April 2016 Summary;
Monthly Points P&L = -0.54
Monthly P&L in £ (£50 a point) = -26.93
Monthly ROI = -0.30%
Overall Points P&L (Since inception October 2015) = +129.25
Overall Profit in £ since October 2015 (£50 a point) = +6465.63
Overall ROI since October 2015 = 15.85%
As the figures highlight, this was our toughest month to date ending with a very small loss of half a point. It obviously goes without saying that this isn't ideal and it becomes our first losing month in the 7 months we've been up and running. However putting it in to context it isn't a disaster, losing half a point for one month out of 7 and the other 6 being profitable in the grand scheme of aiming for long term profit isn't the end of the world.
One of the main obstacles we struggled to overcome in April and in turn led us to struggle was the judgement of how race fit horses were. April saw the end of the jumps season where there were big upsets and big priced winners at the Punchestown festival (this was a general theme at Punchestown not just for us). This mainly being due to horses having hard races at the Cheltenham Festival, Aintree Festival and then not running to their full ability at the end of the season at Punchestown. Along with this we had the start of the flat season where by the opposite was true, we had some frustrating results with horses that were lacking in race fitness. Obviously this is hard to judge as each horse is different - some need a run for fitness, some don't and some horses can have tough races at cheltenham, aintree and Punchestown and run fine others cant.
After looking back at the figures, selections and results over the last few days whilst finishing the spreadsheet, we're considerably still in profit overall, tougher months and small blips are bound to happen in gambling and whilst we can learn lessons from April I have no doubt that we'll continue to make long term profit going forward. The first 10 days or so of May have been good and its good to be moving on.
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