Hemlock — investorbet

Historical view

Build your own historical view

The Strategy and Qualifiers do not change. Only the implementation assumptions below change how that published track is staked.

Working Bank path

Fresh Hybrid Continuous

Staking method % of Working Bank Collar Cap

The purpose of this datasheet is to show how this selection strategy would have performed over the last 60 calendar months (five years), broken down as far as practical — under example staking rules, not as personal advice.

The selection strategy shapes the win/loss pattern. Your Working Bank staking rules shape how that pattern turns into your illustrated result.

Figures below use example staking rules for illustration only. investorbet does not recommend a staking percentage, collar, or cap. An IFA may advise; we do not.

Working Bank illustration: 1% of Working Bank per trade, collar £50, cap £100, starting Working Bank £5,000. Take every qualifier in the published track. Working Bank stays yours.

Working Bank paths shown: Fresh, Hybrid, and Continuous.

The window is the last 60 calendar months ending on the public Strategies cut-off. After each calendar month closes and results are confirmed, the next rebuild shifts the window forward one month.

Path figures are after the Variable Success Fee. The Seat Fee is not taken off those figures — see Fees.

Three Working Bank paths

Same Strategy. Same Qualifiers.

The Strategy and Qualifiers are identical on every path. What changes is how the £5,000 Working Bank is treated.

What would have happened to the same £5,000 starting Working Bank if I'd managed it in these three different ways?

Fresh bank each year

Fresh is a stress test: up to five separate one-year journeys, each starting with £5,000. That is not the normal staking method. You can run it that way if you like.

+£66,935

about +£13,387 per year on average

Hybrid

Hybrid always starts at £5,000. At the beginning of each following year, if the bank is below £5,000 we assume it is topped back up to £5,000.

+£138,324

about +£27,665 per year on average

Continuous

Continuous puts £5,000 in once and leaves it. Note that if the Continuous Working Bank falls below zero, you either need to top it up, or walk away.

+£138,324

about +£27,665 per year on average

Year by year

1 Sept 2021 → 31 Aug 2022

Metric	Fresh each year	Hybrid	Continuous
Trades	899	899	899
Staked	£53,950	£53,950	£58,050
Wins / losses	129 / 770	129 / 770	129 / 770
Profit / loss	+£15,980.32	+£15,980.32	+£15,980.32
Top-up	—	—	—

Selection W/L (same on every staking path) · 129 wins / 899 trades · longest losing run 44 · most recent → oldest

LLLLLLLLLLLLLLLLLLWLLWLWLLLLWLLLLLLLWLLLWLLLLLLWLLLLLLWLLLLLLLLLLLWLLLLLWLWLLLLLLLLLLWWLLLLLLLLLLLLLWLLLLLLLWLWLLWLWWLLWLLLLWLLLLLLLLLWLLWLLLLLLLLLWLLWLLLWLLLWLLWWLLLLLLLLLLWLLLWLLLLLLLLLWLLLLLLLLLLWLLLLLWLWLLLLWLLWLLLLLLLLWLLLLLLLLWLWLLLLWLLLWLLWLLLLLLLWLLLLLLLWLLLWLLLWWWLLLLLLLLLWLWWLLLLWLWLLLLLLLLLLLWLLLLLLLLLLLLWLWWLLLWLLLWLLLWLLLLLLLWLLWWLLLLLLLLLWLLLLLLLWLLLLLLLLLLLLLLLLLLLLLLWLWLLLLLLLLLLWLLLWLWLWLWLLWLLLLLLLLLLLLWLLLLLLLLLLLLWLLLLLWWWWLLLLWLLLWLLWLLLLLLLLLWLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLWLLLLLLLLLWLWLLLWLWLWLLLLLLWLWLLWLLLLLLLLLLLLLLLLLWLLWWLWLLLLLLLLLLLLWLLWWLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLWLLLLWLLWLLLWLLLLWWLLLLLLLLLLLLLLLLLWLLLLLLLLLLLLLLWLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLWLLLLLLLLWLLLLLWLLLWLLLLLLLLLLLLLLLLLLLLLLLLLLWLLLLLLLWLLLLLLLLLLLLLLLLLLLLLWLLLLWWLLLLLLLLWWLLWLLLLLLLLLLLLWLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLWLLWLLWLWLLLWLLWLLLLLLLLLLLLLLLLWLLLLLLLLLWLLLLLLL

Cumulative profit / loss within this year (same qualifiers; £ size follows each Working Bank path).

Monthly profit / loss · three paths

Calendar months in this year. Trades are the same on every path; Working Bank P/L differs by your selected stake.

Month	Trades	Fresh	Hybrid	Continuous
Sept 2021	41	−£950.50	−£950.50	−£950.50
Oct 2021	116	−£2,146.50	−£2,146.50	−£2,146.50
Nov 2021	99	−£2,681.50	−£2,681.50	−£2,681.50
Dec 2021	83	+£1,894.00	+£1,894.00	+£1,894.00
Jan 2022	49	+£3,206.50	+£3,206.50	+£3,206.50
Feb 2022	64	−£2,201.00	−£2,201.00	−£2,201.00
Mar 2022	185	+£1,558.00	+£1,558.00	+£1,558.00
Apr 2022	144	+£19,162.50	+£19,162.50	+£19,162.50
May 2022	60	−£3,638.10	−£3,638.10	−£3,638.10
Jun 2022	24	+£4,100.84	+£4,100.84	+£4,100.84
Jul 2022	25	−£1,323.92	−£1,323.92	−£1,323.92
Aug 2022	9	−£1,000.00	−£1,000.00	−£1,000.00

Year by year

1 Sept 2022 → 31 Aug 2023

Metric	Fresh each year	Hybrid	Continuous
Trades	939	939	939
Staked	£87,118	£93,900	£93,900
Wins / losses	133 / 806	133 / 806	133 / 806
Profit / loss	+£11,933.91	+£20,778.96	+£20,778.96
Top-up	—	—	—

Selection W/L (same on every staking path) · 133 wins / 939 trades · longest losing run 33 · most recent → oldest

LLLLWLLLLLLLLLWLLLLLLLLWLLLLLLWLLLLLLLLLLLLLLLLLLLLLWLLLLLWLLLWLLWLLLLLLLLLLLWLLLLLLWLLWWWLLLLLLLLLLLLLLLLLLWLLLLLLLLLLLWLLLLLLLLLLLLLLLLLWLLLLWWLLLLLLLLLLWWLLLLLLLLLWWLLLLWLLWLLLLLLLLLLLLLLLLWLWLWWLLLLLLLLWLWLWLLLLLLLLWLLWWLLLWLLLLLWWWLLLLLLLLLLLLLLLLLLLWLLWLLWLLLLLLLWLLLLLWLWLLLLWLLLLLLWLLLLLWLWLLLWLWLLLLLLLLLLLWWLLLWWLLLLLWLLLLWLLWLLLLLWLLLLLLWLLLLLLLLLWLLLLLLLLLWWLLWLLLLLLLWLLLLLLWLLLLWLLLLLLLLLWLLLLLLLWWLLLLWWLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLWLWLLWLLLLLLLLLLWLLLWLLLLLLLLLLLLLLWLLLLLLLLLLLLWLWLLLWLLLLLLLLLLLWLLLLLWWLLLLLLLLLWLLLLLLLLLLLLLLLLLLLLLLWLLLLLLLLLLLWLLLLLLLLLLLLLLLLLLLLLLWLWLLLLLWLLWLLLLLWLLLLLLLLLLLLLLLWLLLLLLLLLLLLLLWLLLLLLLLLLLLLLLLLWLLLLLLLLLLLLLLLWWLLLLWLLLLLLLLLLLLLLLLLLLLLLLLWLLLLLLLLLLWLLLLLLLLLLLLLLLLLLLLLLWLLWLLLLLLLLLWLLLLLLWLLWWWLLLLLLLWLWLLLLLLLLWLLLLLLLLLLLLLLLLLLLLLLLWWWLLWLLLLLLLWLLLLLLLLLLLLLLLLLLLLLLWLWLLLLLLLLLLWLLWWWLWLLLLLLLWLLLLLLLWWLLLLLLLWLLLLLLLWLWLLWWLLLLLLLLLLLLLLLLLLLLLLLWLLLLWLWWLLLL

Cumulative profit / loss within this year (same qualifiers; £ size follows each Working Bank path).

Monthly profit / loss · three paths

Calendar months in this year. Trades are the same on every path; Working Bank P/L differs by your selected stake.

Month	Trades	Fresh	Hybrid	Continuous
Sept 2022	29	+£121.63	+£546.00	+£546.00
Oct 2022	94	+£59.42	+£741.96	+£741.96
Nov 2022	102	+£16,379.58	+£24,117.72	+£24,117.72
Dec 2022	54	−£1,629.68	−£1,629.68	−£1,629.68
Jan 2023	52	−£4,358.60	−£4,358.60	−£4,358.60
Feb 2023	100	−£1,833.00	−£1,833.00	−£1,833.00
Mar 2023	187	−£5,119.00	−£5,119.00	−£5,119.00
Apr 2023	198	+£11,625.00	+£11,625.00	+£11,625.00
May 2023	64	−£1,710.44	−£1,710.44	−£1,710.44
Jun 2023	15	−£1,052.00	−£1,052.00	−£1,052.00
Jul 2023	18	−£1,457.00	−£1,457.00	−£1,457.00
Aug 2023	26	+£908.00	+£908.00	+£908.00

Year by year

1 Sept 2023 → 31 Aug 2024

Metric	Fresh each year	Hybrid	Continuous
Trades	784	784	784
Staked	£45,244	£78,400	£78,400
Wins / losses	109 / 675	109 / 675	109 / 675
Profit / loss	−£3,512.37	+£3,065.24	+£3,065.24
Top-up	—	—	—

Selection W/L (same on every staking path) · 109 wins / 784 trades · longest losing run 28 · most recent → oldest

LLLLLLLLLLLLLLLLLLLLWWLLLLLLLLLLLLLLLLLWLLWLLLLWLWLLLWLLLLLLLLLLLLLLLLLLLLLLLWLLLLLLLLLLLLWLWWLLLLWLLWLLLLLLWLLLLWWLLLWLLLLWWLWWLLLLLLLWLWLLLWLLLLLLLWLLLLLLLLWLLLLLLWLLLLLLLLLLLWLLLLLLLLLLLLLLWLLLWLLWLWLLLLWWLLLWLLLWLLLLLLWLWLWLLLLLLLLLLWLLLLLLWLLLLLLWLLWLLLLLLLWLLLLWWLWWLLLWLLLWWLLLLLLLLLLLLLLLLLLLLLLLWLLLLWLLLLLLLWLLLLLLLLLLLLWLWLLLLLLLWLLLLLLLLLLWLLWLWLLLLLLLLLLLLLLWLLLLLLLLLLLLWWLLLLLLWLLWLLLLLLWLLLLLLLLLLLLLLLWLWWLLLLLLLLLLLLLLLLLLLLWLLLLLLLLLLLWLLLLLLWLWLLLLLLLLLLLLLLWLLLLLLLLLLLLLLLLWLLLLLLLLLLLLLLLLLLLLLWLWLWLLLLLLLLWLLLLLLLLLLLLLLLLLLLLLLLWLLWLLLLLLLLLWLWLWLLLLLWLLLLLLLLWLLLLLLLWLLLLLLLLLLLLLWLLWLLLLLLLLLLLLLLLLLLLLLLLWLLLLLLLLLLWLLLLLLLLLLLLLWLLLLLLLLLLLWLLLWLLLLLLLLLLLLLLLWWWWLLLLLLLLLLLLLLWLLLLLLLLWLLLLWLLLLWLWLLLLLLWLLWLLLLWLLLLLLLLLLLLLLLLLLLLLLLLLLLLWWLLWLLLL

Cumulative profit / loss within this year (same qualifiers; £ size follows each Working Bank path).

Monthly profit / loss · three paths

Calendar months in this year. Trades are the same on every path; Working Bank P/L differs by your selected stake.

Month	Trades	Fresh	Hybrid	Continuous
Sept 2023	27	−£525.86	−£929.00	−£929.00
Oct 2023	78	−£1,114.00	−£2,128.00	−£2,128.00
Nov 2023	102	−£492.50	−£885.00	−£885.00
Dec 2023	57	+£6,869.92	+£16,191.00	+£16,191.00
Jan 2024	44	−£4,412.71	−£4,469.76	−£4,469.76
Feb 2024	59	−£2,237.65	−£2,986.00	−£2,986.00
Mar 2024	135	−£2,772.07	−£5,116.00	−£5,116.00
Apr 2024	125	+£726.50	+£1,553.00	+£1,553.00
May 2024	73	+£2,093.17	+£4,429.00	+£4,429.00
Jun 2024	41	−£816.74	−£1,296.00	−£1,296.00
Jul 2024	31	−£126.11	+£2.00	+£2.00
Aug 2024	12	−£704.32	−£1,300.00	−£1,300.00

Year by year

1 Sept 2024 → 31 Aug 2025

Metric	Fresh each year	Hybrid	Continuous
Trades	845	845	845
Staked	£78,150	£84,500	£84,500
Wins / losses	127 / 718	127 / 718	127 / 718
Profit / loss	+£41,135.36	+£89,020.36	+£89,020.36
Top-up	—	—	—

Selection W/L (same on every staking path) · 127 wins / 845 trades · longest losing run 35 · most recent → oldest

WLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLWLLWLLLLLWWLLWLLWLLLLLLLLLLLLLLLLLLLLWLWLLLLLLLLLWLLLWLLWLLLWWLLWLLLLLLLLLWLLLLLLLLLLLLLLWLLLLLWLWWWLLLLLLLLLLLWLLLLLLLLLLLLWLWLWLWLLLLWWLLLWLLLWLLLWLLLWLLWLWLLLLLLLLLWLLLLLLLWLLWLLLLLLWLLLLLLLWLLLLLLLLWWLLLLLLLLWLLLLLLWLWWLLLLWLLLLLLLLLLLLWLWLLWLWLLLLLLLLLLLLWLWWLLWWLLWLLLLLWLLLLLLLWLLLLLLLLLLLLLWLWLWLLWWLWLLLLWLLLLLLWLLLWWLLLLLLLLLLLLLLLLWLLWLLLWLLLLWLLLLLLLLLLLLLWLWLLLWLLLLLLLLLLWWLWWLLLLLLLWLWLLLWLLWLLLWLLLLWLLLLLLLLLLLLLLLLLLLLLLLLLWLWLLLLLLLLLLLLLLLWLLLLWLLLLWLLLLWLLLLLLLLWLLLLLLLWLLLLLLLLLLLLLLLLLLLLWLLLLLLLLLWWLWLLLLWLLLLLLLLLWLLLLLLLLLLLLWLLLLLLLLLLLLLLLLLLLLLLLLLLLLLWLLLLLLLLWLLLLLLWWLLLLLLLLLLLLLWLLLLLLLLLWLLWLLLLLLLLLLLLLLLLLLLLLLLLLLLWLWWLLLLLLLLLLLLLLLLLLLLLLWWLLWLLLWLLLLLLLLLLLLLLLLLLLLLLWWLLWLLWLLLLLLWWLLLLLLLLLLLLLWLLLLLLLLLLLLLLLLLLLLLLLLWWLLLLLLLLLLWLLLLWLLLWLLLLLWLLLLLLLLLLLLLLL

Cumulative profit / loss within this year (same qualifiers; £ size follows each Working Bank path).

Monthly profit / loss · three paths

Calendar months in this year. Trades are the same on every path; Working Bank P/L differs by your selected stake.

Month	Trades	Fresh	Hybrid	Continuous
Sept 2024	29	−£163.00	−£226.00	−£226.00
Oct 2024	83	−£1,309.00	−£2,518.00	−£2,518.00
Nov 2024	88	+£47,178.00	+£96,335.00	+£96,335.00
Dec 2024	84	−£23,134.84	−£23,134.84	−£23,134.84
Jan 2025	48	−£1,285.00	−£1,285.00	−£1,285.00
Feb 2025	87	−£715.00	−£715.00	−£715.00
Mar 2025	160	+£19,853.00	+£19,853.00	+£19,853.00
Apr 2025	151	−£2,827.48	−£2,827.48	−£2,827.48
May 2025	60	−£1,729.16	−£1,729.16	−£1,729.16
Jun 2025	26	+£1,394.00	+£1,394.00	+£1,394.00
Jul 2025	19	−£2,054.48	−£2,054.48	−£2,054.48
Aug 2025	10	+£5,928.32	+£5,928.32	+£5,928.32

Year by year

1 Sept 2025 → 31 Aug 2026

Metric	Fresh each year	Hybrid	Continuous
Trades	858	858	858
Staked	£53,071	£85,800	£85,800
Wins / losses	112 / 746	112 / 746	112 / 746
Profit / loss	+£1,397.49	+£9,478.76	+£9,478.76
Top-up	—	—	—

Selection W/L (same on every staking path) · 112 wins / 858 trades · longest losing run 32 · most recent → oldest

LLWLLLLLLLLLLLLLLLLLLLLLLWWLLLLLLLLLLLLLLLLLLWLLLWWLLLLLLLLLLLLLLLLLLLWLLLWLLLLLLWLLLLLLLLLLLWLLLLLLLLLLLLLLLLWLLWLWLLWLLLLLLLWLLWWLLLLWLLLLLLLLLLLLLLLLLLLLLLLLLLLLWLLLLLLLLWLLLLWWLLLLLWLLLLLLLLLLLLLWLLLLLLLLLLLLLLLLWLLLLLLLLLLWLLWLLWLWLLLLLWLWLLLLLWLLLLLLLWLLLLLLLLLWLLLLLWLLLWLLLLWLLLWLWLLLLLLWLWLLLLLLLLLLWLLWLWLLLLWWWLLLLLLLLLLLLLLLLWLLLLLLLLLLWWLLLLLLLLWLLLWLLLLLWWLLLLWLLWLLLLLLLLWLLLLLLWLLLWLLLLLLLLLLLLLLWLLLLLWLLWLLLLLLLLLLWLLLWLLWLLLLLWLLLLLLLLLLLLLLWLWLLLLLLLLLLLLLLLLLLLLLLLLWLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLWLLLLLLLLWLLLWLLLLLWLLLLLLLLLLLLWWWLLLLLLLLLLLLWLLLLLLLLLLLLLLLLLLLLLLLLWLLLLLLLLLWLWLLLLLLLLLLLLLLLLLLLLLWLLWLLLLLLLLLLLLLLLLWLLLLLLLLLLLLLLLLLWLLWWLLLLLLLWLLLLLLLWWLLLLLLLWLWLWLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLWWLLLLWLLLLLLLLLLLLLLLLLLLLLLLWWLLLLLLWLLWWLLLLLWLLWLLLLLLLWLLWLLLLWLLWLLLLLLLLLLWWLLLLLLLLWLLLLLLLLLLLLLLLLLLWLLLLLWLLLLWLLLLLLLL

Cumulative profit / loss within this year (same qualifiers; £ size follows each Working Bank path).

Monthly profit / loss · three paths

Calendar months in this year. Trades are the same on every path; Working Bank P/L differs by your selected stake.

Month	Trades	Fresh	Hybrid	Continuous
Sept 2025	43	−£553.26	−£964.00	−£964.00
Oct 2025	74	+£140.36	+£428.00	+£428.00
Nov 2025	115	+£1,032.72	+£2,733.00	+£2,733.00
Dec 2025	72	−£2,089.56	−£3,247.28	−£3,247.28
Jan 2026	48	−£181.00	−£262.00	−£262.00
Feb 2026	82	−£2,527.00	−£4,954.00	−£4,954.00
Mar 2026	148	+£6,497.39	+£13,288.00	+£13,288.00
Apr 2026	171	−£852.12	+£644.24	+£644.24
May 2026	61	+£805.79	+£1,808.92	+£1,808.92
Jun 2026	16	−£2,127.71	−£2,281.52	−£2,281.52
Jul 2026	19	+£2,581.48	+£3,615.00	+£3,615.00
Aug 2026	9	−£1,329.60	−£1,329.60	−£1,329.60

Five-year overall

60-month summary · profit / loss

Metric	Fresh each year	Hybrid	Continuous
5-year profit	+£66,935	+£138,324	+£138,324
Avg / year	+£13,387	+£27,665	+£27,665
Trades (sum yrs)	4,325	4,325	4,325

Capital velocity · last 60 months

The same Working Bank is staked again as results settle. Amount staked is turnover from that Working Bank — not extra capital paid in. That recirculation is why a modelled net figure can be large next to a £5,000 set-aside without treating the £5,000 as if it were staked once.

This is not a five-year investment. We do not hold the Working Bank you set aside. These figures are not a forecast. They are modelled from research and settled results over the last five years.

“£5,000 each year” is up to five independent one-year runs. Think of five different people, each putting in £5,000 for one of those years — not one person rolling the same bank for five years. Opening bank is therefore 5 × £5,000. Final capital is the sum of the five year-end banks. Profit or loss is the sum of those five year results.

Metric	Fresh	Hybrid	Continuous
Working Bank set aside	£25,000	£5,000	£5,000
Top-ups	—	—	—
Amount staked (from Working Bank)	£317,533	£396,550	£400,650
Remaining Working Bank	£91,935	£143,324	£143,324
Profit / loss	+£115,319.57	+£186,708.50	+£186,708.50
Total fees	£55,585	£55,585	£55,585
Net profit	+£59,734.71	+£131,123.64	+£131,123.64
Net ROI on amount staked	+18.8%	+33.1%	+32.7%

Net ROI is net profit after fees ÷ amount staked. It is not a return on the Working Bank set aside.

Profit / loss is Working Bank trading P/L before fees. Total fees and Net profit include the Variable Success Fee plus the Seat Fee for these years. See Fees.

Capital in, capital out

“£5,000 each year” is up to five independent one-year runs. Think of five different people, each putting in £5,000 for one of those years — not one person rolling the same bank for five years. Opening bank is therefore 5 × £5,000. Final capital is the sum of the five year-end banks. Profit or loss is the sum of those five year results.

Method	Opening bank	Top-ups	Final capital	Profit or loss	Combined final bank
£5,000 each year	£25,000	—	£91,935	+£66,934.71	£91,935
Hybrid	£5,000	—	£143,324	+£138,323.64	£143,324
Continuous	£5,000	—	£143,324	+£138,323.64	£143,324

Combined final bank = Opening bank + Top-ups + Profit or loss. Top-ups are capital you add — not counted as profit. Hybrid tops the Working Bank back up to £5,000 at the beginning of each following year when it is below. Continuous never tops up.

Risk · three paths

Maximum drawdown is peak Working Bank to subsequent trough (fresh path: worst within any single year). Rolling windows are the worst sum of monthly P/L over 3 / 6 / 12 calendar months. Profit after seat fees deducts five years at the founder rate (£1,440/yr inc. VAT) — one seat, not five. Path figures already include the Variable Success Fee.

Metric	Fresh	Hybrid	Continuous
Max drawdown £	−£25,134.84	−£25,134.84	−£25,134.84
Max drawdown % of peak	−49.6%	−18.2%	−18.2%
Worst rolling 3 months	−£25,134.84	−£25,134.84	−£25,134.84
Worst rolling 6 months	−£9,838.48	−£9,838.48	−£9,838.48
Worst rolling 12 months	−£7,269.81	−£8,568.72	−£8,568.72
5-yr profit after seat fees (−£7,200)	+£59,734.71	+£131,123.64	+£131,123.64

Five-year overall

Cumulative profit / loss · three staking-rule paths

Cumulative profit / loss. Same horses, same odds, same order — Working Bank path and stake change the trading size.

Quarterly profit / loss · three paths

Calendar quarters across the full 60 months. Trades are the same on every path; Working Bank P/L differs by your selected stake.

Quarter	Trades	Fresh	Hybrid	Continuous
Q3 2021	41	−£950.50	−£950.50	−£950.50
Q4 2021	298	−£2,934.00	−£2,934.00	−£2,934.00
Q1 2022	298	+£2,563.50	+£2,563.50	+£2,563.50
Q2 2022	228	+£19,625.24	+£19,625.24	+£19,625.24
Q3 2022	63	−£2,202.29	−£1,777.92	−£1,777.92
Q4 2022	250	+£14,809.32	+£23,230.00	+£23,230.00
Q1 2023	339	−£11,310.60	−£11,310.60	−£11,310.60
Q2 2023	277	+£8,862.56	+£8,862.56	+£8,862.56
Q3 2023	71	−£1,074.86	−£1,478.00	−£1,478.00
Q4 2023	237	+£5,263.42	+£13,178.00	+£13,178.00
Q1 2024	238	−£9,422.43	−£12,571.76	−£12,571.76
Q2 2024	239	+£2,002.93	+£4,686.00	+£4,686.00
Q3 2024	72	−£993.43	−£1,524.00	−£1,524.00
Q4 2024	255	+£22,734.16	+£70,682.16	+£70,682.16
Q1 2025	295	+£17,853.00	+£17,853.00	+£17,853.00
Q2 2025	237	−£3,162.64	−£3,162.64	−£3,162.64
Q3 2025	72	+£3,320.58	+£2,909.84	+£2,909.84
Q4 2025	261	−£916.48	−£86.28	−£86.28
Q1 2026	278	+£3,789.39	+£8,072.00	+£8,072.00
Q2 2026	248	−£2,174.04	+£171.64	+£171.64
Q3 2026	28	+£1,251.88	+£2,285.40	+£2,285.40

Fees & risk

Fees

The Seat Fee is £1,200 + VAT per Seat, per year, paid in advance for a 1, 3 or 5 year term. It is separate from the Success Fee.

Variable is 20% + VAT only on a new month-end high on the path we charge on (£5,000, 1% of every qualifier, £50–£100). Or you choose Fixed for the term — see the fee policy.

These are the Variable Success Fees (20% + VAT) that would have been charged over these five years. They are the same on every Working Bank path.

Year	Window	Variable Success Fee (incl. VAT)
Year 1	1 Sept 2021 – 31 Aug 2022	£5,531
Year 2	1 Sept 2022 – 31 Aug 2023	£7,727
Year 3	1 Sept 2023 – 31 Aug 2024	£3,036
Year 4	1 Sept 2024 – 31 Aug 2025	£28,491
Year 5	1 Sept 2025 – 31 Aug 2026	£3,600
Five-year total		£48,385

Read and understand the fee policy before you request a Seat.

Illustration staking in this pack: 1% · £50 collar · £100 cap. Working Bank paths shown: Fresh, Hybrid, and Continuous.

Risk

These figures are what happened over these 60 months under the example rules — not a forecast. Edges change. You can stop whenever you want. Do not stake money you cannot afford to lose. 18+ only.

Any money you stake is at risk. If the horse does not win the race, that stake is lost. If the horse wins, your stake is returned, together with a profit determined by the odds.

A Strategy aims to produce more profit from winning stakes than is lost from losing stakes over time, but this is not guaranteed. Each stake is at risk until that race is settled.

Understanding probability explains why you still need a Working Bank, even though it is not the thing at risk.

Back to Strategies Apply for a Seat

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