Hi Bloggers

Well, this report brings me right up to date as of last night, Wednesday 31 March 2010. This is the review for the week including days 38 to 44 to bring you all back up to date as well.

If you remember, we started with a bank of £1,000 on day one and by the end of the 30 day review this had grown to £1,134.03 – a 13.40% profit in a month. Over the next week from days 31 to 37, the closing bank stood at £1,232.79

This past week (days 38 to 44) has been a strange one and has highlighted my main concern about any system that uses progressive staking. Over 2 consecutive days this week the selections produced 7 consecutive losers. The recommended stakes increased from £4.05 on the first bet and gradually (progressively!) increased to £190.35 on the 8th bet when it found a winner. My concern is that with a long run of losers like this, you could easily clean out your bank. What would have happened if there had been another 4 or 5 losers in the streak? Just for clarification, this is not a criticism of this system, but an observation about any progressive staking system.

I found it to be more than a little worrying to discover that at the end of Tuesday’s racing, the system was showing a loss for the whole review period (the bank stood at £998.10). Leaving that aside for now, that large bet of £190.35 did win and therefore pulled everything back around into profit again.

In summary, for this week the system produced three profitable days, two days with no selections and two losing days.

The overall profit for the week was £40.81 which means that the closing bank stands at £1,273.60 as of this morning – an increase of 27.3% over the 44 days so far.

That’s all for now folks, see you in a week’s time. Enjoy the Easter break and the racing over the Bank Holiday weekend.

Kind regards

Tony