here is a simple, uncomplicated method to check if a system selection method has probable "long term" merit -- it is based on gunny72's formula which calculated place % given win%

a "Thumbs up" assessment means that your system "probably" has long term merit (profitable)

enjoy!

Attached Files

Rule of Thumb.xlsx (12.2 KB, 1104 views)

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never smile at a crocodile -- don't be taken in by his welcome grin

I need some clarification on Average Return.

Is it your average profit, average winning odds, average overall odds?

I'm assuming its average winning odds but if you could clarify that'd be great

average return = average winning odds (total return/#wins)

sorry abt confusion

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never smile at a crocodile -- don't be taken in by his welcome grin

Rule of Thumb v1.1 attached (includes a bank allocation module)

a p-INDEX (profitability index) is calculated which is used to determine bank allocation between competing systems

the point of the bank allocation module is to maximise bank growth

Chrome Prince provided updated details (31-08-13) of half a dozen systems (locked RaceCensus thread)-- these have been used to provide an example of how Rule of Thumb v1.1 could be used

Attached Files

Rule of Thumb v1.1.xlsx (20.5 KB, 951 views)

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never smile at a crocodile -- don't be taken in by his welcome grin

I'll have a play with this tonight, I have about 8 systems that I want to start using on a regular basis, will post here after I have a look later tonight.