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Search: Posts Made By: UselessBettor
Forum: General Topics Today, 06:00 PM
Replies: 42
Views: 2,040
Posted By UselessBettor
A quick update for a monday as there are no other...

A quick update for a monday as there are no other posts going up on the forum.

Updated July Monthly position:
1. Made 27.55 units this month.
2. Reading two books at the same time.
3. Already...
Forum: General Topics Today, 07:57 AM
Replies: 42
Views: 2,040
Posted By UselessBettor
Agreed you need to understand your impact on the...

Agreed you need to understand your impact on the market odds especially if betting with BFSP or Tote.

As far as the US its hard to guage the size of the pot because they never start on time. Either...
Forum: Horse Race Betting Systems Yesterday, 03:41 PM
Replies: 2
Views: 149
Posted By UselessBettor
Thanks for the system. Great to see someone...

Thanks for the system. Great to see someone posting as the forum is mostly dead these days.
Forum: General Topics Yesterday, 12:22 PM
Replies: 42
Views: 2,040
Posted By UselessBettor
ha ha ha .. Yeah sorry it was a mistype which I...

ha ha ha .. Yeah sorry it was a mistype which I didn't notice. It was Lismore R6. CHATEAUROUX.

The new system finished down $10 (2 test units) after 51 bets with only 7 winners. After a winner...
Forum: General Topics 21st July 2018, 04:37 PM
Replies: 42
Views: 2,040
Posted By UselessBettor
Just bought the book Footballistics by James...

Just bought the book Footballistics by James Coventry. Only just started reading but looks to have some fun things in it.

I am not a heavy AFL bettor or layer. I do a little bit more in NRL being...
Forum: General Topics 20th July 2018, 05:58 PM
Replies: 42
Views: 2,040
Posted By UselessBettor
Updated July Monthly position: 1. Made 17.89...

Updated July Monthly position:
1. Made 17.89 units this month.
2. Still reading the same 2nd book.
3. Already conducted a risk review at the beginning of this month. (COMPLETED)
4. Only 3 new data...
Forum: General Topics 17th July 2018, 08:58 PM
Replies: 14
Views: 375
Posted By UselessBettor
(its on any sport worldwide) From google:...

(its on any sport worldwide)

From google: "in play betting Australia banned" :

Under the current law, in-play betting is already illegal, but sports betting operators taking customers in Australia...
Forum: General Topics 16th July 2018, 06:42 PM
Replies: 14
Views: 375
Posted By UselessBettor
Yes the tools allow you to do what ever you want...

Yes the tools allow you to do what ever you want (I don't use them but I am going by what I have seen of them).
Forum: General Topics 16th July 2018, 06:41 PM
Replies: 14
Views: 375
Posted By UselessBettor
Ocho, It doesn't work on sports in AUS. Stupid...

Ocho,

It doesn't work on sports in AUS. Stupid legislation.
It does work on races as in play of horse racing is different to in play in sports.
Forum: General Topics 15th July 2018, 05:48 PM
Replies: 14
Views: 375
Posted By UselessBettor
Yep you worked it out :)

Yep you worked it out :)
Forum: General Topics 15th July 2018, 04:01 PM
Replies: 14
Views: 375
Posted By UselessBettor
It doesn't work that way at all. If the team...

It doesn't work that way at all. If the team loses then you win $10 and lose $10 so it is breakeven. You only get the $50 if the team wins.




Yes. But it doesn't work here in Aus with the...
Forum: General Topics 14th July 2018, 06:09 PM
Replies: 14
Views: 375
Posted By UselessBettor
I thought I should explain my example so here it...

I thought I should explain my example so here it is:

If the team loses you lose your Lay bet so -$30 but you win your back bet which returns $40 - 6.67 = $33.33. Your profit is then $33.33 - 30 =...
Forum: General Topics 14th July 2018, 06:06 PM
Replies: 14
Views: 375
Posted By UselessBettor
1. The profit/loss is just about backing and...

1. The profit/loss is just about backing and laying at different sums if your trading. So if you lay a team at $10 before the event (or in play) at the price of $4 (so a liability of $30) and that...
Forum: General Topics 14th July 2018, 11:48 AM
Replies: 42
Views: 2,040
Posted By UselessBettor
Got moving today and got another 3 quality data...

Got moving today and got another 3 quality data points added. These new data points should be interesting and may allow a few new systems to be developed down the line.
Forum: Horse Race Betting Systems 14th July 2018, 10:57 AM
Replies: 12
Views: 1,033
Posted By UselessBettor
And in the end picking the right races to apply...

And in the end picking the right races to apply the strategy is the key to it.

You can't do this on all races.
Forum: General Topics 13th July 2018, 07:37 PM
Replies: 42
Views: 2,040
Posted By UselessBettor
Been a few days in July now (almost half way) so...

Been a few days in July now (almost half way) so time for an update.

Updated July Monthly position:
1. Made 14.78 units this month.
2. Still reading the same 2nd book.
3. Already conducted a risk...
Forum: Horse Race Betting Systems 13th July 2018, 07:01 PM
Replies: 6
Views: 459
Posted By UselessBettor
"All going" is actually a different...

"All going" is actually a different type of track. Its meant to drain away the water very quickly so that regardless of the water put on it that it will run the same. In reality its not quite...
Forum: Horse Race Betting Systems 11th July 2018, 07:40 PM
Replies: 6
Views: 459
Posted By UselessBettor
Yep you are exactly right. You need to be...

Yep you are exactly right. You need to be recording prices in running and then testing systems against that if you want to bet/lay in running. Its all guesswork and generally is a losing...
Forum: General Topics 7th July 2018, 04:06 PM
Replies: 42
Views: 2,040
Posted By UselessBettor
June Results: Updated Monthly position: 1. Made...

June Results:

Updated Monthly position:
1. Made 37.74 units profit.
2. Already conducted a risk review at the beginning of this month. (COMPLETED)
3. Finished reading 1 book. Reading book 2.
4....
Forum: General Topics 7th July 2018, 03:52 PM
Replies: 4
Views: 350
Posted By UselessBettor
Just had a quick look at my best days in order of...

Just had a quick look at my best days in order of percentage profit:

Tuesday
Thursday
Friday
Sunday
Monday
Saturday
Wednesday
Forum: General Topics 29th June 2018, 06:07 AM
Replies: 42
Views: 2,040
Posted By UselessBettor
blackdog I think we are talking the same thing...

blackdog I think we are talking the same thing but its just a misunderstanding.
Forum: General Topics 28th June 2018, 08:44 PM
Replies: 42
Views: 2,040
Posted By UselessBettor
Interesting you bring that up evajb001 :) ...

Interesting you bring that up evajb001 :) Simple answer is yes I do.

That is also one of the standard tests I use against a system. Commonly known as a chi-test :...
Forum: General Topics 28th June 2018, 04:46 PM
Replies: 42
Views: 2,040
Posted By UselessBettor
Yes ordinal data generally isn't normalised. But...

Yes ordinal data generally isn't normalised. But that doesn't affect impact values. Not sure where you were going with the ordinal data comment ?
Forum: General Topics 28th June 2018, 04:45 PM
Replies: 42
Views: 2,040
Posted By UselessBettor
"An impact value of 1.0 means that the...

"An impact value of 1.0 means that the horses with a particular characteristic won a percentage of their races that was equal to the percentage they were of the total number of runners in the group....
Forum: Horse Race Betting Systems 28th June 2018, 04:40 PM
Replies: 12
Views: 1,033
Posted By UselessBettor
Have you looked at the races you are losing on...

Have you looked at the races you are losing on and why ? For example, number of runners, odds spread, location, barriers of winners(losers), condition of track, race number, time of day or night,...
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