Quote:
On 2003-08-21 10:44, crash wrote:
Total races 112 Total outlay 1380 units
Total Return 2507.35 units Total wins 26.
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Crash,
Are you having more than one bet per race?
Or are you betting a set number of units per race?
You said you were betting level stakes, so I'm assuming it must be one of the above.
While 112 races is a very small sample at least we can dissect it a little to give you a guide.
112 races outlay 1380 units.
I'm going to assume here that you bet 12.32 units (average) per race with one bet per race - otherwise the whole thing will be up the spout!
Your win strike rate is 23.21% or you can expect to collect on 23.21 races for every 100 races that you bet on.
Your average win dividend is $7.83 (if my assumption is correct).
Your return for 1 unit investment on 100 races level stakes is 181.73
Your profit on turnover is a whopping 81.73%
You sure you're betting level stakes?
Now I went to my database to find out the average place dividend of horses paying between $7.00 and $8.00 at the jump, as a
rough idea of your expected place dividend.
I took a sample of 877 such horses at metropolitan tracks (because the pools are bigger) and came up with an average place price of $2.25.
The problem is that I don't know your place strike rate to work out the result.
If you can provide a place strike rate, we can take it from there as a rough guide.
The above analysis is only a rough estimate.