Today we have our regular Wednesday column from Malcolm Pett of http://greyhorsebot.com
Using ratings to find selections to place
I was never really interested in the place market on Betfair until recently.
But while working on a new ratings system I noticed a trend that got my attention.
Lately I have got very interested in high strike rate systems that normally select runners that are ranked 1st to 3rd in the betting.
Admittedly these are not the easiest systems to make money with but they can be a little more interesting to follow than your average “One a day” wait for a winner type system.
I am not knocking this type of system as I run many of them myself. I am just saying that sometimes it’s nice to have a few more selections that seem to win very often.
Over the last year or so I have been creating quite a few rating figures based on different ideas and I have shared some of these with Grey Horse Bot users.
The idea of creating any ratings is to help you identify potential winners but I think “help” is the key word…
…They can be useful in helping you to narrow down the field and letting you concentrate on just a few selections in each race.
In my last couple of articles I have mentioned that I was concentrating on the top 3 in the betting as ranked by the BSP prices early in the morning and I wanted to carry on with that idea.
I tend to try and make it a little easier on myself like sticking to “Handicap” races only as I have in this case.
As a programmer with quite a large database of results and information to use I am lucky in the sense that I can come up with ideas and then test them quite quickly.
But you should never forget the fact that humans are very good at noticing patterns.
I make sure I spend a great deal of time just looking at my ratings within the context of a lot of other racing information, just to see if I notice something that I may not have seen just by looking at individual numbers.
And this is what I was doing while looking at my latest ratings.
It appeared that the selections that I had been highlighting (I use yellow normally) to show me strong selections (although were not winning all the time) did appear to place.
Of course nothing is ever that simple and the next thing was to discover if I could come up with a way of identifying enough winning selections to make money.
And that’s where I am at the moment.
I have a list of daily selections and I have to decide which ones I am going to place.
With a couple of rules I am able to either discount the race entirely or select just one runner to follow.
If you would like to see the daily selections and the ideas I have come up with then pop over here for a look. Click Here
You can look back to the beginning of this month at the moment to see if you can find anything yourself.
Thank you as always for reading I really do appreciate it.
The Grey Horse Bot