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Newby - System Sample Size question...
Which (theoretical) bet to place system is best?
System One $10k bank $1k bets (10% takeout) Races 990 Wins (PLC) 746 Strike Rate 75.4% Avg Win Div $1.40 Profit on Turnover 5.21% Profit $51,540 Max bank risk 36.9% Avg bank risk 15.4% Max outs 5 System Two $10k bank $1k bets (10% takeout) Races 688 Wins (PLC) 520 Strike Rate 75.6% Avg Win Div $1.40 Profit on Turnover 6.84% Profit $47,080 Max bank risk 39.8% Avg bank risk 14.6% Max outs 6 Profit and bank risks are broadly similar... Is the 30% larger sample size in System One significant enough in terms of improving predictability / reliability to justify the “cost / benefit” associated with a slightly lower POT and having to place an extra 300 x $1000 bets for an additional (approx) $4k return??? Thanks in advance for any helpful comments... p.s. above bet numbers are based on placing 2 to 3 bets / week. Last edited by SystemSampleSize : 29th June 2016 at 07:07 PM. |
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