Harness Racing Value

[UselessBettor]

Has anyone investigated Harness betting on betfair (for the fav). The liquidity on anything but the fav is not really there but there is a lot of money on the favs in most harness races.

Considering harness races in theory have a higher strike rate for the fav (although lower odds) if we can get the higher odds on betfair then it might be a viable place to bet.

I have run a couple of days so I do not have any conclusive evidence yet but I got 153 selections for a $31.29 profit after commission. I will continue to run this for several months to see what happens. I suspect I have had a good patch so far and expect it to revert to a slight loss.

Anyone got anything to back/negate these figures ?

[UselessBettor]

Ran it last night again and it had a small loss from 26 bets of -$3.83

It only hit 11/26 (42%) so was down on the previous test period which was 78/153 (51%).

Also average odds yesterday was $2.33 compared to $2.70 for the original 153 bets. If I had hit average of 2.70 yesterday I would have made a profit.

I'll see how it goes again today.

[Chrome Prince]

UB is this for all favourites?
Could you also run it just for odds on favourites.
Seen some tremendous value on those.

[UselessBettor]

Chrome Prince,

Yes this is all favourites. Odds on (less then $2) has returned $-2.82 Which is after 5% commission.

[UselessBettor]

OOps No that is wrong. I included Place bets in that last result. Silly me.

All odds on favs betting only for the win returns -0.92 units after 59 selections. Not enough to draw any conclusions yet but its close to break even.

[Chrome Prince]

Thanks UB.

[UselessBettor]

Yesterday was a shocker losing 7 units.

Overall it is now only up 18 units of 202 bets.