20th May 2013, 08:01 AM
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Member
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Join Date: Mar 2013
Posts: 333
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Quote:
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Originally Posted by FredTheMug
Thanks for the replies guys.
Watching my own P&L go up and down over the day often makes me wonder if my approach is less likely to win on the later events of the day, but none of my (very light) analysis has shown any significant bias.
I would love to have a strike rate of 80%! I guestimate that mine is around 52% and I do OK.
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Hi FredTheMug
If your strike rate is anything close to 52% then believe me you are doing very well. As you would probably be aware a higher strike rate means less variance and is certainly easier to profit from long term than a low strike rate due to the higher bank risk and larger draw down periods associated.
If your strike rate was 80%, and assuming you had a 10% betting edge, then your average dividend would be $1.38.
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Regards
Paul Daily - Ratings2Win Pty Ltd (Director)
R2W Axis - Axis is Australia's leading horse racing software and database; with sophisticated form analysis tools and accurate performance ratings that include Hong Kong.
http://www.ratings2win.com.au/
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