Smartgambler
Pro-Punter

Go Back   OZmium Sports Betting and Horse Racing Forums > Public Forums > Horse Race Betting Systems
User Name
Password
Register FAQ Search Today's Posts Mark all topics as read

To advertise on these
forums, e-mail us.

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 11th March 2007, 09:24 PM
ubetido ubetido is offline
Member
 
Join Date: Jan 1970
Location: (Australia)
Posts: 348
Default Price, Field Size and Strike rate

Hi all

Is there really a significant difference in win strike rates when market prices are the same but the field size is different.

For example say we are looking at a selection that is between say 1.8 and 2.6 this gives an average of 2.2 and we would ideally like a 50% strike rate to make profit long term.

Does the selection that fits this parameter fare better in a 8 field vs a field of 14 say.

Cheers
ubetido
__________________
Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body,but rather to skid in sideways, BEER in one hand- PIZZA in the other, body thoroughly used up, totally worn out and screaming WOO HOO!
Reply With Quote
  #2  
Old 11th March 2007, 10:38 PM
AngryPixie AngryPixie is offline
Member
 
Join Date: Sep 2006
Posts: 1,070
Default

Quote:
Originally Posted by ubetido
Is there really a significant difference in win strike rates when market prices are the same but the field size is different.


Ubetido

If you believe as I do that the market price is the best indicator of a runners chance then the answer to your question is no. In my view your 2.2 runner has the same chance of winning in a four horse field as it does in a twenty-four horse field. You'll get some variation due to problems faced in larger fields, but over time I think any variation will even out.
__________________
Pixie
"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash
Reply With Quote
  #3  
Old 11th March 2007, 11:02 PM
Chrome Prince Chrome Prince is offline
Member
 
Join Date: Jan 1970
Posts: 4,415
Default

Quote:
Originally Posted by AngryPixie
Ubetido

If you believe as I do that the market price is the best indicator of a runners chance then the answer to your question is no. In my view your 2.2 runner has the same chance of winning in a four horse field as it does in a twenty-four horse field. You'll get some variation due to problems faced in larger fields, but over time I think any variation will even out.


I differ slightly from this opinion.
From my research, if the price does not blow out with increase in field size, then the chance of the horse winning increases.
So if you have a $1.90 chance in a field of 7, that same priced horse in a field of 24 has a greatly increased chance.
__________________
RaceCensus - powerful system testing software.
Now with over 413,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/01/2025
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg
Reply With Quote
  #4  
Old 11th March 2007, 11:10 PM
AngryPixie AngryPixie is offline
Member
 
Join Date: Sep 2006
Posts: 1,070
Default

Yes I had my infinite number of races hat on. There's probably not been enough races run to know one way or the other. I'll not aware of an empirical study, but I'll see if I can find one.

Having said that though I do on the occasion bring field size into the equation.
__________________
Pixie
"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash

Last edited by AngryPixie : 11th March 2007 at 11:23 PM.
Reply With Quote
  #5  
Old 11th March 2007, 11:48 PM
ubetido ubetido is offline
Member
 
Join Date: Jan 1970
Location: (Australia)
Posts: 348
Default

Hi

Thanks for the replies yes i find it interesting. I am looking at relating this purely to an odds range irrespective of race code etc.

For example it is not unusual at the greyhounds or trots to have a price on a selection of say 2.50 but it is racing on the second line of betting as it is against a 1.40 fav. So is it the field size or position in the market?

Cheers
ubetido
__________________
Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body,but rather to skid in sideways, BEER in one hand- PIZZA in the other, body thoroughly used up, totally worn out and screaming WOO HOO!
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump



All times are GMT +10. The time now is 07:56 AM.


Powered by: vBulletin Version 3.0.3
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
©2008 OZmium Pty. Ltd. All rights reserved . ACN 091184655