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-   -   Laying System with 1500+ Test Results (http://forums.ozmium.com.au/showthread.php?t=22731)

UselessBettor 17th October 2011 06:07 PM

Laying System with 1500+ Test Results
 
Here is something I found as I was playing with my website:

There were 22459 horse form lines in the database at this point in time.
There were 1561 selections for the System
There were 1294 which Lost (did not win race) for the System for a strike rate of 82.9%
You had to pay out $1381.51 but brought in $1482.95 after 5% commission. This means a Profit or loss of $101.44 or a percentage profit/loss of 6.5%

The rules are :

Win Price < $10
Barrier >= 9
Don Scott Rank >= 2
Bet Type : LAY

Thats a return of 10x the max lay value of $10 and a healthy 6.5% return after over 1500 selections.

kumite 21st October 2011 04:02 PM

surprised so many losers UselessBettor
guessing the key filter is barrier >= 9
race distance not a factor?

UselessBettor 21st October 2011 06:20 PM

kumite, as per other thread I didn't apply too many rules but you can narrow don't the angles that are more profitable using the test your system form on my site.

kumite 22nd October 2011 02:16 PM

ok

UselessBettor 30th October 2011 07:48 AM

Just and update on this method:



There were 27353 horse form lines in the database at this point in time. We update when we get time. There were 1894 selections for the System
There were 1567 which Lost (did not win race) for the System for a strike rate of 82.73%
You had to pay out $1703.75 but brought in $1799.3 after 5% commission. This means a Profit or loss of $95.55 or a percentage profit/loss of 5.04%

Dropped $6 over about 300 selections which is not bad. A few extra filters could probably make this worthwhile.

One filter I tried was Career Races >= 5 days to ensure we have an acceptable base rating for the don scott calculation and we ended up with :



There were 1363 selections for the System
There were 1154 which Lost (did not win race) for the System for a strike rate of 84.67%
You had to pay out $1136.48 but brought in $1294.85 after 5% commission. This means a Profit or loss of $158.37 or a percentage profit/loss of 11.62%
Thats 17.6 times the maximm liability of $9 (10-1).

maxx 31st October 2011 10:29 AM

Hi UB my first post on any forum I have read some of your posts...quite amazing have you considered metro and non metro in your system test?? Cheers Maxx

UselessBettor 31st October 2011 05:46 PM

maxx,

At the moent I don't distinguish metro vs non metro. I will need to add it.

Shaun 31st October 2011 06:42 PM

You need to add lengths beaten this is more important than the finishing position

UselessBettor 1st November 2011 06:45 PM

Quote:
Originally Posted by Shaun
You need to add lengths beaten this is more important than the finishing position

True. Its something i am looking at adding in the future.

thorns 2nd November 2011 05:26 AM

Quote:
Originally Posted by Shaun
You need to add lengths beaten this is more important than the finishing position

Depends if you are making a win or lay system.


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