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** JACKPOT SYNDICATE ** ROYAL ASCOT ** THANKS TO ALL WHO HELPED **
Hi all.
I know the Placepots didn't turn out as we hoped, and no doubt doing them will meet with mixed reviews. Whether we attempt them again at big festivals can be discussed at a later date.
I do think, were we the right side of the track biases, that we would have done very nicely, but that's irrelevant for now.
Over all we had a net loss of £565.88 = £1.48 loss per share, so not great, but not a disaster.
So much effort went into these attempts, and I wanted to thank a few people:
Firstly without doubt, the person who deserves the most credit is Roger (Zadoc) who had arguably the toughest job in prepping all the spreadsheets for each of the days. No small task with the size of the fields.
As is Roger's nature, he was very obliging, courteous and understanding when we cancelled Friday and Saturday at the last minute, despite the fact that he had already prepped both days.
I think Roger quite enjoys doing the spreadsheets (correct me if I am wrong) but it would always be handy if we could have a back up/assistant for him on these extra busy times or if he is away. So if there are any volunteers to cover for Roger if/when he can't do it, please put yourself forward.
Next in equal measure, I'd like to thank, Dollie, Snuffer and Phantom.
We all know and have seen the hard work that Phantom has put in doing the NAP's leader boards and also defining better processes and templates, without him, especially over Ascot, I just wouldn't have been able to manage.
Snuffer has been doing some great work in consolidating everyone's NAP's and Removals so that it was easier for me to assess, along with Micky and Vaigret he was also one of the first to check peoples scores etc. In addition to this he has a key role behind the scenes with the audit and validation of financial screenshots etc.
I must also thank Dollie, not only does Dollie verify and audit all the financial transactions and share holdings, but he also sent me running balances to cross reference with my own for all the days we placed bets for Ascot.
In fact the work he has done in general on the financial audit workbook that he designed and maintains was quite exceptional, and is a very reliable and thorough audit indeed, which benefits us all. This work is often not seen, but it is very important.
A few others now to thank. MAXALLY does a great job, getting all the NAP's on one page (usually at the top) and maintaining all the results. Vaigret, Wynne, Misty, Micky, Phantom, etc are always very helpful with their thoughts on the race dynamics etc. (sorry if I missed anyone)
Finally, I'd like to thank everyone who takes part in the NAP's and REMOVAL's process. I know we don't always agree, and sometimes I have to make tough decisions when the perm cost starts to swell, but the spirit in which everyone contributes is much appreciated.
OK, so what is next?
I am not expecting payments to come in today (24th June) as it's Saturday, so hopefully I will be able to verify them early on Monday morning (26th June)
We have £296.77 left in the kitty, so if the JACKPOT rolls over tomorrow, then we may have a crack at the Jackpot on Sunday.
Just as an early heads up, I expect the Jackpot to be at Worcester on Sunday. (To be confirmed)
It's quite a tough card (although how tough I won't really know until this afternoon/evening.) So this brings up a question.
Normally I only like to attempt the Jackpot if I think we statistically have a better than 1 in 12 chance of success. I feel, as it stands atm that Worcester will be quite tough, and I'd say that our chance (using the £296.77 that we have) would be more like 1 in 25 or 4%.
If it rolls over and we got the Jackpot up, would it pay more than 25 * our stake on average? Yes I think it would. So I do think it would be +ev (assuming a roll over), but it's higher variance than normal.
So, assuming a roll over, and taking into consideration the above, do people still want to go for it?
Please bear in mind, IF we go for it, I may need to leave out some of the NAPS and horses people have left in or added, to avoid spiralling perm costs. Please don't take this personally, it's just one of the tough things I have to consider, and for sure, I won't always get it right, but will do the best I can with the information at hand.
Please let me know your thoughts re Sunday, thanks again for your continued support and assistance.
I know this month has not gone well financially, and we will have months like this, so your co-operation, support and understanding of the variance involved, is even more appreciated at this time, than when we are winning.
All the best, and GL to us going forward!
Cheers,
G
I know the Placepots didn't turn out as we hoped, and no doubt doing them will meet with mixed reviews. Whether we attempt them again at big festivals can be discussed at a later date.
I do think, were we the right side of the track biases, that we would have done very nicely, but that's irrelevant for now.
Over all we had a net loss of £565.88 = £1.48 loss per share, so not great, but not a disaster.
So much effort went into these attempts, and I wanted to thank a few people:
Firstly without doubt, the person who deserves the most credit is Roger (Zadoc) who had arguably the toughest job in prepping all the spreadsheets for each of the days. No small task with the size of the fields.
As is Roger's nature, he was very obliging, courteous and understanding when we cancelled Friday and Saturday at the last minute, despite the fact that he had already prepped both days.
I think Roger quite enjoys doing the spreadsheets (correct me if I am wrong) but it would always be handy if we could have a back up/assistant for him on these extra busy times or if he is away. So if there are any volunteers to cover for Roger if/when he can't do it, please put yourself forward.
Next in equal measure, I'd like to thank, Dollie, Snuffer and Phantom.
We all know and have seen the hard work that Phantom has put in doing the NAP's leader boards and also defining better processes and templates, without him, especially over Ascot, I just wouldn't have been able to manage.
Snuffer has been doing some great work in consolidating everyone's NAP's and Removals so that it was easier for me to assess, along with Micky and Vaigret he was also one of the first to check peoples scores etc. In addition to this he has a key role behind the scenes with the audit and validation of financial screenshots etc.
I must also thank Dollie, not only does Dollie verify and audit all the financial transactions and share holdings, but he also sent me running balances to cross reference with my own for all the days we placed bets for Ascot.
In fact the work he has done in general on the financial audit workbook that he designed and maintains was quite exceptional, and is a very reliable and thorough audit indeed, which benefits us all. This work is often not seen, but it is very important.
A few others now to thank. MAXALLY does a great job, getting all the NAP's on one page (usually at the top) and maintaining all the results. Vaigret, Wynne, Misty, Micky, Phantom, etc are always very helpful with their thoughts on the race dynamics etc. (sorry if I missed anyone)
Finally, I'd like to thank everyone who takes part in the NAP's and REMOVAL's process. I know we don't always agree, and sometimes I have to make tough decisions when the perm cost starts to swell, but the spirit in which everyone contributes is much appreciated.
OK, so what is next?
I am not expecting payments to come in today (24th June) as it's Saturday, so hopefully I will be able to verify them early on Monday morning (26th June)
We have £296.77 left in the kitty, so if the JACKPOT rolls over tomorrow, then we may have a crack at the Jackpot on Sunday.
Just as an early heads up, I expect the Jackpot to be at Worcester on Sunday. (To be confirmed)
It's quite a tough card (although how tough I won't really know until this afternoon/evening.) So this brings up a question.
Normally I only like to attempt the Jackpot if I think we statistically have a better than 1 in 12 chance of success. I feel, as it stands atm that Worcester will be quite tough, and I'd say that our chance (using the £296.77 that we have) would be more like 1 in 25 or 4%.
If it rolls over and we got the Jackpot up, would it pay more than 25 * our stake on average? Yes I think it would. So I do think it would be +ev (assuming a roll over), but it's higher variance than normal.
So, assuming a roll over, and taking into consideration the above, do people still want to go for it?
Please bear in mind, IF we go for it, I may need to leave out some of the NAPS and horses people have left in or added, to avoid spiralling perm costs. Please don't take this personally, it's just one of the tough things I have to consider, and for sure, I won't always get it right, but will do the best I can with the information at hand.
Please let me know your thoughts re Sunday, thanks again for your continued support and assistance.
I know this month has not gone well financially, and we will have months like this, so your co-operation, support and understanding of the variance involved, is even more appreciated at this time, than when we are winning.
All the best, and GL to us going forward!
Cheers,
G
Comments
Agree with all your words mate and the biggest thank you should go to you, without you all other peoples work and "fun" would be meaningless.
If rollover to sunday it should be a definite go imo as you wont get many chances of such a biggy.
Father V
To give you a break, in anticipation of a roll over at Worcester, I will prep the spreadsheet.
Cheers,
G