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Jackpot Syndicate. Tue 4th April. Our first Trial Run. We ended up with the first five winners, but

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  • StayOrGoStayOrGo Member Posts: 12,181
    edited April 2017
    In Response to Re: Jackpot Syndicate:
    So there would be a minimum of how much per share to cover the costs?
    Posted by 1981MATT


    Hi Matt, well if I reduced it to 720 lines it would be £360, which means we'd need at least £360 in the kitty so to speak.

    So lets say that:

    1 share = £5 initial outlay, to get us started and £1 per week there after.
    5 shares = £25 initial outlay and £5 per week
    10 shares = £50 initial outlay and £10 per week
    25 shares = £125 initial outlay and £25 per week

    And any combinations there of.

    We would be able to start straight away provided we have "sold" atleast 72 shares. (72 * £5 = £360)

    I know a few people who will probably take 10 shares or more (if trials are successful) so we would reach and pass 72 quite easy I think.

    The problem comes when people want to join mid way through, but basically it would work like this for late arrivals:

    Initial cost per share = amount in kitty / total number of shares, then followed by £1 per week per share.

    Conversly, if people want to "opt out" at any point, they receive:

    Amount in kitty / total number of shares multiplied by how ever many shares they have.

    Hope this makes sense.

    Cheers,

    G

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  • 1981MATT1981MATT Member Posts: 1,776
    edited April 2017
    In Response to Re: Jackpot Syndicate:
    In Response to Re: Jackpot Syndicate : Hi Matt, well if I reduced it to 720 lines it would be £360, which means we'd need at least £360 in the kitty so to speak. So lets say that: 1 share = £5 initial outlay, to get us started and £1 per week there after. 5 shares = £25 initial outlay and £5 per week 10 shares = £50 initial outlay and £10 per week 25 shares = £125 initial outlay and £25 per week And any combinations there of. We would be able to start straight away provided we have "sold" atleast 72 shares. (72 * £5 = £360) I know a few people who will probably take 10 shares or more (if trials are successful) so we would reach 72 easy. Cheers, G
    Posted by StayOrGo


    Sounds good so far ��

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  • StayOrGoStayOrGo Member Posts: 12,181
    edited April 2017
    In Response to Re: Jackpot Syndicate:
    Dont forget if yours is a NR, goes on the fav, or if joint favs, lowest number cloth, and all that palava.
    Posted by chilling


    Yes indeed, when I won the Jackpot once before I was quite lucky, as I got it for £1 and not 50p, because I doubled up having the winner as the named favourite and also as a non-runner.

    So it can work out OK, but obviously we will try to avoid non runners. Also due to the importance of market changes, as this is a primarily a statistical exercise, the bet won't be struck until just before the off of the first race to ensure we have the most up-to-date info on market movers/non runners etc.

    Cheers,

    G
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  • StayOrGoStayOrGo Member Posts: 12,181
    edited April 2017
    I am prepared to put my money where my mouth is and take 25 shares.

    So a £125 initial outlay followed my £25 per week for me.

    If interested, let me know how many shares you would potentially like, so I can get a feel for how many shares we may sell.

    I do want to encourage small stake players to have a go too, so if you just want one share at £5 up front, then a pound a week, that's fine.

    Cheers,

    G
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  • the_bucklethe_buckle Member Posts: 52
    edited April 2017
    Sounds interesting, would defo be in for 5 shares. Happy to send the 5 weeks straight off
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  • wynne1938wynne1938 Member Posts: 20,556
    edited April 2017
    I thought the minimum stake on the jackpot was £1
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  • wynne1938wynne1938 Member Posts: 20,556
    edited April 2017
    I will have 5 shares.

    Let me know details of payment.
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  • StayOrGoStayOrGo Member Posts: 12,181
    edited April 2017
    OK, today's "would be" TRIAL RUN selections, trimmed down to 630 lines or £315. Please note, in reality we would not do the JackPot today as the roll over is too small.

    LEG1 - 2.00 KEMPTON:

    2 - MAN FROM MARS (11/10)
    5 - BURNING HEAT (7/2)
    8 - NEW MILLENIUM (13/2)
    ( RELUCTANTLY REMOVED ARGYLE TO REDUCE PERM SIZE, DRIFTER)

    LEG2 - 2.30 KEMPTON:

    1 - BIVOUAC (11/4)
    3 - LAURIUM (6/5)
    (RELUCTANTLY REMOVED JIMMY THE JETPLANE TO REDUCE PERM SIZE, SLIGHT DRIFTER)

    LEG3 - 3.05 KEMPTON:

    1 - LASER LIGHT (8/11)
    3 - JAISALMER (10/3)
    6 - WEALTH DES MOTTES (9/2) (I would normally remove this as it's a drifter, but left in as Wynne's choice, at expense of Jimmy the Jet Plane in previous leg)

    LEG4 - 3.40 KEMPTON:

    1 - BUGSIE MALONE (7/2)
    3 - CLOUDY BOB (6/1)
    4 - GLOBALISATION (7/1)
    5 - BRONCO BILLY (8/1)
    7 - HANDSOME SAM (8/1)
    8 - GET INVOLVED (8/1)
    9 - FIELDS OF GLORY (12/1)

    LEG5 - 4.10 KEMPTON:

    4 - TIMEFORWEST (4/6)

    LEG6 - 4.45 KEMPTON:

    2 - A MONTMARTE (9/2)
    4 - LANDSCAPE (10/3)
    7 - PHAR AWAY ISLAND (6/1)
    8 - DENNY KERRELL (9/1)
    6 - BETTERLATETHANNEVA (11/1)
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  • StayOrGoStayOrGo Member Posts: 12,181
    edited April 2017
    In Response to Re: Jackpot Syndicate:
    I thought the minimum stake on the jackpot was £1
    Posted by wynne1938


    The minimum unit stake is 50p, I believe £2 is the minimum total stake.

    The dividend however is declared to a £1 unit.

    So lets say after deductions there is £20K in the pool, and we are the only winners for a 50p line. We would get 10K and 10K would be carried over.

    If there were say £2 worth of winning tickets, we would win £5K and there would be no carry over.

    Cheers,

    G
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  • StayOrGoStayOrGo Member Posts: 12,181
    edited April 2017
    I was thinking instead of weekly payments, to just do it monthly to make admin easier, so it would be as follows:

    1 share = £5 per month
    5 shares = £25 per month
    10 shares = £50 per month
    25 shares = £125 per month

    Also doing it like this, we shouldn't need any one off payments. Any combinations in-between are fine.

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  • MAXALLYMAXALLY Member Posts: 17,621
    edited April 2017


    IN for 5 shares then. As mentioned before, purely as a financial backer.
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  • zadoczadoc Member Posts: 3,402
    edited April 2017


        Hi G

        Following with great interest.
     
        Could take 10 shares.

        Will leave selections to you.

        Thanks

        Roger.
        
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  • StayOrGoStayOrGo Member Posts: 12,181
    edited April 2017
    We'll see how we go in today's trial.

    As I said before:

    I think we win on average 1 time in 12, get either 4 or 5 legs correct 9 times out of 12, and 3 legs or worse the other two.


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  • MISTY4MEMISTY4ME Member Posts: 6,320
    edited April 2017
    Really interested to see how you do with this Graham, though sadly i can't afford to join you, but if you need any help with selections anytime from a neutral's perspective with quite a lot of knowledge of racing form and a pretty good record at the Festivals where the big jackpot rollovers often are, particularly in the jumps season, and when the big Graded Flat meetings are on. I also enjoy trying to find an outsider with a very good chance of winning so i would love to help.
    My one tip would to be very careful with ODDS-ON shots in handicaps (TIMEFORWEST today!), although they look to have a very good form chance, they have often had very recent runs, and are trying to take advantage, but they have a very poor record, only around 1 in 3 win. I know I never ever back odds-on shots in handicaps because of this. 

    GOOD LUCK mate and my very best wishes with it
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  • StayOrGoStayOrGo Member Posts: 12,181
    edited April 2017
    Our "Virtual" Jackpot is through the first leg with Man from Mars.

    It was favourite however, so an OK result but not great.

    Still in though. :=)
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  • StayOrGoStayOrGo Member Posts: 12,181
    edited April 2017
    In Response to Re: Jackpot Syndicate. Today's Trial Run selections in red on opening post:
    Really interested to see how you do with this Graham, though sadly i can't afford to join you, but if you need any help with selections anytime from a neutral's perspective with quite a lot of knowledge of racing form and a pretty good record at the Festivals where the big jackpot rollovers often are, particularly in the jumps season, and when the big Graded Flat meetings are on. I also enjoy trying to find an outsider with a very good chance of winning so i would love to help. My one tip would to be very careful with ODDS-ON shots in handicaps (TIMEFORWEST today!), although they look to have a very good form chance, they have often had very recent runs, and are trying to take advantage, but they have a very poor record, only around 1 in 3 win. I know I never ever back odds-on shots in handicaps because of this.  GOOD LUCK mate and my very best wishes with it
    Posted by MISTY4ME


    Point taken Mist, although I have explained at length my reason for needing one banker. Like you say a handicap is not ideal for this and perhaps Laser Light in the 3rd leg would have been a better banker, but that would have meant omitting one of Wynne's selections, so I went with TimeForwest instead. We shall see.

    Thanks for the offer to help, I will let you know. I don't like to put too many outsiders in my perm, but if you think you know of an outsider with a good chance let me know. Although I wouldn't want to be putting horses with odds of greater than 20/1 in the perm, it's not that sort of bet.

    Cheers,

    G
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  • StayOrGoStayOrGo Member Posts: 12,181
    edited April 2017
    7449.2 UNITS left after first leg.
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  • StayOrGoStayOrGo Member Posts: 12,181
    edited April 2017
    Another 1-2 in the 2nd leg, Laurium won, but again the favourite winning means a potentially low dividend.

    But still in.

    P.S. Well done Wynne with Laurium.
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  • MAXALLYMAXALLY Member Posts: 17,621
    edited April 2017


    Can we cash out yet? ;)
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  • StayOrGoStayOrGo Member Posts: 12,181
    edited April 2017
    In Response to Re: Jackpot Syndicate. Today's Trial Run selections in red on opening post:
    Can we cash out yet? ;)
    Posted by MAXALLY


    LOL, I'm afraid it's not that sort of bet Alan. :=)

    3,625 units left in after leg 2


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