22nd November 2012, 03:03 PM
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Member
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Join Date: Sep 2011
Posts: 1,474
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Quote:
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Originally Posted by Vortech
I'm trying to gather ideas around peoples thoughts on reducing profit on turnover over reducing filters
Another example
If you have 10,000 bets and made $1000 profit with 8 rules
Or if you had 25,000 bets and made $1000 profit with 6 rules.
Would you prefer the same return on investment with less rules or more interested in POT
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$1000 profit on 25,000 bets is still with random variance for a system.
But based of what your trying to achieve its more of a balancing act. The profit in relation to the number of bets is important. Its relation to the number of rules is irrelvant. I could have a system that has 1 rule and make $1000 profit on 100K turnover but thats not a good thing. But also a $1000 profit on 100 selections may not be a good thing either if its based on 10 rules and looks at long shots.
People would also need to know
a) strike rate
b) average price of selections
c) average price of winners
d) where the odds are taken from (tab, betfair, etc).
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