12th October 2005, 11:27 AM
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Member
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Join Date: Jan 1970
Posts: 804
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Quote:
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Originally Posted by Punter
....I need a staking plan for backing four horses per race......My selection process is pretty good (I think) with 205 selected races for 135 wins = 65.85% strike rate.
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Basically your strike rate is not 65.85%. You have 135 wins from 820 bets. That is a strike rate of 16.46%. 16.46% in dollar betting odds is $6.08. What is important is the average odds of your winners.
If your average winner is below $6.08 then you are trying to turn a method that loses at level stakes into a profit. That's no different to trying to stake roulette to make a profit. (Assuming you are not making any use of possible wheel bias etc.) Long term it can't be done. |