Can all syndicate members that haven't already set up their standing orders, please do so ASAP, and notify me when you have done so.
Can you also check that the opening post spreadsheet accurately represents your position, and, if you haven't already, please make sure I have your email address.
With so much interest, I am going to need to be quite strict re deadlines for monies to be received etc, otherwise it could become very labour intensive and "awkward" if monies are received late.
I have added some more "rules" to the earlier "rules" post, I have cut and paste them below:
THE SELECTION PROCESS AND ETHOS: (GETTING IN THE RIGHT SPIRIT)
11) REGARDING PEOPLES SELECTIONS, PLEASE POST THEM AT LEAST ONE HOUR BEFORE THE FIRST RACE DETAILING THE TIME, CLOTH NUMBER, HORSE NAME AND ODDS, IDEALLY IN CAPITALS FOR CLARITY. I CAN NOT CONSIDER HORSES POSTED TOO LATE.
12) I MENTIONED PREVIOUSLY TO AVOID OUTSIDERS, AND I DO STILL THINK WE SHOULD AVOID THESE. HOWEVER DO POST AN OUTSIDER IF YOU FEEL REALLY STRONGLY ABOUT IT, AND IT WILL BE CONSIDERED. I MAY STILL REMOVE IT, BUT I WILL SHORT LIST IT.
13) IF THERE ARE TWO OR MORE POSSIBLE "BANKERS", I MAY ASK FOR THOUGHTS ON WHICH ONE WE SHOULD GO FOR.
14) DURING THIS PROCESS WE WILL, FOR SURE, ENDURE DISSAPOINTMENT. FROM NEAR MISSES, THE BANKER LETTING US DOWN, BUSTING THE FIRST LEG, HAVING SIX HORSES IN THE LEG, BUT STILL NOT GETTING THE WINNER. I ASK PEOPLE TO BE PATIENT AND NOT "RESULTS" ORIENTATED.
15) CONSTRUCTIVE CRITISCM IS WELCOME, BUT LETS GIVE THE PROCESS A GOOD CHANCE BEFORE BECOMING TOO OPINIONATED.
16) I AM HAPPY FOR PEOPLE TO SAY "I TOLD YOU SO" IF THEY HAVE MADE A SELECTION THAT I REMOVED, AND IT WINS, BUT UNLESS YOU MENTION IT BEFOREHAND, COMMENTS LIKE "WE SHOULD OF HAD THAT ONE IN" ARE COUNTER PRODUCTIVE.
17) PEOPLE ARE WORKING VERY HARD ON THIS (NOT JUST ME) AND INEVITABLY DECISONS WILL NEED TO BE MADE, THAT WILL MAKE OR BREAK US. IF I TRY TO PLEASE EVERYONE THE PERM WOULD BE TOO BIG.
18) IF ANYONE WISHES TO "CASH IN" AND LEAVE THE SYNDICATE, PLEASE LET ME KNOW AND YOU WILL BE REIMBURSED AT WHATEVER THE "SHARE VALUE" IS (IE KITTY/TOTAL NUMBER OF SHARES*YOUR NUMBER OF SHARES)
19) PLAYERS WILL BE DEEMED TO HAVE LEFT THE SYNDICATE IF PAYMENT IS NOT RECEIVED BY THE 28TH OF THE MONTH PRIOR. (MICKYBLUE HAS UNTIL 30TH AS HE REQUESTED A FEW DAYS DELAY TO FIT IN WITH HIS PAY DAY SCHEDULE)
20) QUITE OFTEN IN FLAT MEETINGS THEY START THINGS OFF WITH A "MAIDEN". THIS OFTEN HAS SEVERAL FIRST TIME OUT RUNNERS, AND WATCHING BETTING MOVES RIGHT UP TO THE LAST MINUTE IS KEY. THIS MAY RESULT IN THE SELECTIONS ONLY BEING FINALISED JUST BEFORE THE OFF. IN THIS CASE I WILL FIRSTLY JUST POST THE BET RECEIPT, SO YOU CAN SEE WE ARE ON. THE FINAL SPREADSHEET OF THE PERM WITH THEN FOLLOW SHORTLY AFTER. I APPRECIATE THIS MAY BE FRUSTRATING, BUT WE REALLY NEED THAT LAST MINUTE INFO IN THESE SCENARIOS.
21) LETS ALL HAVE SOME FUN WITH THIS. CONTRIBUTE AS MUCH AS YOU CAN/WOULD LIKE TO, I WILL ALWAYS LISTEN TO CONSTRUCTIVE THOUGHTS AND OPINIONS, IF SOMEONE THINKS WE ARE "MISSING A TRICK" SOMEWHERE.
I will be very strict on deadlines for monies received, so do make sure your standing order is set up promptly. It is YOUR RESPONSIBILITY to check the opening post from 25th onwards to confirm that I have acknowledged receipt of your payment. If monies are not received by the deadline, you will have zero shares for the month, and be deemed NOT to be in the Syndicate. There is so much to consider as it is, and I don't want to be responsible for chasing up payments.
If anyone thinks anything else needs to be covered in the rules, please let me know. GL us!
In the event of being lucky enough to get a decent cash, I will declare a dividend (will agree an amount on forum).
The money will be paid into people's accounts and it will look something like this on the ledger: (Snuffer has kindly agreed to act as auditor and one of his tasks will be verifying/checking these spreadsheets and figures.)
I have added some more "rules" to the earlier "rules" post, I have cut and paste them below: THE SELECTION PROCESS AND ETHOS: (GETTING IN THE RIGHT SPIRIT) 11) REGARDING PEOPLES SELECTIONS, PLEASE POST THEM AT LEAST ONE HOUR BEFORE THE FIRST RACE DETAILING THE TIME, CLOTH NUMBER, HORSE NAME AND ODDS, IDEALLY IN CAPITALS FOR CLARITY. I CAN NOT CONSIDER HORSES POSTED TOO LATE. 12) I MENTIONED PREVIOUSLY TO AVOID OUTSIDERS, AND I DO STILL THINK WE SHOULD AVOID THESE. HOWEVER DO POST AN OUTSIDER IF YOU FEEL REALLY STRONGLY ABOUT IT, AND IT WILL BE CONSIDERED. I MAY STILL REMOVE IT, BUT I WILL SHORT LIST IT. 13) IF THERE ARE TWO OR MORE POSSIBLE "BANKERS", I MAY ASK FOR THOUGHTS ON WHICH ONE WE SHOULD GO FOR.14) DURING THIS PROCESS WE WILL, FOR SURE, ENDURE DISSAPOINTMENT. FROM NEAR MISSES, THE BANKER LETTING US DOWN, BUSTING THE FIRST LEG, HAVING SIX HORSES IN THE LEG, BUT STILL NOT GETTING THE WINNER. I ASK PEOPLE TO BE PATIENT AND NOT "RESULTS" ORIENTATED. 15) CONSTRUCTIVE CRITISCM IS WELCOME, BUT LETS GIVE THE PROCESS A GOOD CHANCE BEFORE BECOMING TOO OPINIONATED. 16) I AM HAPPY FOR PEOPLE TO SAY "I TOLD YOU SO" IF THEY HAVE MADE A SELECTION THAT I REMOVED, AND IT WINS, BUT UNLESS YOU MENTION IT BEFOREHAND, COMMENTS LIKE "WE SHOULD OF HAD THAT ONE IN" ARE COUNTER PRODUCTIVE. 17) PEOPLE ARE WORKING VERY HARD ON THIS (NOT JUST ME) AND INEVITABLY DECISONS WILL NEED TO BE MADE, THAT WILL MAKE OR BREAK US. IF I TRY TO PLEASE EVERYONE THE PERM WOULD BE TOO BIG. 18) IF ANYONE WISHES TO "CASH IN" AND LEAVE THE SYNDICATE, PLEASE LET ME KNOW AND YOU WILL BE REIMBURSED AT WHATEVER THE "SHARE VALUE" IS (IE KITTY/TOTAL NUMBER OF SHARES*YOUR NUMBER OF SHARES) 19) PLAYERS WILL BE DEEMED TO HAVE LEFT THE SYNDICATE IF PAYMENT IS NOT RECEIVED BY THE 28TH OF THE MONTH PRIOR. (MICKYBLUE HAS UNTIL 30TH AS HE REQUESTED A FEW DAYS DELAY TO FIT IN WITH HIS PAY DAY SCHEDULE) 20) QUITE OFTEN IN FLAT MEETINGS THEY START THINGS OFF WITH A "MAIDEN". THIS OFTEN HAS SEVERAL FIRST TIME OUT RUNNERS, AND WATCHING BETTING MOVES RIGHT UP TO THE LAST MINUTE IS KEY. THIS MAY RESULT IN THE SELECTIONS ONLY BEING FINALISED JUST BEFORE THE OFF. IN THIS CASE I WILL FIRSTLY JUST POST THE BET RECEIPT, SO YOU CAN SEE WE ARE ON. THE FINAL SPREADSHEET OF THE PERM WITH THEN FOLLOW SHORTLY AFTER. I APPRECIATE THIS MAY BE FRUSTRATING, BUT WE REALLY NEED THAT LAST MINUTE INFO IN THESE SCENARIOS. 21) LETS ALL HAVE SOME FUN WITH THIS. CONTRIBUTE AS MUCH AS YOU CAN/WOULD LIKE TO, I WILL ALWAYS LISTEN TO CONSTRUCTIVE THOUGHTS AND OPINIONS, IF SOMEONE THINKS WE ARE "MISSING A TRICK" SOMEWHERE. I will be very strict on deadlines for monies received, so do make sure your standing order is set up promptly. It is YOUR RESPONSIBILITY to check the opening post from 25 th onwards to confirm that I have acknowledged receipt of your payment. If monies are not received by the deadline, you will have zero shares for the month, and be deemed NOT to be in the Syndicate. There is so much to consider as it is, and I don't want to be responsible for chasing up payments. If anyone thinks anything else needs to be covered in the rules, please let me know. GL us! Posted by StayOrGo
In my opinion it is essential that this be seriously noted. I have (with others) for number of years backed 8 football teams (same teams every week) to win on a weekly basis (7 from 8 and 8 from 8). Occasionally there will be less playing or 2 selection are playing each other etc and the perm is adjusted accordingly. Some weeks it is very frustrating (getting 6 correct and the "1 to 4" shot lets you down etc.). In the long run it works, out of 38 bets so far this season we have had 2 maximum cashes and 4 minor cashes with an ROI of 165%. We have had at least one maximum cash in each of the last 4 seasons.
I thought it would be useful to make this post to emphasise the point that is being made. Remember PATIENCE is a virtue.
The toughest job is likely to be finding a ratio for the syndicate oulay per jackpot attempt, against the jackpot pool itself. Posted by chilling
Not sure it's the toughest job, but certainly does need considering.
At the ealy stages, I will probably limit it to scenarios where we don't need to lay out more than £400 a time, so that we can hopefully have at least two attempts per month.
If we need a bigger perm than this, then it probably is too "open" a meeting.
However, IF, we have a decent balance in the Kitty then at that stage we can possibly consider bigger perms in the more competitive cards. (subject to forum approval)
Please note, the deadline for New Members to be involved in the syndicate for May is
20th April.
This is also the final date that Standing Orders can be set up.
Also please note: After this date, new members will not be able to join until the next "betting month" begins, nor will existing members be able to changetheir number of shares "mid month".
I am sure you understand it has to be like this, otherwise the administration becomes very difficult.
Comments
Can all syndicate members that haven't already set up their standing orders, please do so ASAP, and notify me when you have done so.
Can you also check that the opening post spreadsheet accurately represents your position, and, if you haven't already, please make sure I have your email address.
With so much interest, I am going to need to be quite strict re deadlines for monies to be received etc, otherwise it could become very labour intensive and "awkward" if monies are received late.
Many thanks,
Graham
END
The new member will pay a one off amount of (value per share*number of shares required) and then the appropriate standing order amount.
Cheers,
G
The money will be paid into people's accounts and it will look something like this on the ledger: (Snuffer has kindly agreed to act as auditor and one of his tasks will be verifying/checking these spreadsheets and figures.)