Today we have a regular weekly catch up with Malcolm Pett of http://greyhorsebot.com
In last weeks article I discussed how I prefer to create systems from archived data and also discussed how I come up with research ideas.
Things I have noticed.
When you analyse horse racing as much as I do then sometime you will just notice something that looks interesting.
Because I also write the software that analyses our own archive I have to do a lot of testing to make sure a new feature works how it should.
During this testing I will sometimes find something profitable. So I will put it in my “scratch file” to look at when I have more time.
To be honest I am not always sure where some of these ideas come from maybe it just the way my brain works!
I must admit at the moment creating rating systems is one of my main interests.
I know not everyone thinks they are useful but for me they give you the chance to be more consistent with your selections.
Especially when you narrow your searches to particular race types like Handicap, Hurdles.
There are a lot of different ways of creating ratings and again Grey Horse Bot members get a couple of their own to use.
I am at this moment working on my 6th version. Each time I try to pick a completely different way of coming up with the figure using ideas that I haven’t used before.
So I have picked an idea what’s next?
Here are some initial things I think about before I start my research.
Is this a back or lay system?
How many selections a day, week or month am I looking for?
Is there a strike rate I would like to see?
How much profit am I hoping for?
What ROI am I looking to achieve?
Now I know that you may be thinking…
“Surely you can not answer those questions until you find a system?”
And that is a correct assumption except…
…I have an idea of the type of systems, strike rate, profit and ROI I prefer.
I tend to like backing systems over lay systems.
I don’t really care about how many selections a day I get…but many people want at least some “action every day”.
I am ok with a strike rate of 13% or better but don’t tend to like them under that percentage because of the chance for very long losing runs. (You could be different.)
Although I like profit…ROI is my thing I am looking for a good return on my investment.
By taking the time to ask these questions you will save yourself time pursuing ideas that are unlikely to fulfil your personal needs.
Next week we will finish off with some further things you should know about creating your own systems.
Thank you as always for reading I really do appreciate it.
Find out more about the Greyhorse Bot at http://greyhorsebot.com
Today's Selection courtesy of http://bookiesenemyno1.com
4.55 York Bragging 11/4 generally