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#1
1st January 2012, 12:02 PM
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Harness Racing Value
Has anyone investigated Harness betting on betfair (for the fav). The liquidity on anything but the fav is not really there but there is a lot of money on the favs in most harness races.
Considering harness races in theory have a higher strike rate for the fav (although lower odds) if we can get the higher odds on betfair then it might be a viable place to bet. I have run a couple of days so I do not have any conclusive evidence yet but I got 153 selections for a $31.29 profit after commission. I will continue to run this for several months to see what happens. I suspect I have had a good patch so far and expect it to revert to a slight loss. Anyone got anything to back/negate these figures ? 
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#2
2nd January 2012, 07:38 AM
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Ran it last night again and it had a small loss from 26 bets of -$3.83
It only hit 11/26 (42%) so was down on the previous test period which was 78/153 (51%). Also average odds yesterday was $2.33 compared to $2.70 for the original 153 bets. If I had hit average of 2.70 yesterday I would have made a profit. I'll see how it goes again today.
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#3
2nd January 2012, 09:34 AM
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UB is this for all favourites?
Could you also run it just for odds on favourites. Seen some tremendous value on those.
__________________
RaceCensus - powerful system testing software. Now with over 412,000 Metropolitan, Provincial and Country races! http://www.propun.com.au/horse_raci...ng_systems.html *RaceCensus now updated to 31/12/2024 Video overview of RaceCensus here: http://www.youtube.com/watch?v=W821YP_b0Pg
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#4
2nd January 2012, 09:41 AM
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Chrome Prince,
Yes this is all favourites. Odds on (less then $2) has returned $-2.82 Which is after 5% commission.
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#5
2nd January 2012, 09:46 AM
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OOps No that is wrong. I included Place bets in that last result. Silly me.
All odds on favs betting only for the win returns -0.92 units after 59 selections. Not enough to draw any conclusions yet but its close to break even.
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#6
2nd January 2012, 02:34 PM
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Thanks UB.
__________________
RaceCensus - powerful system testing software. Now with over 412,000 Metropolitan, Provincial and Country races! http://www.propun.com.au/horse_raci...ng_systems.html *RaceCensus now updated to 31/12/2024 Video overview of RaceCensus here: http://www.youtube.com/watch?v=W821YP_b0Pg
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#7
3rd January 2012, 04:41 PM
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Yesterday was a shocker losing 7 units.
Overall it is now only up 18 units of 202 bets.
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