With the overall ROI for the racing services this year standing at a sliver under 15%, it feels a little daft to be talking of recoveries, but I do wonder if we are just seeing Performance Value’s drawdown level out and a recovery get underway.
It’s a bold statement to say that the recovery has definitely gotten going when last week’s figures show a profit of a mere half point, but a decent day yesterday and Monday (figures not included in this post’s update) which follow a week to ten days of not dropping lower than the previous deepest drawdown point have got me all optimistic.
My thinking is that for a service like Performance Value, when a nasty spell hits it probably feels worse than it might because we’re generally backing horses towards the front of the market. If we’re backing 10/1+ shots every time, then we brace ourselves for losing runs. In fact, I’d go as far as to say we psychologically prepare ourselves by accepting that the drawdowns are inevitable and unavoidable. Betting at shorter prices though? These beggars should be winning, no? So when the equally inevitable losing spell comes, perhaps we find it tougher to deal with?
I don’t know. But what I do know is that I suddenly feel optimistic that we’ve seen the worst of this PV drawdown. Time will tell of course. Let’s see what I’m writing next week.
Bet Alchemist (100pt bank): Staked 443pts, +59.271pts, roi 13.37%, roc 59.27%, High: 67.66pts, CDD: -8.389pts, Max DD: -25.65pts.
Northern Monkey (100): Staked 539.725pts, +161.721pts, roi 29.96%, roc 161.72%, High: 200.604pts, CDD: -38.883pts, Max DD: -40.22pts
Precision Value (200): Staked 893pts, -8.614pts, roi -0.96%, roc -4.3%, High: 55.986pts, CDD: -64.6pts, Max DD: -66.433pts.
Racing Service 1 (50): Staked 32.5pts, +3.312pts, roi 10.19%, roc 6.62%, High: 12.312pts, CDD: -9pts, Max DD: -8pts.
Racing Totals: ROI 14.94%, ROC 55.82%
*ROI – Return On investment, ROC – Return On Capital (ie. bank growth), CDD – Current Drawdown, Max DD – Maximum Drawdown
