Tag Archives: ideas

Create your own speed ratings

Over the last few years I have created a number of different ratings for our own use and clients but these have all be form related.

So I guess it was only a matter of time before the question of speed ratings came up.

Some people argue that speed is the only real way to judge a horses chance of winning a race…

But as with all things racing, it is never quite that simple.

Speed of course is related to distance.

It is the time it took the horse to run the race divided by the distance that gives us the speed at which the horse travelled.

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Place Ratings

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.

Malcolm

The Grey Horse Bot

http://greyhorsebot.com

Today's Selection

12:35:00 Fairyhouse Digeanta – eachway bet 6/1 Bet Victor, Bet 365

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Malcolm Pett System Development

Today we have our regular column from Malcolm Pett of http://greyhorsebot.com

Following on from last weeks article where we looked at the idea of selecting between two and ten selections a day and then seeing how good we are at getting winners.

After thinking about this for a while I decided I would try something a little different and select runners who at around 5 in the morning, were ranked 2nd according to Betfair's early prices.

Now I know this is probably a strange way of doing things and I knew I was going to get caught out by information appearing later that could change the ranking.

But as with all ideas you need somewhere to start.

I then had to filter out runners based on their current and past form.

But I didn’t go crazy I just used three key pointers that I thought from experience would help.

Here are the selections and results.


The original idea I had was, that I would then take these selections and look a bit deeper at the form and decide whether to use them or not.

I was also hoping that I would get at least 5 selections a day to use in order to this.

But actually that isn’t the way it worked out.

Some days there can be 5 or 6 selections but on others there is only 1 or even none at all.

Of course the easiest thing I could do is change the actual selection criteria…

…But on further study I think I am getting roughly around 24% to 28% strike rate which for a pretty simple selection process is, I think, pretty good.

One of the filters I have used (which I must admit I haven’t used very often in the past) is “Unexposed” horses.

I haven’t been very scientific about it…I have just filtered out horses that have had more than x (x being my secret number) runs.

It just appears the number I have chosen helps with finding winners.

I am also only using selections where the horse has run recently.

As with all systems getting a consistent strike rate is only half the story…

…Getting winning prices that cover your losses and make you a profit is the other half.

A 24% strike rate means I have to get average winning odds of 3.15 just to break even.

Saying all that…The selections haven’t done too well so far this month with only 1 winner from 12.

So it will be interesting to see if they pick up.

You can follow along with this test here.


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

Malcolm

The Grey Horse Bot

Today's Selection

Towcester 3.10 Leaderofthedance – win bet 3/1 Bet 365

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Strike Rate Vs Odds

Today we have a guest post from Malcolm Pett of http://greyhorsebot.com

As you are probably well aware making money from gambling is about 2 things…
Strike rate and Average winning odds.

As strike rate goes up average winning odds can come down.

You tend to end up with two choices.

Low strike rate but high odds winners. This probably represents the real value end of the scale where you are picking runners that most people think have very little chance of winning.

Most of the time they are correct but every so often one comes in…

And normally at a very good price.

The strike rate of these systems is generally between 10 and 20%.

If you run a system like this then it’s probably better to use Betfair because the odds on outsiders can often be far better than you will find at the bookies.

Look out for long losing runs because these normally spell disaster for the un-aware punter.

Then we have the high strike rate but low odds end of the spectrum.

Here you are likely to be on the first or second favourite and value is going to be a real issue.

Strike rate should be in the high 30’s but even better if you can get to 40% or more.

Keeping an eye on your average winning odds is going to be critical and you will probably have to watch the exchanges and the bookies or even use a BOG bookie to get the best prices.

Your job here will probably be to match or beat SP as often as you can.

The perfect scenario would be somewhere in between the two but it is unlikely you will find one system that will have a reasonable strike rate with value bets.

Probably the best way to achieve this would be to use “Nano” systems.

On their own these types of systems have very few selections but tend to have strike rates of 20% or more.

Combining a number of them together means you have a better chance of getting a reasonable strike rate and achieving value.

It does mean you have more systems to follow but the long term profit could be worth the effort.

Over at the Grey Horse Bot website we test all these ideas.

At the moment we have a couple of tests looking to achieve strike rates of 40% and 50%.

As already discussed you will find the prices on the winners can be quite short but it can be surprising when you get the odd higher priced winner.

We are also running long term tests on system that have a much lower strike rate.
And you can see very clearly from the results that these types of systems have long losing runs and often only get into profit because of big priced winning selections.

When you decide on what type of system(s) to follow you have to ask yourself can you take the losing runs or are you prepared to look for the best price.

Otherwise a bunch of “Nano” systems may be the best thing for you.

Thank you as always for reading I really appreciate it.

Malcolm

Malcom Pett is the creator of the Grey Horse Bot http://greyhorsebot.com

Today's Selection

6.45 Kempton Gibeon – win bet – 7/2 Bet 365

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