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Old 16th November 2008, 11:40 AM
Hammers Hammers is offline
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Join Date: Jan 1970
Location: Sydney
Posts: 148
Default Sufficient test period

I have been trialling a selection method on spreadsheet only. The action is high and the results very encouraging. My question to the forum is one that may well have been asked by someone else previously so I apologise if this is repetitious -

How many bets or what period of time is sufficient to satisfy ones self that the test is reliable?

My figures are as follows ....

976 bets
305 winners (31.3%)
562 places (57.6%)
Win POT 28.8%
Place POT 7.1%

37 betting days - 30 winning days, 7 losing.
Average number of bets per day 26.

There is one $33 winner in the mix, 14 at between $10 and $19 and 290 winners at single figures. I say this so that the figures are not seen to be overly flattering owing to a large number of long priced winners that may not recur.

Is it time to bet with a small bank to test the water, dive in head first, or stay on shore and watch for a while longer?

I would appreciate some advice - I pick the winners okay but my execution in the past has been woeful to say the least.

Cheers,

Hammers.
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