Good evening everyone,
I’ve asked the developers to give us an idea as to when additional algorithms will be added to our betting program. In its current form it can take 6 to 8 hours to cull through and as I am looking through these I’m seeing first hand that without additional data points I am unable to consistently place wagers with the confidence required.
We’ve designed the program to do all the culling for us. Eventually, as a certain number of additional data points are added, we’ll bet the majority of Potential Bets that make it on this list because it will only list ones that have a ranking that is more true to form. Then we’ll bet the majority and the results of these bets will produce us a positive return.
Because I am spending a great deal of time culling through and deciding test bets in the programs current form and the result so far has been barely breaking even and our venture is not about churn and all about making money for each investor, I’ve made the decision to cut way back on regular test betting until the Potential Bet reports a majority of wins.
I understand that to date we have not discussed much in the way of financial details surrounding our project and this was my choice mainly because we weren’t asking current investors to invest additional money. We understood that we’d accomplish everything as new investments came in and if we could keep things going to where the first version was released that we could open the remaining shares for more than the $6K initial investment in order to bring our program to a place where the list can be confidently bet.
Money is always the reason things progress or don’t progress so whenever investment funds came in we’d allocate everything in order to keep things moving along. And by the end of this month we’ll have almost all the 11 additional investment share monies in hand and at that time we plan to use each dollar, all if necessary to contract additional labor in order to get our program to this point of confidence. We’re not far from this now and believe once we have the developers update that within 4 to 6 weeks we’ll be at the point to confidently test bet and soon after we’ll be out of test mode to a state of consistent wins.
I do have a small request because I understand not everyone is aware of our structure and that is basically everything surrounding our project; correspondence with the developer team and/or mathematician, PR to fill the open investment shares, keeping the casino up to date with our progress so they’ll know when to expect us to take the plunge, discussions with legal counsel in order to protect all of our investments and ensure no interruption prevents our venture from moving forward, to writing blogs to keep everyone in the loop is all handled completely by me and me alone and because of this sometimes there are delays. The good news is I am the one who will be choosing the developer that we add to our team so Zen Racing will have in place a sort of go-between where this someone will keep me informed of the developers progress and in turn it won’t take me as long to relay this information to you.
In closing today’s post, I’d like to share that when I’ve been making test bets I discovered that when I was strictly betting Win, Place and or Show that our betting pool was gradually decreasing but I was able to bring it back when placing a few wagers on exotics. So rather than cull through the program to test bet for us across the board, on the weekends I plan to look through races at the tracks that I like to play (GP, FG, TAM) and spot bet some exotic plays for us and when I make us a wager, I will post these bets along with their results on our blog the following day.