23rd July 2015, 06:37 PM
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Banned
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Join Date: Feb 2013
Posts: 755
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Despite the infomercial post and subsequent rebuttals, there hasn't been much real interest thus far in this thread.
Let me see if I can stimulate some interest? Most punters look at a group of runners and price their chances. Once a horse is priced, we look to the market to see if it's a value bet. All very logical.
But wait....what if you assess a selection by four well researched means and put a rank or % chance of winning on each. It might be three different ratings together with price, all converted to a price %.
It might look like this: 20% + 15% + 25% + 10% / 4 = 17.5%
Convert that to a price = $5.71
Now compare that to the market. But wait....there's more. That combination if converted to ranking might look like this: 2, 4, 2, 5
Your database for that combination will have wins and losses. Sum up the nett win/ loss to date. It may well be that it's showing a strike rate of only 14%. This is the second overall filter. You need to adjust this calculation on a regular basis. You also need a big database of several years, as you're breaking your stats into much smaller samples.
Effectively it means you're having multiple bets per race and need a staking plan to suit, possibly Kelly.
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