Tag Archives: boy

Profitable Flat Trainers

So following on from yesterdays column today I'm going to try and find us some profitable flat trainers to follow in September.

So my initial thoughts are that I want trainers who have been profitable recently, so I'm looking at data for the last three years.

Turns out there are a lot of trainers that have made level stakes profits in September over the last three years.

My second thought was, lets try and find some that have been profitable in each of the last three years.

Also to make it more worthwhile I only looked at trainers who had, had 50 or more runs over the three years and who had an overall ROI at level stakes of 15% or greater.

This was more of a challenge.

I only found one trainer who made a return on investment in each of the three years and that was Jamie Osborne, who actually made more than 30% in each year.

I've also added to my little watch list Alan Bailey, who was profitable in 2011 and 2013 but had a one point loss in 2012.

And John Ryan who was profitable in 2011 and 2013 but finished level in 2012.

Following these three trainers over the past three years would have given the following results.

Bets = 231
Wins = 36
Strike Rate = 15.5%
Profit at iSP = 98.08
Return on Investment at iSP = 42.4%

The strike rate is pretty low, so we can expect long losing runs but the ROI is strong!

I'm going to follow these three trainers this month and see how they did at the end of the month.

Today's Selection

Bath 2.50 Little – win bet Boylesports

Word from the Nerd

This weeks article from Malcolm Pett of http://greyhorsebot.com sheds some light on the topic of value…

People are always talking about value when it comes to horse racing.

But for the average punter in the street it’s a bit of a mystery.

It sounds like one of those weird things that all the experts like to talk about among themselves, while keeping everyone else in the dark about what it actually is.

Well let’s see if we can shed light on the subject.

The obvious explanation for value is:

“A horse’s real chance of winning is better than the odds reflect.”

So a horse may have a current price of 4/1 but according to those in the know it should be 3/1.

All things being equal if you placed a bet on every horse where you found this discrepancy you should make a profit because the horse should win more often than the odds reflect.

But this is where for the average punter the problem lies.

How do you tell if a horse’s current price represents value?

Well that’s where the whole thing gets complicated.

It is really based around opinions and peoples different way’s of deciding if a horse has a better chance of winning, than the general view.

Most people try to work it out early so they can take a better price before the rest of the markets catch on.

Sometimes you can even see a difference between bookies and Betfair (which most people believe to represent a more accurate view of a horse’s true chance of winning).

But it still doesn’t help if you haven’t got a way of looking at each horse and deciding which one has the best chance of winning.

I always look at it from a system development point of view.

If I create a system that has a 25% strike rate then I need to get average winning odds of at least 4.00 to break even.

But I need better odds than that to make money.

But really that is all a system is…

It identifies horses that traditionally have odds higher (or better value) than the strike rate of the system points towards.

That’s why I always tell people… 

“Although there are lots of different statistics you can watch and monitor it is the strike rate and average winning odds that dictate if a system is profitable or not.”

So once you developed, purchase or find a system that you want to use, your only priority is to find the best price you can for each selection.

At the end of the day you can not control the strike rate of a system unless you “tweak” it (but then it becomes a new system) so your only chance to make profit is to work on the average winning price.

My own personal experience always leads me to Betfair because even after the 5% commission generally the prices are much better especially when you are not on the favourite.

Anyway I hope that goes some way to showing what value is.

Thank you as always for reading I really do appreciate it.

Malcolm
“The nerd”

http://greyhorsebot.com

Today's Selection

Sandown 7.25 Prince of Stars – win bet – 9/4 Boylesports

Horse Racing Ratings

Grey Horse BotToday we have our third guest column from Malcolm Pett of Greyhorse Bot fame.

—–

It’s strange how you see yourself…

I have always thought of myself as out going sort of person who likes a challenge and is not afraid to try something new.

Although I haven’t done as much as some people, I have had my fair share of adventures including, windsurfing, flying lessons, Scuba diving and sailing. Those are among some of the things I have tried and learned.

But while talking with some friends who I have only known over the last few years they said I was more of a “nerdy” type of guy.

When I quizzed them about why that was their impression of me?

Their answer was simply I am always talking about computers, programming, databases, 3d printers and lately quadcopters….. Nerdy!

Although I thought about defending my own impression of myself I have to admit…

…As the one that my friends tend to ask about anything technical it was going to be a hard battle to win.

So “Nerdy” I am…

To be honest I actually don’t mind the term although I am probably not exactly as some on-line dictionaries explain it…

“A person who is single-minded or accomplished in scientific or technical pursuits but is felt to be socially inept”

Any one that knows me will certainly not call me “socially inept”.

“One obsessed with something specified: a computer nerd.”

Which is probably what my friends were thinking when they used the term.

So when I start talking about System development or statistical modelling then you will probably think the same.

One of the things I love doing as a “computer nerd” is analysing our in house database to find horse racing systems.

Horse Racing Ratings

Lately I have been spending a great deal of time on developing ratings.

This is where you actually assign a number to each runner in a race and then rank them by that number or simply use the rating you have assigned them.

The official rating (OR) which you find on race cards is an example of this…

The fascination is in the way you create the ratings.

A trick you may want to use is to combine a number of ratings from different sources to create what some people refer to as “Power Ratings”.

So you could use the OR, RPR from the racing post and another rating like Sporting Life’s 5 star rating.

Add them altogether and you have ratings from 3 different sources which may point to another winner rather than the favourite.

I would suggest sticking to handicaps when you begin purely because all runners tend to be rated unlike say “maidens”.

I have tried this myself in the past and it can work quite well but the downside is the work involved getting all the information together daily.

I much prefer automation, and because of that I like to build my ratings based on statistical information.

Like…

How often a horse that came 1st place last time out…Wins.

Or

How often a 3 year old Horse wins a handicap.

You can see an example of how you could do it here.

See the ratings

I am a great believer in ratings (not just because I am a nerd) because I feel they give you a consistent way of selecting runners which tends to also give you a consistent strike rate.

The trick is to find the ones that offer value.

Thank you as always for reading I really appreciate it.

Malcolm

Malcolm Pett is the creator of the Greyhorse Bot which has been automating betting since 2006 – http://greyhorsebot.com

Today's Selection

15:05:00 Sandown 1 Alonsoa – win bet 11/8 Boylesport

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close