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-   -   Winning %age of Favs. (http://forums.ozmium.com.au/showthread.php?t=6837)

miamiles 3rd January 2005 10:29 AM

Winning %age of Favs.
 
It is a truism that 30odd% of favs win. Over time it has been written here to wait for a fav to win the bet on next one etc. My question is does anyone have any stats on consecutive favs winning - like races 3 &4, 7&8 etc.. Thanks in anticipation

Shaun 3rd January 2005 11:39 AM

Any one that waits for a fav to win then backs the next one is just waiting to go broke....the only time you want to back a fav is when it is a true fav and you have done the form to support that

miamiles 3rd January 2005 12:12 PM

Thanks for the advice Shaun but I wasn't seeking advice I was seeking facts

Mr. Logic 3rd January 2005 12:46 PM

Quote:
Originally Posted by Shaun
Any one that waits for a fav to win then backs the next one is just waiting to go broke....the only time you want to back a fav is when it is a true fav and you have done the form to support that


You'll still go broke backing true favourites unless you get the right odds. Take $2.00 about a true favourite that should be $2.20 and you'll end up losing. But you'll get a good winning strike rate. Loss chasing staking methods won't turn things around either.

Chrome Prince 3rd January 2005 04:13 PM

Hi,

My database contains only Metropolitan races....

Overall
17,617 clear favourites
30.44% S/R
13.18% Loss On Turnover.

Whether consecutive or not it will even out unless you can find a method that eliminates some % of losers or obtain better odds. These days it quite easy to make money longterm as a 13% loss can be turned into a 2 to 5% profit, possibly even more, by obtaining better prices.

The loss on turnover quoted overall is using Tabcorp prices.

DR RON 3rd January 2005 06:15 PM

Why is it when we have such a vast array of resources at our fingertips, we still only manage to have the same strike rate of faves as we have had right through history???

woof43 3rd January 2005 07:31 PM

It's something called the "diminishing marginal utility. We think by adding more an more variables/factors you will find more value, but the reverse is true.

Shaun 3rd January 2005 08:19 PM

I will agree on that more information does not say we will get more winners

shoto 3rd January 2005 08:29 PM

The ave price has gradually declined though, as a result of more informed money being bet.

Shaun 4th January 2005 01:43 AM

But using other services you can get a better price....80% of people still don't read form or don't understand it


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