Smartgambler
Pro-Punter

Go Back   OZmium Sports Betting and Horse Racing Forums > Public Forums > Sports and Gambling
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 31st January 2006, 11:27 AM
moeee moeee is offline
Suspended
 
Join Date: Jan 1970
Location: Melbourne
Posts: 5,359
Default A slant on Framing a Market.

As I peruse the animals form,I go about placing all dogs in order from the one with the most chance of saluting to the one with the least.
The top animal is given a SCORE of 100.
Then every animal is given 10% less than the animal immediately above it.

So,with 8 dogs,the scores would be 100,90,81,73,66,59,53,48.
This gets me started.
Then I compare the top 2 dogs by imagining they were together in a match race.And this match race was run 100 times.
What share of those 100 results would be won by each dog?
So No.1 has 100 and No.2 has 90.As a percentage No.1 has 53 and No.2 has 47.
If I feel that No.1 can win more than 53 times I decrease No.2's score by a further 10%.
Now No.1 is 100 and No.2 is 81.Percentage chance is 55 and 45.
Again,if I rate No.1 as capable of better than that,another 10%.
No.1 is 100,No.2 is 73.Percentage now 58 and 42.
If it looks about right,THEN the new scores are 100,73,66,59,53,48,43,39.
Then I compare dogs one and three in the same manner.
Then dog 2 and 3.Then 1 and 4.And 2,4 and 3,4.And so on until I have compared every one of the 28 possible combinations.

Then divide the total score by each dogs individual score and you have the minimum dividend The dog needs to pay to qualify to be an overlay.
Reply With Quote
  #2  
Old 31st January 2006, 12:17 PM
Sportz Sportz is offline
Member
 
Join Date: Dec 2004
Posts: 11,965
Default

And by the time you've done all that, the race is probably over.

Seriously though Mo, that does look a tad complicated, but good luck with it. Anyway, how are you going? I hope you're getting some winners.

Last edited by Sportz : 31st January 2006 at 12:20 PM.
Reply With Quote
  #3  
Old 31st January 2006, 02:59 PM
moeee moeee is offline
Suspended
 
Join Date: Jan 1970
Location: Melbourne
Posts: 5,359
Default

Hi Sportz!

Yes it is a bit long winded.
But I have a spreadsheet and it knocks it down to about 40 minutes oer race.
PLUS!.I quite enjoy it.
And it only looks complicated like a new DVD player,once you get used to it, Simple.
I am going very well tippingly,Borderline financially and still down the tube personality.
But it's not all ordinary.
My wife ****ed off after 13 years and I feel a little confused adjusting,but am much happier without the burden.
Reply With Quote
  #4  
Old 31st January 2006, 09:24 PM
commanda commanda is offline
Member
 
Join Date: Jan 2006
Posts: 9
Default

So is this subjective or objective? Do you use formula's with various form factor inputs, or just pick random numbers based on some vague interpretation of the form guide.

You say you run 100 hypothetical races. Is this Monte Carlo simulation?

Sorry if I sound harsh, but your use of the word "imagining" causes me great concern.

BTW; I ran my spreadsheet on Gosford tonight. 10 races, skip the 2 maidens. Leaves 8 races for 4 wins, 50% strike rate. Pitiful dividends returning $7.50 win & $5.50 place on flat stakes.

Amanda
Reply With Quote
  #5  
Old 31st January 2006, 11:31 PM
moeee moeee is offline
Suspended
 
Join Date: Jan 1970
Location: Melbourne
Posts: 5,359
Default

Stick to your mathematics Amanda.
That way you can bet any track,in any state.

My style is a more a seat of the pants way.
You can't really quantify the information mathematically.
Sometimes it works,sometimes not.

Definately not tonight.
At least I had the winners rated at under their starting price.
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 08:54 PM.


Powered by: vBulletin Version 3.0.3
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
©2008 OZmium Pty. Ltd. All rights reserved . ACN 091184655