Tag Archives: industry

SP Before the Off

Grey Horse BotToday we have the first post from new contributor Malcolm Pett.

Malcolm explains how we can know the Betfair SP and bet based on Betfair SP before the off!

Here's Malcolm…

Just about every system you come across on the web would first have been created using past data.

If this is the case then the result will be shown using either SP (Industry Standard starting price) or BSP (Betfair Starting Price) for results.

There is nothing really wrong with this because it is the only way of giving people the chance to check the results they are seeing as being accurate.

But where it does cause an issue and pose a problem is when it is a price sensitive system or a system that relies on being on a particular ranked runner, like the favourite.

BSP and SP are calculated at the off.

You may think by looking at the ranking a few seconds before the off will tell you who was favourite, second favourited etc…

But often this isn't the case. The BSP/SP announced ranking can be different to the just before the off rank.

A short test we did with Betfair some time back clearly showed that the rankings can differ by as much as 1 or 2 runners in every 10.

Maybe this doesn’t sound too bad…

…But when you consider you could be following hundreds or even thousands of bets over the course of a year…this could easily change the results you were expecting or the results being advertised.

The same is true of price. The price before the off is often different to BSP/SP causing even more inaccuracies in your system.

So what can you do to make sure you are on the correct runner or within the correct price range?

You may already know that just as Betfair's market goes in-play the BSP price and ranking is made available through their API.

So we have developed a great feature on the Grey Horse Bot that allows the bot to read the BSP price and Ranking as soon as it happens.

This gives the Grey Horse Bot user the opportunity to choose which ranked runner to bet on or to only place a bet into the market if it is within the price range you require.

When you create your own system it should be part of your testing to determine if you get better prices before the off or in-play. You can test both automatically with the Grey Horse Bot.

Thank you for reading I really do appreciate it.

Malcolm

——

Malcolm is the creator of a number of Betfair automated betting products like the Grey Horse Bot. He also writes articles for Betfair. Apart from automation Malcolm likes creating and testing systems and believes his readers should have all the statistical facts available to make proper informed decisions.

If you have any questions about bots or automation please add a comment and we'll try and answer them.

Henderson Debutantes Update

Back in November Daily Punt reader Derek shared a system with us for profiting from Nicky Henderson's charges having their first ever start.

You can read the original post here http://dailypunt.com/henderson-debutants-system/

Today I will update you on the results since we published that system.

There have been just 20 bets, so about 5 or 6 per month.

There have been 9 winners, which is a whopping 45% strike rate, which is very impressive for any live tested system.

The profit at industry SP is 25.63 points, which again is amazing and calculates to a whopping 128% ROI.Continue Reading

Tongue Tie Research

You'll remember that last week I mentioned the Geegeez article that talked about the use of tongue ties and how a horse needs a few runs with a tongue tie before they will let them self go.

The theory being that the horse still thinks that it's tongue will get in the way and is worried it won't be able to breathe and so doesnt give all.

But after a few runs with a tongue tie it starts to realise that it doenst have tongue problems anymore.

So I've been doing some research.

First off some facts. All horses wearing a tongue tie for the first time in 2013 & 2014 produces the following big losses.

Runs = 3959
Wins = 319
Strike Rate = 8.06%
Loss at iSP = -1335.24
ROI = – 33.73%

So it seems that wearing a tongue tie for the first time is a negative factor and the losing ROI is such that maybe it has the makings of a lay system.

Then it occurred to me that the reason that the horse doesnt perform well first time out with the tie is because it is still worried about a previous experience with breathing and doesn't realise it will be ok with the tie.

But surely there are some trainers that use the tie at home and get the horse used to it and trusting it before they ever go racing with the tie on and that maybe there are trainers that win first time-out with a tongue tie.

So I had a search for trainers who are profitable with first time tongue tie wearers.

And I found some.

For example Rebecca Curtis had 22 starts over the two year period that ran with a tongue tie for the first time.

Seven of those won for a 32% strike rate and they made an industry SP profit of 5.86 which is a 27% ROI.

Charlie Longsdon had 32 starts and 8 wins and an industry SP profit of 20.3. Which is a strike rate of 25% and an ROI of 63%.

I've selected the best performers from 2013/14 and checked their 2015 performance and a good profit has been made so I'm going to run this as a system live for a while and see if we have something worth following long term.

Today's Selection

2.30 Wolverhampton Kalimantan – win bet – 11/8 Bet 365, Paddy Power

Headgear Racing System

So last week I told you about an article over at Geegeez that put forward the idea of backing Paul Nichols runners who wear headgear for the first time.

So today I have done some research and investigated all the trainers who have been profitable in the past with their runners who were wearing headgear for the first time.

I'm looking at National Hunt only and am looking at horses who are wearing cheekpieces, blinkers or a hood for the first time.

Along the way I discovered a system with a 10,000% ROI!

Ok, I spotted a trainer who in 2014 only had one runner (Viking Rebel) who wore headgear for the first time and that runner won at 100/1.

Although that would make any system look like a winner I have not included it in my system below.

What I have got is a long list of trainers who had at least 10 runners wearing headgear for the first time from January 1st 2013 through to December 31st 2014 and who made a good profit at iSP with those runners.

Runs = 767
Wins = 127
Strike Rate = 16.56%
Profit at industry SP = 405.23
ROI = 52.83%

All the research was done on the data from 2013 and 2014 and if I run that system on 2015 so far it has already made 42 points profit in 2015.

But, here's the thing!

You could've backed every horse that wore headgear for the first time so far this year and made a profit.

I'm going to monitor this for a while and share any bets that come up on this page and then decide what to do with it once we have some live results.

There's no National Hunt racing today.

Today's Selection

3:10 Wolverhampton – Don't Be – win bet – 10/11 Paddy Power

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