Having read some of your recent posts I have to say that this statement alone will vastly improve your success! I run about 10 systems and in the last 6 months my average winner paid less than $3 but my strike rate was over 50% which is great because I hate long runs of outs which is what you get chasing big priced winners. You can definitely find value at the pointy end of the market but you need to be selective and patient - 2 things that keep me from being able to do this fulltime.....but I am working on it :)

Cheers,

Mat.

Mat.

You sound just like the advice U.B. gave. With you having10 Systems do you not find that one or a few can canabalise the others.

Eg If you are betting short prices averaging $3 like you say but you have 10 systems how often do you get a clash in a race. And when you do, would you not find with the short prices that your outlay will be greater then the return on that race.

I asked a similar question in another post about something similar which referred to SR but really it might apply egually here.

When you say you get a 50% SR is that per race or total number of selections. In other words does your 50% get help from maybe having more then one horse in a race but in different systems and then that race only counts as one, even though you have two chances.

I am confused!

Star

Couldn't have worded it better myself,
Agree 100% with every word.

Cheers.
Garyf.

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Thanks to all.

Napoleon Hill will be very pleased that a group of like minded individuals are applying the concepts he outlined on Page 190 Step 9 : THE POWER OF THE MASTER MIND in his classic book THINK and GROW RICH.

I am sure he was not thinking about beating the horses, but about fortune and life in general and being the success you want to be. So, I guess, we all fit in there somewhere.

It was first published in 1937 and after many reprints still ranks as a master piece. Many, if not all, of the Later Day Saints of Self development use all the principles he devised, only they have changed the wording, but not the message.

Star

Sorry to confuse you Star, no the systems do not canabalise each other - quite the opposite actually. The 50% S/R over the past 6 months (52% actually) is per selection and in that time there have been no races with multiple selections. There have been races where multiple systems have selected the same horse and in these situations the S/R and POT have grown in relation to the number of systems that have selected the horse - the more systems that select the same horse, the higher the S/R and POT.

Cheers,

Mat.

Quite right Mat. Who here wouldn't jump on $2.10 offered on a random coin flip? I'd lose plenty of events along the way but I'll bank my long term profit with pleasure. Value isn't always about a horses chance of winning. My long term strike rates are more reliable & obvious to me than my ability to assess individual horses.

Exactly right RR, I will generally run my systems around getting the highest S/R I can and then finding the best price I can for the selections (not always possible though I'm afraid) which is why I try to find favourites (or 2nd/3rd favs) who are true favourites instead of false ones.

An example is a favourites system I run where I have a short list of selections but they only become a bet if they run the favourite on NSWTAB. In the past 6 months there were 184 bets for a 53% S/R and 35% POT - not bad for a system with an average NSWTAB price of around $2.50.

Cheers,

Mat.