Tag Archives: decision

Favourite Average Price Rise

Today we have our regular weekly column from Malcolm Pett of GreyHorseBot.com
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In the last couple or articles we have been looking at the results from an interactive test we have been doing over at the Grey Horse Bot website.

Part of this test is also to discover if it is better to be on all the selections or to stop at the first winner of the day.

I picked 220 or above as my rating figure (see later why this may still be to low).

It hasn’t been the best of weeks for this number and it was only because of a 6.3 winner a couple of days ago that we are still showing any profit for this month.

This is a bit of a shame as it was a lot more positive last week…

…But that’s racing for you.

I am a statistical type of person so I don’t like to blame the weather.

And I do know this…

Favourites average prices tend to drop slightly in the winter.

I am not sure why but it could be that there are less races so they are more heavily backed than they normally would be.

But a quick check on the averages over the last couple of years shows that from the height in the summer of 3.5 (sometimes higher) in the winter this can drop to around 3.1.

And although the strike rate of this particular system has dropped off slightly…

…The amount of favourites winning is slightly better than the norm this month.

Which again, strangely, seems to happen around the winter months.

But back to the system test…

I am still not convinced that SAW is the best way to go but it is going to take more testing to actually make that decision.

If you crank the ratings figure up to 240 then things look a little better for all selections and it may be my choice of 220 was still a little low.

This will probably be my last report about this test for a few weeks.

Unless something amazing happens!

You can see the results from this test and get the daily selections here.

Thanks
Malcolm
The Grey Horse Bot

GreyHorseBot.com

Today's Selection

2:00 Lingfield Ershaad – win bet 5/6 Bet Victor

Place Ratings continued…

This week Malcolm Pett continues with the development of his place ratings.

Over to Malcolm…

Last week I introduced my new place rating system which has a number of ratings that you can combine in different ways to find selections to place.

In this article I want to go into a little more detail about the ratings and introduce a further 2 ratings which may help a little more.

One of the new columns is marked “MR” which is a little cocktail of mine made up of various bits of information.

I don’t like runners with a minus (-) figure in this column and generally use it to identify the strong runners in the race.

Place Ratings

The “Rat 1” column is another strength indicator which I usually look at like this:

0 – Very weak and probably a no bet.
1 to 9 still very week but will look at it combined with other figures.
10 and above is best with into the 30’s being very strong.

I never take a “Qlf 1” selection if it is a minus (-) figure.

50 and above is better although if all the runners are less than this, I may consider the selection.

5 or above is my favourite in “Qlf 2”. I really don’t like anything under 4. A score of 7 tends to be very strong.

I never take a 0 in “Qlf 3” and 1’s are not my favourite either and I really like my runner to be top or equalled top whenever possible.

The “Rating” column is a combination of Qlf1 to Qlf 3 and can be used on its own.

A runner with a score of over 100 is certainly one that should be looked at.

The “NS” rating is another new rating and a score of 10 or better points towards an interesting selection.

These are just guides but they give you some idea of how I feel about each column.

It’s actually interesting because I love statistics but I get a lot of enjoyment using the ratings on a new day and trying to figure out which selections I may go for.

It’s so easy when looking at results to imagine you would have or you wouldn’t have used a selection….

…But it is so different when you are going through the race card in the morning and trying to make a decision on what selections to use.

I tend to stick to the top 2 or 3 ranked runners.

I know they don’t always win or place but I feel I get more success from them than I do other runners.

Although I will admit I haven’t really studied outsiders yet.

I generally look through the cards first of all to see if there are any selections that stand out.

Another method that I like to use is to score a runner based on if it has the highest or joint highest number in a column.

Again only sticking to the top ranked runners I will give 1 point for each column where they score highest or joint highest.

3 or higher is worth considering for a place where a score of 5 or 6, I may consider for a win.

Have a look yourself here.

http://greyhorsebot.co.uk/artview.asp?pnum=98

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

Malcolm

The Grey Horse Bot

Today's Selection

1.50 Wetherby Tiptoeaway – 7/1 Bet Victor

More Perth Profits?

Our Gordon Elliott approach paid off again yesterday with two winners at 7/1 and 2/1 from 7 runners for a 4 point profit for a 57% return on the days investment.

Gordon Elliott has another 7 runners today, there are a couple of interesting factors that might effect your decision to bet.

First off Tico ran yesterday, started favourite and finished 23 lengths last.

The high level stats for all horses running in National Hunt races one day after their last race is 13% strike rate from 583 that have tried in the last 10 years.

The strike rate for Gordon Elliott trained runners that have run after one day is 23%.

The strike rate for horses that ran one day ago in a hurdle and today run in a chase is 20% with a 62% ROI.

Gordon Elliott has done this twice and one of those runners won.

Before I looked at the stats I was thinking I would drop Tico from my days bets, but having checked the numbers I think I'll leave him in.

The other runner that stands out is Crown Theatre at 40/1.

Gordon Elliott has had 18 runners at Perth that started at 22/1 or bigger, none have won!

Here is the full list of runners, so let's see if we can build on yesterdays profits…

14:45:00 Perth 2 Landau (IRE) – 11/2 Bet Victor
15:20:00 Perth 1 I C Gold (IRE) – 4/1 Bet Victor
15:20:00 Perth 3 Pumped Up Kicks (IRE) – 2/1 Sky Bet
15:55:00 Perth 3 Crown Theatre (IRE) – 40/1 Bet 365
17:00:00 Perth 2 Goal (IRE) – 4/1 Skybet
17:30:00 Perth 2 Tico (IRE) – 4/1 Sky Bet
18:00:00 Perth 4 Iffjack (IRE) – 8/1 Bet Victor

Goodwood System

You know I'm a fan of systems.

Mainly that's because I can follow some strict rules and the system can make betting decisions for me.

Most of the systems I create can be automated by a racing database and once I've created them then the selections are just sent to me each day.

But I'm aware that I could probably be making more money if I used systems that were not created from data that is available to everybody.

In the old days I would spend hours, days even weeks back checking a system idea with my old copies of the Racing Post or Sporting Life.

And in some ways winning was easier then, because by putting in the hours with old papers I was doing something that was too much effort for many punters.

And that is always the way. If you put in more work, or if you use data that is not available to the betting public then you are more likely to win because you can exploit an angle that is not being used by the majority of bettors.

Another way to create winning systems is from years of experience and record keeping of winning bets.

Analysing past records can show you where your profit comes from and allow you to simplify the selection method and boil it down into a winning system.

There will always be more profit in a system like this because it is bloody hard and relies on the initial skill to select winners and on the patience to analyse years of real bets.

I've been reminded of all of this recently by Carl Nicholson of Value Backing who has put together a selection of what he is calling Pro Grade Betting Systems (including a Glorious Goodwood system)

You can read all about them here www.valuebacking.com/99-of-betting-systems-are-doomed/

Today's Selection

Galway 7:15 Expensive Taste – each way bet 12\1

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