Hi Chrome.

Thats the beauty of your data base isnt it? Facts at the press of a button.

AND also exposing Racing "myths" ( of which the industry abounds.)

Cheers.
darky.

The problem of facts at the press of a button is the 2/3rds unknown that can never be known. 1/3rd is better than nothing though. Computing hasn't improved the 30% fav, SR one inch.

That's true crash, but it has improved spotting value or lack of.

Canterbury
Love And Kisses WON $1.40
Unconditional Love

I laid love and kisses at $$1.66 and still came out well ahead.
Not to mention good ole Shibboleth at Sandown.

I laid the horse so high because I know just how nuts they go on these hot pots at Canterbury and wanted to get matched as I was going out - must be something in the air there.

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I am sorry but you are wrong, the strike rate is the Combined strike rate of the second and third favs.
Unless you mean something else, as far as I know, the strikerate is defined as how often you hit the bulls eye or snare the winner.
Betting on more than one horse is almost like using a machine gun as opposed to a rifle, bet on all runners and you will have a 100% strikerate (and an empty bank).

Now if you talk of the return on investment you are correct, you outlay double, so your return is accordingly the (win div - $2.00) instead of (win div - $1.00). That is for each bet, meaning that you bet two horses!!!

If you back 2 horses per race and back 8 winners from 8 races then yes, you have a race strike rate of 100%, but a selection strike rate of 50%, so I fail to see that I am definitely wrong as the original question did not specify which.

As for backing 100% of runners and ending up with an empty bank then you are wrong. The first race at Kempton park tomorrow morning I've backed every runner at the following prices, 2.98, 5.05, 5.70, 9.50, 8.90 & 37.........guaranteed profit.

Upon re-reading, CP has stated the difference.

There is a difference between strike rate per race and strike rate of the horses.

__________________
RaceCensus - powerful system testing software.
Now with over 409,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/10/2024
Video overview of RaceCensus here:
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Hey Chrome, no it wasn't me. I've been stearing clear of bigger betting on our races due to the mostly ridiculous reduction factors that greatly favour backers.

Yes, it can get rather complicated with the reduction factors.
I just asked, as the guy doing it was on as early as me, so it really stood out.
It was interesting to note he was asking for a 130% book, but an hour later he disappeared off the grid.

__________________
RaceCensus - powerful system testing software.
Now with over 409,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/10/2024
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg

Great minds... I've almost moved 100% over to the UK markets. With "Keep in-running" I can put up a price and more often than not I'll get matched at some point during the race. Best of all I can do it when I'm asleep The local markets pale in comparison.

__________________
Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash

Now let's see, where do we start?

Post your email address and I will prove to you that it can be done, and that I, among others, do it. Or if you like I'll send it to a 3rd party who can send it on to you.

I did not start the name calling........politician indeed.

Show me where I said I get every bet matched, every race, every day.

Bookies can't run balanced books??? Now what are you on about?


Ok, let's say you have 1000 bets and 300 of them win. What's your strike rate? Now what if those 1000 bets were over 400 races?, has your strike rate magically increased?

Just to summarise..........no to hell with it, you are 100% right and I am 100% wrong. I started the name calling, and I'm going to give back my profits and stop backing/laying horses forever because it can't be done.

ps it also can't be done on football (of any code), golf, tennis, politics, cricket, etc etc etc

pps have a look at a number of races, anywhere, anytime. In the last minutes before they jump record the highest price to back and the lowest price to lay. You'll find the back is around 93% and the lay around 107%. Now if you can't glean something from that information alone then give it away.

ppps don't tell me it can't be done.

You can have the last word, I've got better things to do.