Consider The Way You Bet
 

I came across this the other day and although not directly related to horse racing the mathematics side of things got me thinking.

No matter if you are backing, laying, exotics or what ever, a lot of this makes sense, in same ways i am sure we all do this but i just think he explains it in very simple terms.



https://www.youtube.com/watch?v=bRCtBRsLPmk

I have seen this before.

Its basic assessment on whether you are winning or losing especially when using system betting. If your wins don't cover the losses then your going to lose money overall. He just shows how strike rate and profit are important together.

This is why price is very important in betting. You need to make sure you are getting your returns on your wins to cover your losses.

For sure, i know is basic info but for some reason it made me stop and think, put it in to more importance than perhaps i have been doing, so maybe a few others will benefit from this.

Thanks Shaun,

Every thing Helps.

When anyone contacts me I put them straight on to the articles from R2W.

Cheers

Shaun, sorry to be nosey but are you still approaching your betting based on your ratings spreadsheet and betting the top x raters? How has this been going? I assume its profitable

This is exactly why I'm a layer. I was taught many years ago to be the bookie.

It has it's up's and downs, like most things, i still only back the top 2 and the pricing model i use is the biggest advantage, betting to prices when it is right it shows some big overs.

Thanks Shaun, he explains it very well including "DUH", which made me laugh.
However, he doesn't mention brokerage and tax on winnings which may eat up the edge unless one has large capital. In my opinion the brokers and ATO are the casinos, they make money with no risk.

Overall a very good video and he obviously knows his stuff.