The 'Jockey Challenge' Challenge

Everyone loves a challenge and increasingly becoming popular with Punters is the Jockeys Challenge. It works very simply in that Jockeys score 3 pts for a win, 2pts for 2nd, 1pt for 3rd then at the end of the meeting the Jockey with the most points is the winner.

Although it sounds relatively easy it does take a good mathetical brain and some accurate assessments of every Jockeys rides to correctly price up this market - and as I have found studying these markets they can often be a long way out on what I think the correct prices should be.

I'm prepared to put my skills to the test with my 'Jockey Challenge" Challenge which will be to take a $1,000 bank to hopefully over $10,000 before I embark with some friends to the Flemington Racing Summer Carnival in late October.

My staking for this challenge will be using what is called the Kelly Method - put simply the Kelly Method gives you an optimal staking amount based on your bank and the available prices versus your rated "assumed true" prices.

To learn more about the Kelly Method visit - http://www.sbrforum.com/betting-tools/kelly-calculator/

I won't be playing every WA meeting but when I do the selections will appear here.

Ascot 30/04 my Jockey Ratings are as follows

Name *Rides Price
KYuill (1.5) 5 $3.40
DLane (2.0) 6 $3.40
SO'Donnell 6 $6.20
CMcCallum (2.0) 4 $7.50
Any Other na $16.00
PKnuckey 4 $40.00
TTurner 4 $41.00
WPike 2 $650.00
*Rides considered point scoring chances

Looking at the various prices available with TAB's and Corporates and applying the Kelly Method we have ;

Todays bets as follows

$17 on YUILL at $3.50
$12 on McCALLUM at $8

As you will see in following weeks these are pretty small bet sizes but hopefully one can get home and start us on a winner.

EDIT : D Lane won with 9pts, Yuill 8pts, McCallum 5pts - BANK now $971