10th April 2003, 11:05 AM
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Member
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Join Date: Jan 1970
Posts: 4,415
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Quote:
On 2003-04-10 09:53, Luckyboy wrote:
Chrome Prince,
Thanks for your effort in putting together that piece of analysis.
Your findings have given me a bit more of an idea as to what may be wrong in my selection process - 'place percentage'.
I have found that you cannot look at place percentage in isolation of win percentage.
I think I may be on the way back!
LB
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Luckyboy,
A piece of advice.....
In THIS scenario backing very short priced horses (usually selective favourites) the win % filter created the profits but did not really increase the strike rate by much.
In other areas it may be the place % which is a better filter....2nd 3rd faves etc.
It is not necessarily the strike rate which creates the profit.
My advice is don't immediately think that win% is the be all and end all - it just created a profit in this example....but in others may not as you lose the likelihood of better average dividend.
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