Malcolm Pett's Wednesday column
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I have always liked to think of myself as a “Flexible” thinker.
In other words I am ready to change my opinion if I feel there is enough evidence to convince me that another way is better.
Sometimes I have to admit that I can be a little too quick to change my opinion but I suppose I would rather be that way, than to stubborn to change it at all.
Don’t get me wrong I have very strong belief’s about some things, it’s just I like to be flexible about others.
For instance I am a dog obedience and trick trainer and over the years I have learned the best way to train is “reward” based training.
It’s quick and it works and dogs respond to it well.
So I am totally against using any device or training method that causes a dog distress or harm or even looks like it could.
Sorry you won’t convince me otherwise!
But on the other hand…
I have been talking about the “Interactive” ratings that we are testing over at the Grey Horse Bot website for the last month.
I came up with a rating as 220 as being the best figure to follow.
But now on reflection and more testing I think 260 is the better number.
It’s not quite as profitable as 220 (by a very small margin) …
…But there are 3 good reasons for choosing 260
1. A higher strike rate.
2. Less selections
3. A higher Roi.
Although taking all the selections into consideration over the last 3 months 220 has made 38.63 points, 260 has made 38.59.
Hardly anything in it…
But you would have been on fewer selections, which would have given you a higher strike rate and a better return on your investment.
The strike rate difference is over 4% and the ROI is 8% better.
So in this case it seems sensible to change from 220 to 260.
But that is the really good thing about this test it has allowed users to decide which rating suits them.
I do have to have a little giggle to myself though when after all I have written about these ratings I still get the question…
“What is the best rating to follow?”
Well at least I now have an answer…
If you want to follow along with the test then pop over to the Grey Horse Bot website.
Maybe you have another opinion…
It would be great to hear it.
Thanks
Malcolm
Today's Selection
14:30 Chelmsford City Indias Song – win bet – 9/4 Sky Bet
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.
… Continue Reading
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