BC,

Yes your point is valid. In the original analysis the number of bets per year was kept the same for both selection methods – 200 per year. If the selection method with the lower SR picks 386 runners per year then the two methods deliver exactly the same profit for the same amount of risk. A matter of personal taste as to which you would prefer.

By the way, I was in no way saying that the above analysis should be used as the only way to compare selection methods, rather I was just pointing out something of interest to consider.

Happy punting to all.