Today I took my eye off the ball and it could have gone a bit pear shaped.  I’d done my calculations, decided that it was Ok to proceed, started the sequence and then discovered that Hexham had been cancelled due to high winds.  Fortunately the first race of the sequence (and of the day) was won by the favourite, but it was a reminder to pay attention.

Had the favourite not won the first race, I would have had to recalculate – using just two meetings – and if the potential liability was more than £300, call a halt and accept any (small) losses. 

RESULTS

Starting bank:                £2000
Daily target:                   £10
P/L:                               £150
Current bank:                 £2150