Form Factor Ratings
Each day i will post my top 2 runners for selected races, i will keep a running total on level stakes units based on prices from IAS.
Here is an example from today's races. Code:
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Here we go, i list the best class races from each state, these are the best for today all black type races.
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Randwick was a swoopers track, a few times i had runners in the lead to be rolled in the straight.
It is fun starting with a loss. Code:
Result 6/15 SR 40% Outlay 29 Return 20.86 Loss -8.14 |
40% strike rate?
6 from 29 would return a strike rate of 20.69% when I went to school.
Gerry |
It would be if it was per selection rather than per race.
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Shaun,
How are you staing pre race ? Is it is just 1 unit on ech selection ? or is it dutched ? |
I am dutching but for the results it is just 1 unit per selection.
I was ducting $10 per race yesterday and lost about $5 i went away from Black Caviar only because of the price and used my second/third picks. In 90% of races i got better odds on betfair so that's a good sign. |
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How could you bet against black caviar. That horse is amazing. I thought even at $1.14 which is what the bookies were paying she was over the odds. The only reason she was up that high was due to it being her first time running clockwise. When will she get beat ? I don't see it happening soon unless they put her in the completely wrong race and become arrogant. ie too long a distance or a very heavy track. But I think the trainer is too smart to do that. |
Yeah i know, i should have just stayed out and cheered her on.
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Orange races look like a bit of a joke today so i am removing them as selections
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How best to take advantage of these selections?
At the moment i am dutching for a profit, this means equal profit no matter who wins, sounds simple enough, but what if we have a situation like Black Caviars race where the prices have a huge difference or take today's race Wangaratta race 6 the 2 horses were priced at $3.90 and $17.50 dutching these would return me about $20 profit splitting the stake would return me $9.50 and $77.50 profit. Big difference on the longer priced runner, is there more options i was thinking maybe bet in units depending on price, your thoughts. |
The best way to do this is to work out your confidence on each selection and assign odds to each.
Based on the estimated odds (and assuming they are better then the market) you kelly stake them (or half kelly to be safer). |
That's not a bad idea, since these ratings are created by my excel sheet and i have no emotional input i could use the rated price but i have no confidence in the section that creates the price so i might convert the strike rate in to the price and kelly stake to that.
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Result 3/8 SR 37.5% Outlay 16 Return 22.37 Profit 6.37 |
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Ended up with a 2 unit bet today for a loss
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Result 1/4 SR 25% Outlay 8 Return 4.82 Loss $3.18 |
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Result 3/6 SR 50% Outlay 12 Return 13.33 Profit $1.33 |
Can anyone else suggest a way to use these selections?
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how is all this going?
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I have just been dutching the 2 selections, if there is a big gap on prices i will just split my stake.
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form factors
Can you tell me on what these are worked by a computer programe or what ?
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Yes the ratings are just a set of figures i use for each form factor they are basic, in the past i have had some good luck with these as long as form holds up.
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Result 2/3 SR 66.6% Outlay 6 Return 3.46 Loss 2.54 |
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So when you dutch them, do you use them to make a profit on just that 1 race or to cover all races selected?
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Not a lot of luck last few days.
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Result 1/2 SR 50.0% Outlay 4 Return 2.75 Loss 1.25 |
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What a frustrating day, dutching these i made a large loss but at level stakes just above break even.
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Result 2/11 SR 18.18% Outlay 22 Return 22.14 Profit 0.14 |
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The way things have gone so far a double protest by both my horses will get dismissed.
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Strike rate & staking....
Shaun, hope you don't mind me commenting on your thread, but it is meant to be constructive criticism, and I hope you take it that way.
A horse's strike rate is the number of times he wins as against the number of times he races, expressed as a percentage, so if a horse wins 8 times from 24 starts his strike rate is 33.3%. A punter's strike rate is no different, except that his strike rate is the number of times he wins compared to the number of bets he has. In your case, according to your posts you (would) have had 18 winners from 98 bets for a (gross) return of $89.73 which translates to; Strike Rate of 18.36% Average price of winners $4.99 So lets say on 100 bets, your situation would be.... Outlay $100 Return 19 (should be 18, but I'm being generous) x $4.99 = $94.81 for a loss of $5.19 or a little over 5%. (Mind you, most mug punters would be overjoyed if they only lost 5%.) What you have to do then is either increase your strike rate (per bet!) or get longer priced winners. Easier said than done, but if you continue to delude yourself that your strike rate is twice what it is in reality, you're kidding yourself. Also, what is your understanding of Kelly Staking? Mine is that if you're not making a profit at level stakes, the Kelly can't help you, but what it does do if you are showing a profit on level stakes is calculate what percentage of your bank you should bet to maximise profits. Anyone else care to comment? Gerry |
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