The racing is hotting up, no less than 5 Group 1s (internationally categorised races of the highest quality) this Saturday - 4 in Sydney (Randwick) and 1 in Melbourne (Flemington) - so I guess I'll know what I'll be doing this week.

Again we'll be using the soon-to-be patented staking system (joking) that I developed (that bit is true) - the Canadian. It is my preferred betting approach, especially for Group 1 races. Simply put the Canadian has the capacity to maximise gains and minimise losses. The Canadian effectively parlays a single selection (for the win and the place) in each of 5 races.

It is not a selection process - the form still needs to be done by analysing form guides etc. While similar to other "set and forget" betting options offered by the totalisators it has far greater flexibility in that it can operate across different racetracks, extends across different days, and one can pull out at any the conclusion of any of the 5 legs of a Canadian as the bets are placed "manually".

It's a great betting approach for this time of year (big fields and very open races), as you really limit your losses if you have an off day on the punt (very strong chance this week)....but if you're on song (fingers crossed) then the champagne flows for a long time.

May the racing gods look kindly upon me between now and the end of the Spring Carnival.

UPDATE: As predicted a tough day at the punting office: a 5th (shocking ride), a 2nd, two WINNERS, and a 10th. 60% profit on turnover for the day - I'll take it and it's better than a poke in the eye with a stick.

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