[AusRace] The Money Mine Method - a system

[sean mclaren]

Hi Tony

Good to see you are still around.

Cheer as always


Sean

On 19 Oct 2017 14:06, "Tony Moffat" <tonymoffat at bigpond.com> wrote:

> 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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