This blog is a day delayed - though not, I'm pleased to say, as a consequence of any dissatisfaction by me with the wagering outcome - because I've been away on business in NZ and refused to pay the usurious rate that the hotel there was demanding of its inmates for internet access. Even the AUD/NZD conversion rate couldn't make that transaction worthwhile financially.

With four of the home teams short-priced favourites this week, the Head-to-Head Fund had only two decisions to make and, in both cases, it decided "no". Neither the Giants' $3.85 price tag nor the Blues' $2.15 offering were deemed sufficiently generous to merit a wager.

The Line Fund also passed on these two games, and on two more, eventually venturing just two wagers, one on the Cats giving the Roos 14.5 points start and the other on Port giving the Hawks 15.5 points start. The Margin Fund has two wagers on each of the Cats and Port Adelaide too, as well as two more on the Pies and two on the Suns.

ChiPS altered the ranking of eleven teams this week - two of them without even needing to take the field. Only one team though moved by more than a single spot, Collingwood, who fell two spots to sixth after losing to the Crows by 19 points, a result that cost the Pies 2.3 Rating Points (RPs).

It's disappointing when a round that starts so well, finishes so poorly. Thursday night's victory by the Crows landed our head-to-head and line bets and had us 2.2c closer to profitability, but just a single additional collect throughout the remainder of the extended round saw us hand all of the 2.2c back, with a 0.1c tip toppling us just over the edge from break-even into loss

This week presented the Fund algorithms with another half-dozen contests to evaluate and they've responded with wagers, in aggregate, sized very similarly to last week. We've nine bets spanning five games and representing 5.2% of the original Recommended Portfolio.

West Coast and Sydney were the two biggest Ratings Point (RP) accumulators in a truncated Round 8, West Coast ending a five-week long Ratings slump and Sydney extending a now four-week long Ratings climb as a result.

We Investors already knew our financial fate last evening. All that was left this Monday night was to see how MatterOfStats' various Predictors and Tipsters finished the round.

Round 8, which still has one wager-free game to be played before it's done, has provided Investors with their best single round return for the season.

On a per game basis this week we're investing more than we have in any other single round this season despite wagering in only four of the six games available and despite having no disturbingly large single wager. That's not to say though, as my clients in the risk industry might phrase it, that our risk is "fully diversified". We do have a fairly significant dependence on the performance of a single team.

Within the ChiPS Rating System, winning teams more often fail to accumulate Ratings Points (RPs) than they do within the MARS System.

Yet another frustrating week of wagering with only a single collect to show for it, a line wager on the Giants buried amongst two other unsuccessful line wagers, a forlorn head-to-head wager, and 10 whiffs in the SuperMargin markets

We've already collected this season, in Round 1, from a wager on GWS when they were priced in the "not this week" range, and this week the Head-to-Head Fund is hoping to reprise that symphony with a 2.1% wager on the Giants at $9.50 facing the horribly in-form Port Adelaide. Its bet is twice as large this week as it would have been were it made last week when the Fund's Kelly bet divisor was still at 20 and not 10. According to the Head-to-Head Fund, no other home team represents value in the head-to-head market this week - at least none of the three other home teams that it was entitled to consider for that privilege, they being the only ones priced at $1.50 or higher.

Port Adelaide are the competition's Most Improved Team so far this season, according both to the ChiPS and the MARS Rating Systems, Port having risen seven places in each System after accumulating about 20 Ratings Points on both.

I sometimes feel that I'd benefit from putting a little more time between the end of the weekend's last game and composing the related Results blog - but then, who'd want to read about the Round on the following Tuesday or Wednesday?

The Line Fund has wielded its new-found ability to inflict and suffer twice as much damage per game by constraining itself to only three wagers for Round 6, one on St Kilda giving the Lions 15.5 points start, another on the Dees basking in just over 7 goals start playing the Swans, and the third on Port Adelaide receiving 4.5 points start against the Cats.

This week I'm including the team rating opinions of the Colley, Massey and ODM Systems along with those of ChiPS and MARS.

For the second week in a row all three of the MatterOfStats Funds lost money, the Margin Fund most determinedly by shedding 5c, but the Head-to-Head and Line Funds with only slightly lesser and approximately equal alacrity, dropping 1.4c and 1.5c respectively. Combined the three Funds brought about a loss of just over 2c for the Recommended Portfolio, leaving it now down by a little less than 3c on the season.

Next week the Line Fund doubles its bet size, and the week after that the Head-to-Head Fund does the same, so there's a sense of pausing in anticipation of bigger battles to come in this round's relatively subdued wagering.

 It's cheap and easy - though, don't get me wrong, disturbingly satisfying nonetheless - to be wise after the event, but one of the more pleasing aspects of the season so far has been the vindication of MARS' and ChiPS' 2013 insistence that the Roos' final ladder position was a poor reflection of their underlying abilities.

Save for a couple of very comfortable line betting wins on Port Adelaide and Geelong, Round 4 offered Investors absolutely nothing to cheer about.