Trader’s who receive our Facebook feed will be aware that Pete gives us a racing tip each week.
Horse racing relies on punters losing more than they win – that’s one of the ways they finance their industry – but Pete managed to beat the odds in 2011 and ended up $127.50 ahead. Well, he’s done it again in 2012 with a late flurry of winners and a plus balance of $145.
That may not sound like a lot of money but, with a $10 E/W bet over 48 weeks, it represents a return of around 15%.
Now, if we can just steer Pete’s attention to the share market.
Disclaimer – Victraders do not recommend gambling as anything other than entertainment for informed adults.