or better: 35/15

Both Selections 6-4 or better: 25/25

All other prices: 30/20"



The problem of course with giving a guide like this is that we are likely to get variations in the results, depending on when you make your bet. But I think the point is that David thinks, that this is a better way of staking and although we may get different stake sizes, it is what happens to the individual that is important.

The other thing David has mention is staking. He increases his losses by his original bet when he has a loser.

The watch word here is "original" and it looks like this.

35/15

70/30

105/45

You may have to consider adjusting the staking slightly depending on the odds but remember this is not the same as increasing your stake by all your loses. Here you are simply using your original stake and adding that to your next stake. As with all staking you have to be careful, but this is a little less dangerous than the ones normally associated with "Stop at a Winner" type systems.

You may also have to consider swapping the staking around because as you can see in today's selections, the favourite is now the 2nd selection in two of the races.