[AusRace] The Money Mine Method - a system

[Tony Moffat]

The Money Mine Method was sold in the 60's from a PO Box in Balwyn
Vic. You paid nine pounds, post paid, as was packaging and handling.
It's a book with a double paper front cover and a cardboard back
cover. My copy, one of two, is autographed, by whom I cannot decipher,
but there are no authors attributed in the book. 
The opening sentence tells you 'you now have the secret to punting
wisdom. Nobody else knows what you will know after you read the words
written here.'
 My copy is numbered 36 so presumably 35 others, and the author, know
this wonderous wisdom admission. Part of my enjoyment of collecting
systems is the reading of the claims made for them by the sellers, who
may have moved on from snake oil, motor oil or growth chemicals. The
use, or overuse, of adverbs and adjectival phrases to describe and
sell their product is, to me, entertaining. The earnest or solemn
declaration that choosing number 1 or 2 or less than 6 or wider than 9
for barriers say is the path to 'untold wealth and riches', which may
be the same thing.  Then that choice is never supported with some
facts, never corroborated by anything, no trust in the balance of
probabilities, nothing about testing beyond reasonable doubt. Nothing
like that, except this is what you do, an assertion calmly and simply
made. The patois is common too, a lot of the authors, or sellers, or
facilitators of these systems use this style, appealing to the lonely,
the oppressed, or really the desperate, who need this information in
their 'armoury' against the dreaded bookmaker, or just your 2/6d on
the tote. 
The Money Mine Method is a five part (called 'clauses') system to
choose your selections.
The first part selection rules, those bets for a win, have been posted
to Ausrace previously. But it could be the 2 or 3 or 4, no more,
selections from a rating program, or a tipster. There is a process of
rating and pricing those selections.
The second part/clause will be discussed later
The third part/clause involves the selection of runners that finance
the 'blind funding' of the first clause. Now this is new, and advanced
for mid 60's turf accounting.
In essence, horse numbers in the first half of the field, (like,14
runners divided by 2 equals 7 so horses 1 to seven inclusive) and
priced at over 8/1 are backed and the winnings applied to a fund that
finances the 'over betting' of selections in the first clause. That
streamlined selection process was used in the results section below.
So, not a clause 1 selection, over 8/1, in the first half of the field
There have been times, successive periods, where this has been
profitable on its own, the winnings carried forward, or 'banked,
showing returns that are pleasing, the bank is drawn upon to add extra
funds to the main selections betting. The draw down has never exceeded
the bank holding. The player is required to 'subscribe' to the fund
each week, 2 pounds is used in the example in the book, so although
the plan is in the black the user (the 'player') is contributing to
the holding. Interesting, as most systems get you spending the profits
readily, part of selling the dream I guess.
Some examples - Caulfield 18/10/2017
RACE 1 - clause 1 selections 10 and 6 - 6 won 4.40, 10 was 4th.  The
third clause selections were 3 and five - 3 was third 2.90, the profit
from this bet was added to the over bet fund for future bets.
RACE 2-  clause 1 selection 2 won - 5.10, sole bet. The third clause
selection was not bet, eliminated due to the rules, it was a clause 1
consideration, it was outside the price parameter.
RACE 3 - clause 1 selections 13 and 1 - 13 won 6.40. The third clause
selection was 5  3rd- 2.30
RACE 4 - clause 1 selections  3 and 8 - 3 won 4.50. The third clause
selections 4 and 7 lost.
RACE 5 - clause 1 selection 1, 2 and 7 won - 31.40!  The third clause
selection 5 lost
RACE 6 - clause 1 selection 2 and 9- 9 won - 5.20 The third clause
selections 3 - five - 5 was third 6.30 - perhaps a no go for the
system because of very wide prices for the third clause horses.
RACE 7 - Clause 1 selection 5,1,8 and 9 -no bet - 8 won 5.00. The
third clause selection 3,6 and 7 - no bet, again the prices said no.
RACE 8 -Clause 1 selection 12,11,14,7 - strictly no bet - a loss
,winner not selected. The third clause selection 1,2,4,5,8 - no bet.
The system failed here essentially, fancy that. This is where the
often mentioned 'tenacity of purpose' the fall back phrase for all
systemeers, comes into play. Stick with it and it will cycle upwards
shortly.
Summary
The clause 1 selections arrive from a rating program, in the example
shown
The clause 2 , 4 and five selections will be discussed later
The clause 3 selections are those runners in the first half of the
field, say 14 nominations/acceptances, then consider only the first 7,
1 to seven. Even though there are scratchings, apparently, it is the
first 7 forconsideration. But why. It doesn't say. Of those runners,
ignore those in the clause 1 process and back, for a place, the
runners over 8/1. The results shown in the book have done that, backed
them for a place, but there is nothing in the text to tell you that.
Also the authors stat keeping is a little awry. S/He is in effect
backing 8 runners, or can do some races, so they are going to get a
place hit high most often. This was the selling point too, this place
stat appears in the advertising for the system, in The Sporting Globe.
There were place getters out to 160/1 although the author cautions
against backing runners in excess of 33/1 at any time, win or place,
s/he says don't do it on three occasions in the text.

Cheers

Tony


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