Hi all
Like most on here i am trying to develop a system that is profitable..from reading this forum i have learnt much and am always impressed with the ideas shared.I am testing a system that is in profit at level stakes after 2 months ,but it is slow going.i am experimenting with different filters and would love some ideas.what would be your top five filters?

mark

Hi maark,

Not willing to give you my own top 5 but for me the most important is to use the combined betting intelligence that the market offers. In other words my approach in respect of this filter is to understand the market, isolate its weaknesses and exploit those advantages.

In the meantime we have written an article on our website that is titled:

Building a system, the gateway to long term profits. I suggest that you have a read of that as it might provide you with some ideas. You need to be a member of our website however that is FREE.

www.ratings2win.com.au


I wish you all the best in your quest.

__________________
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/

When you say slow going, explain a bit more, have you worked out you SR and P.O.T, how about your average price, and average bets per week, this can tell us a lot of how things are going.

__________________
One Drive

"If the corporates are treating you poorly , just go elsewhere."
"If they need you , they will soon find out."
"If you need them , you will soon find out." --moeee
_______________________________________________

It is a place betting system..approx 50% strike rate..POT 16%..about 25 bets a week..average price $2.33...I dont mind less bets,just trying to get the strike rate up..
Filters at the moment:
I am not betting on slow or heavy tracks.
only bet on races between 1000 and 2000 m.
min 8,max 15 runners.
dont bet on last race

What is your reasoning for wanting a better SR?

The reason I ask is 25 bets a week is a reasonable number of bets compared to a lot of systems that get tossed around. Even with just a $500 bankroll if you turned that over once a fortnight (i.e. just $10 bets) with a 16% pot your addidn't $80 to your bankroll each fortnight. Obviously thats over simplified due to losing runs etc but you catch my drift.

The only reason i'd want to improve that SR is if you can't handle mentally the losing runs that 50% SR brings, otherwise i'm not sure why you'd want to change something that sounds solid already.

Anyway thats just my POV

I would take profit over strike rate anytime. Adding a filter that improves profit usually means losing some horses that come in, in this case placed but also cutting out many losers. I would not mind losing a $2.00 shot for example if I also lost say 4 horses that were unplaced. If you get my drift. I only use one or two filters on my current systems as it tends to get too restrictive with more in my opinion, unless you are using a points rating for each filter.

Cheers

__________________
“First they ignore you, then they laugh at you, then they fight you, then you win.”

There has been some good advice here and personally i don't think you need to change anything, SR is not exactly high for a place system but if you are ok with that then fine, the POT is good and as for number of bets, well i find those that seek more than they have are sometimes for prone to be after action rather then profit.

If you are after bigger returns to create a second income well the only choice is a big enough bankroll to make more profit rather than more bets.

__________________
One Drive

"If the corporates are treating you poorly , just go elsewhere."
"If they need you , they will soon find out."
"If you need them , you will soon find out." --moeee
_______________________________________________

Thanks all for the advice.i still have lots to learn..some interesting things for me to consider..If anything i would be happy with less bets..after my selections its mostly automated..I agree some times over using filters means i miss out on winners i would normally get.but also a better strike rate would mean better profit,plus maybe a smaller loosing run..
Also true about the bigger bankroll,I think start off small,then if it is still going well then ramp it up..It would be nice to have a second income,but i am realistic and this is just an interest..Seems it will just pay for my stupid weekend social bets..
On another note..what about a staking plan..I have done some research and it seems place betting plans are few..could any staking work?which would you suggest?..I can trial with a bot.
regards mark

you were going OK with me until the last condition - that smells a bit like data back fitting for me and you have to be wary of that as there is no last race - its continuous. Some people claim the last race if different - I'm not so sure - it could have been in the old days when people were at the track.
If anything i think it could be the easiest as there can be a favourite bias as people look to get out.


However if you can maintain a 16% POT consistently you are in the top 1% of punters in the world.

The simplest way to improve that would be to place your bet where you get the most advantage - thus look for early fixed and also use BF.

Also carefully examine your " run of outs" sequence - if you have had a quite long and unexpected sequence somewhere it will be telling you that down the track your SR will " revert to the mean" and will reduce - thus putting pressure on the POT.

I adopted the last race thing as looking back over past results i very rarely get a winner in the last anywhere..also it seems the earlier races are more profitable than the last few..I also saw this mentioned in another post recently and it got me thinking..I am not sure why this is the case,it even may be my selection method..
also another filter i use is betting only in races class 3 and above..but i might relax this and see if more bets is better.
Funnily enough i am on a run of outs at the moment..will see how it affects pot over time