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![]() I posted without actually reading ALL of your post Lomaca.
I read it, but didn't understand it. I've read and reread now. I still don't , but am close. Concentrating on First selections only. Supposing , just supposing, The Strike Rate is 30%. The AVERAGE Dividend I need to get is $3.50 to make a Profit. And just suppose I sorted My Database and found that the AVERAGE Price of My Top Selections was $4.50 These AVERAGE Prices you mention Lomaca , I figure you mean AVERAGE Prices of the Winning Selections. So supposing I back tested and had wagered $1 on every one of My Top selections in a database of 1,000 Races. I found that I had 300 Winners. And I found that I would have had $1,350 returned for my Total Outlay of $1,000 My Strike rate is 33% My AVERAGE Winning Price is $4.50 I can't work out My MINIMUM Acceptable Price. Could you work it out for me Lomaca please, or do you need more information? |
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