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-   -   Okay I have had enough (http://forums.ozmium.com.au/showthread.php?t=22151)

max 27th July 2011 09:40 AM

Okay I have had enough
 
I have spent enough time and effort over the years trying to find an edge in the numbers and I don't have enough knowledge of the industry to look at form, etc so I have now come to an uncomfortable junction.

I have to give up entirely and forget making any pocket money via punting or spend a little money now to get a system that actually works.

Soooo,

Can anyone recommend a purchasable system that they know works?

I bought many systems from PPM and some other mags years ago and still have some of them but they really do not work at all.

I know the age old cry of "why sell a system that works" but surely there must be 1 that works somewhere?

Any ideas?

Also, in case you want to make a suggestion privately, use max stuff 09 @ g mail . com

Sorry for the rant but today my frustration meter is a little lower than normal after spending the past 3 days putting all the results information into my spreadsheet tracking market favourites at Morning, 10mins out, 5mins out, 1 mins out and Closed for every race for the past 2 months (over 1500 races) and hours of poking and prodding revealling nothing at all to rely on.

moeee 27th July 2011 10:01 AM

Quote:
Originally Posted by max

I know the age old cry of "why sell a system that works" but surely there must be 1 that works somewhere?

Any ideas?



You get what you pays for buddy.

GOLD is going for around $1500 an ounce.
Why would anybody sell something that makes money for less than it is worth?

And who wants to pay BIG Bucks for something that may not be suitable even though it may work.

You must understand that if you don't work hard , you won't get the results.
And I'm sure you are working hard Max, but from what I've seen of your posts, You are looking at the wrong information and you are pushing ******** uphill.

If I was winning , I'ld love to help you out , but I ain't, but one thing I do know , you have to really want to succeed , if you want to succeed.
If you want results , but don't want to work hard at it , and in the right direction, best give it away buddy.

Barny 27th July 2011 10:33 AM

moeee, you sound like a politician, lots of platitudes but no substance. You've told Max he's looking at the wrong information but you fail to offer an alternative.

Max, 'ol son I'll help you out ..... seriously!

Go back through ALL the posts on here, it's worth it. Forget about blindly following a system that's been statistically proven to have worked over several years simply because the data used for that system may be flawed.

Among many systems there's a very good one posted way back, but still here, that shows good profit and it's logical. Looking deeper at the S/R and average price of the winners, one could conclude that a few longshots maybe have gotten this system over the line. But it would still be profitable without these longshots.

I can understand your frustration because many systems do work and work well, but I'm guessing that the reason the "published" systems fail is that too many people jump on the back of them and force the price down to a level where they show a loss.

Don't disregard "simple" systems that take into account top 2 tipsters, pre-post etc, etc. It's not my go but there are just some recurring things in racing that seem to go back to the year dot.

Forget your frustration and start afresh and read ALL the posts on here. Do say 5 pages a day, it'll take a while but there's some really good information in there. Sometimes you need to read between the lines and maybe connect the dots from various sources but it can be done.

We're told there's a small percentage of punters who regularly win. There's a lot of mugs out there with too much money who lose the lot, there's a lot of perennial losers who find a successful method and jump off when it goes astray only to jump on to another successful method and jump off when it goes astray. They've lost when they could have won?!

The systems with too many rules, form, distance, days between runs will reurn a loss. Backfitted systems are dangerous. Follow the herd and you're guranteed to at best lose the TAB take out of 15%, or the lot of you have no self control.

Start reading Max ..........

Barny 27th July 2011 10:46 AM

Max, it's important to start at the oldest posts first.

michaelg 27th July 2011 10:52 AM

Hi, Max.

Have you thought of laying instead of betting? I know not everyone likes this type of wagering but you might be pleasantly surprised.

The illustrious Maria who turned a bank of 3,000 to 100,000 pounds sterling in the period of one year admitted she would not win if she bet.

I haven't had a bet for quite some time because I now lay and have been having success both here and in England. And I'm under the impression I am not the only one on this forum to do this.

Barny 27th July 2011 10:55 AM

Look at it this way MAX.

Say you personally know 10 punters, some of whom regularly lose, but don't care too much, one or two who have a serious problem chasing their losses and gamble way too much, and the few who "broke about even today" (read did their cash).

Maybe between the lot they've tipped in $30k a year. Except for the TAB takeout Max, that's yours for the taking provided you don't do the same as these 10 punters.

It's all on this site!

darkydog2002 27th July 2011 11:02 AM

Max,
I,ve got over 600 "commercial" systems from the 2 major system sellers and I can you now none of them are worth a bumper.
Dont waste your money.

Far better to buy the Wizard online for saturday ($5.50) and the ratings and prices for the next 6 days are free.

Alternatively if you concentrate on the r+s ratings (asessed price of $2 or shorter) and have a set MINIMUM acceptable price of $2 TAB or bookie you,ll do far better than any system.

Cheers
darky

Shaun 27th July 2011 11:19 AM

I will give my little bit of advice and that is to just concentrate on the best races of the day, there is no need to win every race in fact you will more than likely lose if you do.

Every punter has there idea of the best races i like to choose the best class or best prizemoney, for today i will only bet on Sandown race 3,5,6,7 this may not be everyone's idea of a smart move but at least it cuts down on the workload.

if you feel the need to bet in every race then just treat this as entertainment and budget for small stakes.

if you want a simple method for those 4 races look at the Unitab Radio tips and the guest tipster and assign points like this.

1st selected = 4 points
2nd selected = 3 points
3rd selected = 2 points
4th selected = 1 points

Back the top 4 runners on points if you have an equal 4th selection use the Qtab ratings to split them taking the highest rated runner first.

moeee 27th July 2011 11:26 AM

Your post has been deleted. Please do not flame. Moderator.

Shaun 27th July 2011 12:08 PM

Here are the selections for Race 3

1=8
5=5
6=2
3=2

Barny 27th July 2011 12:18 PM

So here we are Max. Darkydog2002 has 600 systems none of which work and moeee is still trying to find a winning method. I recall a great contributor here called crash who admitted in one post that he didn't win, that surprised me. His posts were quite brilliant and informative. They certainly weren't statistically based, nor did he put a great deal of faith in systems.

It seems that no one is winning?

Say there's a pool of $100k at the TAB. The TAB takes out $15k and that leaves $85k to be distributed to punters. What percentage of consistently dumb (follow the herd) money makes up that representative and "on-going" $85k?

moeee 27th July 2011 12:58 PM

Quote:
Originally Posted by Barny
What percentage of consistently dumb (follow the herd) ?


Perhaps there may be an error in your premise that following the herd is dumb.

In Following Market Moves , the Punter is trying to get a Free Ride into some unknown data that obviously somebody is willing to invest a large sum of their hard earned on.

I don't do it myself , unless the animal is one of my predetermined selections.

max 27th July 2011 01:15 PM

Thanks for your replies guys. Some have made me laugh, like Shaun's selections for Race 3 which came in in the order he rated them. ************!

I guess I tend to get bogged down in volume and detail because I can be very predantic at times and want to see the bigger picture in case I miss out on something off to the side.

I would be happy to only bet on a few races a day or even a few a week if I knew they would overral return a regular profit.

At the moment I am testing about 20 systems all based on my own theories and on things I have picked up on this site (yes I have been backreading about 20 pages a day, and no I have not found the system you are referring to as just about every 10th page has something new that I end up testing).

I am a destination guy not a journey guy. If I don't think something is worthwhile doing it then I am not going to invest my time and effort finding out. Thats probably why I dropped the electric guitar at age 20 - if I can't be sure I'll be good, then why bother. Life is way too short and I have so many things competing for my time and effort.

I was hoping crunching some numbers over time (something I am very good at) would reveal some sort of strategy to follow which would return a little profit, but alas, nothing has jumped out as yet.

Okay I will not buy a system. I will continue trolling through the hundreds of pages of this forum and continue to take the myriads of data into excel each day and see what else I can find.

I guess it boils down to 1 question - IS IT POSSIBLE?

I hear from lots on this forum that are claiming they don't make profits and yet I would consider them more likely than me to do so - so am I kidding myself?

Shaun 27th July 2011 01:22 PM

Race 5

2=5
4=5
5=5
9=5

This will be interesting, they all rated the same and i used the Qtab ratings to separate them.

max 27th July 2011 01:25 PM

So Shaun how would you back these? Grouped for 1st 4? Boxed Trifecta? 1 unit on each?

max 27th July 2011 01:33 PM

So far I have been looking at:

1st Favourites only
backing 3, 4, 5 favs
backing 3rd favourite at the same time prior to each race (5mins) - 1st 6 races of the day only
1st Fav Race 1's only
top 5 morning odds for the day only
1st runner at 10/1
Rosehill Barrier 1
Radio and Tipster matching 1st fav

plus published systems such as:
Sports Betting Shark
Natural Selections
Zipform

and a few others

So what some of you are saying is to forget the market odds and the morning paper odds as most of that is derived by the market and they are in fact losing on a daily basis?

What should I be better off looking at?

Shaun 27th July 2011 01:39 PM

I would just back the top 2, but that's me you could take Quinellas or if the prices are there to back all of them.

In that first race backing top 2 was only choice.

max 27th July 2011 01:51 PM

Why? Because there was only 2 that got above the 50% mark (5 or above)?

I find a lot of the races on Unitab site do not have a Radio and Tipster tip. In fact only about 25% of the meets have both.

Is there a better source for looking for 2 tipsters?

moeee 27th July 2011 01:55 PM

Quote:
Originally Posted by max

What should I be better off looking at?


Are you familiar with OVERLAYS?

Overlays are essential to Punting as cement is to concrete.
You don't have to know why cement makes concrete goes hard, but you sure as ******** better make sure you have it in there.

If you have dismissed Overlays as not being useful then you are lost.
If you haven't grasped the concept , then read up on the subject.

Shaun 27th July 2011 02:02 PM

Race 6

1=6
4=6
5=3
8=3

max 27th July 2011 02:05 PM

I know what an Overlay is but what I could never work out was what to compare to what?

Morning Published Price in Papers versus Prices 5mins before jump?
Own ratings versus TAB morning odds?

What is compared to what?

I did find some reference to TAB Prices versus HRT Prices but what time of the day am I to check the TAB Prices and what the heck are HRT Prices?

max 27th July 2011 02:07 PM

Shaun

Race 5 was 11,5,9
Race 6 was 1,5,7

Nice.

So if you take the top rating races for the day including all tracks, where do you drawn the line? The top 4 races of the day? The top race from each meet? Any races above a certain prize money?

Shaun 27th July 2011 02:20 PM

My personal liking is to take the best races of the day over all tracks, this can be difficult at times due to lower price values in each state but the way i look at it, if you have to similar class of race in each state you will still have the best class of runner for that state in that race.

Saturday races i go no lower than Open class and midweek is 70 rated, these are just guidelines i like to work with and it helps to cut down on the number of races you bet in, no more than 6 races a day, to be honest i should have just stuck with race 3 even though it is the same value as the other races i chose it was still the only Open class race on today, apart from 2yo races but i don't bet in those as i like the form to be visible.

Shaun 27th July 2011 02:24 PM

Race 7

2=7
9=7
6=4
4=1

max 27th July 2011 02:31 PM

Gottcha!

Very very interesting. Thanks Shaun.

Shaun 27th July 2011 02:34 PM

The stuff i posted about Unitab i won't say it is the best option but there ratings are very good and just as good as any around, the way you select your races and runners is always up to you but i feel limited amount of races is better that trying to beat the card.

max 27th July 2011 02:43 PM

2,8,9 Shaun well done again.

Shaun 27th July 2011 02:46 PM

Not a bad day, my own personal ratings were very similar to the ones i posted and these are the prices i got

$2.40
$3.20
$3.80
Outlay 8 Units
Return 9.4 Units
Profit 1.4 Units
POT 17.5%

That is a nice profit backing 2 horses a race.

moeee 27th July 2011 02:47 PM

Quote:
Originally Posted by max
I know what an Overlay is but what I could never work out was what to compare to what?



This statement suggests you do not know what an Overlay is.

If you are not prepared to find out exactly what it is, then you are doomed to continue feeding them that do.

Overlays are Prices that you can obtain , that are higher than what you have reasonably accurately calculated that they should be.

IT REQUIRES HARDWORK!!!

max 27th July 2011 02:55 PM

Quote:
you have reasonably accurately calculated that they should be.

This is what I mean. How long is a piece of string?

moeee 27th July 2011 03:15 PM

Quote:
Originally Posted by max
This is what I mean. How long is a piece of string?


Yes - I understand.

Well , going by my struggles , it is at least 20 years and growing :)

But when and if I get to the end , I'll be sure to let you know Max

lomaca 27th July 2011 03:26 PM

Quote:
Originally Posted by max
I would be happy to only bet on a few races a day or even a few a week if I knew they would overral return a regular profit.
max
give me an Email eddy and I post you the rules.
This is a variation on Michaelg' neural system. NOT mine!

I don't personally use it because the profit margin is only about 8% and I go for long shots while these tend to be on the shorter side.
There are only a few bets a day but that wouldn't bother me because I have even fewer bets than that, but I make a heck of a lot larger profit with my ratings.

I'm not going to post it here because I did it before and got a lot of smart-alecky remarks.

Yesterday's selections were :
Geelong race 4 #2
Mackay race 3 #2
race 4 #3
race 7 #1

Today

Doomben race 1 #4
race 3 #5

Darwin race 6 #3 (two placings and probably tooooo short)

Murray B race 4 # 2
race 5 #2
race 6 #6

As I said I don't bet it but I programmed the rules into my rating programme so I automatically see the results when checking the days racing.

One could do a lot worse.

max 27th July 2011 03:30 PM

I'm open to anything at this stage mate. Thanks

max stuff 09 @ g mail . com

lomaca 27th July 2011 03:33 PM

Quote:
Originally Posted by lomaca
max
give me an Email eddy and I post you the rules.
This is a variation on Michaelg' neural system. NOT mine!

I don't personally use it because the profit margin is only about 8% and I go for long shots while these tend to be on the shorter side.
There are only a few bets a day but that wouldn't bother me because I have even fewer bets than that, but I make a heck of a lot larger profit with my ratings.

I'm not going to post it here because I did it before and got a lot of smart-alecky remarks.

Yesterday's selections were :
Geelong race 4 #2
Mackay race 3 #2
race 4 #3
race 7 #1

Today

Doomben race 1 #4
race 3 #5

Darwin race 6 #3 (two placings and probably tooooo short)

Murray B race 4 # 2
race 5 #2
race 6 #6

As I said I don't bet it but I programmed the rules into my rating programme so I automatically see the results when checking the days racing.

One could do a lot worse.
Ooops I forgot to mention it's basically a place betting system with the occasional winners!

Barny 27th July 2011 04:14 PM

moeee, i understand where you're coming from with the overlay thingy ..... It gives one peace of mind and lets you sleep very well at night. Personally I prefer an underlay!

Any price a winner ............

moeee 27th July 2011 04:24 PM

Quote:
Originally Posted by Barny
Any price a winner ............


That may be fine for you Barny , but MY Bookie won't let me get on after the Race :(

gunny72 27th July 2011 07:41 PM

Max,
I haven't read that you have considered place percent. I am sure you will find this is an excellent starting point. There are many possibilities where you can get winners that others often miss and so the odds are better. This is what overlays really mean in practice.

For example try this:
Ignore 2yo and 3yo races.
Consider races up to 2000m.
Consider all horses with a spell in their last six form figures.
Eliminate any that have won since the recent spell.
Select the horse from those remaining with the highest place percent. (Or the top two if you like to bet two)

The Ocho 27th July 2011 08:03 PM

Hi max.

Have you tried trading on Betfair?

I turned $50 into $3000 in about 1 year trading most Saturdays and Sundays on the Aussie horse (bearing in mind at the start I was only starting out and trading small amounts). I withdrew something like $2000 to buy a couple of laptops for my daughters and some other stuff.

To be honest, after a while, I got a bit sick of sitting in front of the computer and so I bought 1 bot and then another in an attempt at making some "easy" money using whatever system I could find or think of.

Long story, short, I was down to my last $15 and, as the missus won't let me put in more money, I was forced to go back to trading.

I've started trading again most Saturdays and some Sundays and, since the Queens Birthday weekend here in Melbourne I have turned the $15 into $285 which I am quite proud of. :)

Maybe trading might be for you. You don't have to worry which horse wins or losers as you make money either way if the trade turns out right.

Barny 27th July 2011 08:40 PM

[QUOTE=The Ocho]

"" Long story, short, I was down to my last $15 and, as the missus won't let me put in more money, ""

I don't know how to do the quote thingy !

The Ocho ..... I got a really good laugh out of your comment about your missus ! BTW, I'm not laughing at you ..... that would be hypocritical !! lol

The Ocho 27th July 2011 09:08 PM

No problems Barny :)

By the way, you just click on the little "Quote" button to the bottom right hand side of any post you want to quote and then just delete the lines you don't want making sure you keep the little squiggly bits at the start and end of the quote.


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