Today Malcolm Pett of http://greyhorsebot.com talks about the research he is doing into profitable trainers and jockeys.
Profitable Trainers and Jockeys
Over the last year or so I have got really interested in Jockey and Trainers.
There is always a lot of talk about following the ones that are “in form”.
One thing I have learned is that it is not easy following them but if you manage your money correctly and are prepared to follow through then they can be rewarding.
One of the “open” tests we have been running at the Grey Horse Bot web site for the last 5 months is 16 jockeys to follow on the flat (grass only).
For me this system shows quite clearly how “interesting” it can be to follow Jockeys.
I have to admit I didn’t do too much work on this system I just took the top 16 jockeys that had over 200 runs (in our database at the time) and had made at least 10 points profit and had a strike rate of over 10%
So far this season (2014) combined:
13.35 % Strike rate
277.97 points profit (at BSP -5%)
When you look at statistics from a system there are always one or two figures that can give you an understanding to how hard it can be to follow a system.
13.35% strike rate normally means some long losing runs.
ROI 7.67 also points to a lot of work to earn those 277 points.
Of course with a bit more work and study we could have probably cut out some of the races and maybe even some of the Jockey could have been dropped.
But it does show that they can be very profitable even if they can be hard work to follow.
With the jump season upon us it’s a good time to look at some other statistics.
If we take Jockeys running on Handicap Hurdles with at least 100 runs (over the last two years).
Even the best only manage an average strike rate of around 16 to 18%.
You can find higher strike rates on jockeys with less runs so it is always worth looking for Jockeys that maybe only pick certain races to run in or new ones that appear to have started well.
This figure alone should tell you that you need to see if any jockey you want to follow does better in certain types of races of with specific trainers.
Trainers (less runs) do not fare much better on overall strike rate with the average being pretty similar to Jockeys.
The really interesting statistic is Jockeys and Trainers.
There is no doubt that there are pairings that are very successful like A P McCoy and Jim Best.
Strike rate on many of these are as high as 50% (over the last 2 years) and many are in the 30 to 40% range.
Some of these pairings can be very profitable especially some on the less well known ones.
So if you don’t like the idea of following Jockeys or Trainers on their own because of the low strike rate then the answer could be Jockey and Trainer pairs.
Check out open testing in the Article section of the Grey Horse Bot web site.
Grey Horse Bot
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