27th April 2005, 07:59 AM
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Member
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Join Date: Jan 1970
Location: Sydney
Posts: 402
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Bhagwan,
for some reason you have not grasped what makes following tipsters a mug play. Their visibility and popularity means you will NOT get value, irrespective of the strike rate.
And I notice no one has bothered to post profit figures for tipsters to justify that strategy.
So I've just run my own test.
I examined the top 2KY pick.
Then as a control I examined runners with SP <= 3/1, but which were not in the top 3 2KY picks.
Tipped Untipped
44,203 11,007 - Runs
25.6% 25.9% - Strike Rate
91.7% 97.0% - ROT - best SP/NSW
85.7% 94.0% - ROT - NSW TAB
This should be emphatic proof that tips make far bigger losses than untipped runners with similar strike rates.
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