Dear Pegasus
I am a new member and started using the system with real money on Monday 11th Deecember 2006.
I started with a bank of 1000 pounds and using the recommended staking.
Profit per day=1% of bank
No more than 6% of bank staked on any first race of the day.
No more than 30% of bank risked on any subsequent race.
First 4 days were ok bringing my bank up to 1030 GBP.
Day 5 however saw my bank drop to 813GBP .
15th Dec
1305 Wolv Loss of 57 Pounds 5.9%
150 Uttox Stake would have been greater than 30%
1400 Ascot Stake as below:
Loss of 57 pounds plus stake to win 1% of bank = 160 pounds = 16% of bank.
This race lost, making a loss on the day of 217 pounds or 21% of bank.
Obviously the 4th race would take the stake needed way over 30%, therefore the day ended on a loss of 217 pounds.

The next racing day to recoup those losses would have meant risking 90% of the remaining bank (813 pounds), so returning to a daily profit target of 1% I am now aiming for 8 pounds profit for the day.

My point is that to bring my bank back to the original 1000 pounds,it is going to take at least 20 days, and that is assuming no more days like 15th December which is unlikely, I realise that there will be days when a loss is to be taken.

It seems to me that when the losses do occur,it far out weighs any potential winnings.
In my case having started on 11th December it will take me most of the rest of the month to break even, again assuming no more losses, and I will end up losing the 60 pound monthly fee.

If I have interpreted the system correctly then all your members would have take a 20% drop in their betting bank on 15th December if they used your recommended figures.

I would value your thoughts on this, especially if I have interpreted the system incorrectly.

REPLY

From: Pegasus Racing Club [mailto:sales@pegasusracingclub.com]

Sent: Thu 21/12/2006 09:54

To: john stevens

Subject: RE: system questions

Hi John
Thanks for your email.
Here are the relevant instructions for the recovery procedure:
Recovery Example
In the event that the bank is in unrecoverable deficit (ie you cannot recoup within the 30% limit), it will be necessary to recover over several races and using ALL selected races and NOT just on the next first races of each day.

For example; if, after a second race, the bank was down around 8%, then it is possible that the 3rd race would be unable to recoup the deficit within the mandatory limit and so the 3rd race becomes not viable.

Then say, the odds of the following race (which could be the next race of the day or the first race the following day) were also too short to recoup within the mandatory risk limit, we would then accept the 8% loss at that point (ie after 2 successive nv races) and begin the recovery process to recover the lost 8%. As that race could not recoup, we commence the recovery process with that race ie. the 2nd one following the last loss.

To recover, we take the deficit and divide it into a realistic no. of portions and recover that way. We could say, divide it into 4 x 2% or 2 x 4% or 3 x 3% etc. – it is up to the individual member. We then commence to bet on ANY selected races until the deficit is recovered (ie not just the first ones in a sequence).

Should any of the recovery races lose at any point in the above sequence, then you would need to recalculate the deficit again from that point and continue this process until fully recovered. Please note however that the official detailed results will not reflect the exact position due to the complexities involved.

On extremely rare occasions you may reach a point where the system is unable to effectively recoup the losses at all. In this case you should wait until the next race on the following day and try again. If the odds are still not viable to recoup, you should write off your losses in that bank, top-up to the previous level (if desired) and proceed to bet on that race as normal.

I hope that helps, but if not do please get back to me.

Regards

John

Pegasus Racing Club

http://www.pegasusracingclub.com <http://www.pegasusracingclub.com/>

The odds reflect the frenetic pace of betting just prior to the off & constantly change. No sooner have I put the odds into the Pegasus calculator to find how much to bet, go back to the pre opened bookies sites to place the bets……. only to find the odds have changed… again & again &… Sometimes I place 1 bet only to find the second horses price has changed &… back to the calculator again but time is not always on my side. Bet too early though & horses change in the ranking. The worse scenario is that the bets are placed, phew!… but then the race is delayed (weather etc) & one of the two favourites drop back through the ratings! My two favourites are favourite no longer & the unbacked horse wins. Grrr. This is where I have made my losses so far. This club appears to pick the winners but it is not always possible, for me at least to place the correct bets to bring in the cash. Maybe it’s my noviceness… maybe you know the trick…. sure would like to know!

…and I totally agree about trying to recoup losses! Losses are acceptable (ish) but loading the next days race to recoup is not always possible. Of late the odds have been very tight & to make a GBP20 profit can mean a total bet of say GBP50-GBP80. Loose this bet & try to load the next bet to recoup at such short odds & the cost is prohibitive. Even trying to recoup at a % as recommended is still risky/expensive at bad odds. But typically, when the price is too big for me, the bet comes in! Far too many odds have been very short & too pricey for me, (exceeding 6%+ of betting bank) the one recent race with sensible prices……. lost, odds on the next race were prohibitive & the next race lost. Not a good day!

Placing bets as advised through two different bookies compounds the problems & I am considering trialling the betting exchanges for placement of both bets.

Maybe the weather is not on my side at the moment, maybe my luck will change with my expertise. The statement of wins shown on the website is very good. If only it was that easy to actually get the bet right & obtain sensibly priced favourites!
But in typing this mail I have just missed today’s bet at great odds… & it won!

The problem occurs when you get two or three losing races in a row, at which point you have to basically write off your losses and start again. During my free trial period I analysed all the past results given on the website and it lost money time after time. I have been betting on horses for over twenty years and decided to try this purely out of curiosity. It soon became apparent that the author of this system knows virtually nothing about betting and even less about racing. It really isn’t worth going into further detail because the whole system is predicated on a fundamentally flawed principal. Anyone choosing to follow this system might as well throw their money down the toilet, because they certainly won’t be making any profit.

BEWARE – YOU CANNOT WIN WITH THIS SYSTEM