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Old 11th July 2002, 09:51 PM
Equine Investor Equine Investor is offline
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Join Date: Jan 1970
Location: Melbourne
Posts: 740
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Let's review the whole situation.

To be fair Bert has tried to explain himself and his system to the best of his ability.
I agree that it's not fair to flame anyone just for their opinions or selection methods, I myself have been on the recieving end of this, so know what it's like.

There is one basic difference involved here. On this forum people put forward ideas for arguement, assessment and indeed criticism which is all fair. This is just a general discussion on methods etc. Some agree - some don't.

What Bert is trying to have us believe, is that we are all wrong and basic rules of probability no longer apply in his world.
He has also made outlandish claims of winning EVERY day since September 2001.
Maybe he has, I am not going to call the guy a liar without proof,however I know based on seeing his system in action, that the probability of this is about 500/1.
Sooner or later if you risk $1,000 to win $5.00, you will lose. There is no doubt about it.
And because he has no emergency stop/loss factored into his method, not only will you lose your starting bank, but any profits accrued.
Now I admit I was harsh on him in my criticism, and the guy had the brass one's to answer his critics, albeit usually skirting direct questions.
The major difference is that Bert is selling a system, that by all means cannot win in the longterm given his staking method, strike rate and average dividend. When someone is trying to get subscribers, and blatantly tells everyone that basic laws of probability do not apply, in my opinion this is misleading and could result in a less experienced gambler being put in a situation of losing his nestegg or for that matter more important things in his life.

That is my objection.

Admittedly there are far worse systems out there at a much higher pricetag. But I feel Bert has a duty of care to declare clearly the maths of the system, not tell people less experienced that he has cracked some magic system where odds and probability will not beat him in the end.

Thanks Quapi for allowing Bert's system to be scrutinised here on this forum. Any of my criticism's of Bert's system are not personal, I just feel that his system will not create a longterm profit. Hopefully it may help newcomers to learn something.


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