Tag Archives: stars

Word from the Nerd

This weeks article from Malcolm Pett of http://greyhorsebot.com sheds some light on the topic of value…

People are always talking about value when it comes to horse racing.

But for the average punter in the street it’s a bit of a mystery.

It sounds like one of those weird things that all the experts like to talk about among themselves, while keeping everyone else in the dark about what it actually is.

Well let’s see if we can shed light on the subject.

The obvious explanation for value is:

“A horse’s real chance of winning is better than the odds reflect.”

So a horse may have a current price of 4/1 but according to those in the know it should be 3/1.

All things being equal if you placed a bet on every horse where you found this discrepancy you should make a profit because the horse should win more often than the odds reflect.

But this is where for the average punter the problem lies.

How do you tell if a horse’s current price represents value?

Well that’s where the whole thing gets complicated.

It is really based around opinions and peoples different way’s of deciding if a horse has a better chance of winning, than the general view.

Most people try to work it out early so they can take a better price before the rest of the markets catch on.

Sometimes you can even see a difference between bookies and Betfair (which most people believe to represent a more accurate view of a horse’s true chance of winning).

But it still doesn’t help if you haven’t got a way of looking at each horse and deciding which one has the best chance of winning.

I always look at it from a system development point of view.

If I create a system that has a 25% strike rate then I need to get average winning odds of at least 4.00 to break even.

But I need better odds than that to make money.

But really that is all a system is…

It identifies horses that traditionally have odds higher (or better value) than the strike rate of the system points towards.

That’s why I always tell people… 

“Although there are lots of different statistics you can watch and monitor it is the strike rate and average winning odds that dictate if a system is profitable or not.”

So once you developed, purchase or find a system that you want to use, your only priority is to find the best price you can for each selection.

At the end of the day you can not control the strike rate of a system unless you “tweak” it (but then it becomes a new system) so your only chance to make profit is to work on the average winning price.

My own personal experience always leads me to Betfair because even after the 5% commission generally the prices are much better especially when you are not on the favourite.

Anyway I hope that goes some way to showing what value is.

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

Malcolm
“The nerd”

http://greyhorsebot.com

Today's Selection

Sandown 7.25 Prince of Stars – win bet – 9/4 Boylesports

Weekend Racing Selections

Happy Saturday. Today we have a weekend racing review from Nick Hardman of Betting Insiders which includes 6 selections.

Before that I should just mention that the Bet 365 free in play bet is back for the Champions League tonight.

Basically if you bet £50 pre-off then you get a free £50 in play, we've covered how to get a free £35 out of this many times before as have many others.

Weekend Racing Selections

We have some great racing this weekend with exciting cards at Haydock and Goodwood and the Irish 2000 and 1000 Guineas. I have gone through the cards at Haydock and Goodwood in search of some decent prices and some each-way value.

In the opener at Haydock, Glenard looks a solid betting proposition after a cracking 5th in the Chester Cup from a less than ideal draw. Travelling as well as any, he failed to get home that day and the drop back to 2 miles should be in his favour. The booking of in-form Ryan Moore is a big plus and 5/1 is just about value. With all bookmakers going ¼ odds, 3 places you can spread the risk by backing him each-way at that price if you wish.

The 6f Class 3 handicap at 2.05 looks wide open and one horse who is worth a second look is Out Do. He has some smart form from last year, winning twice for Luca Cumani.

Perhaps his best run was when finishing 3rd, beaten 2 ¼ lengths in a Class 2 handicap at Windsor by Tropics (now rated 115) and Rex Imperator (now rated 110 and a subsequent winner of the Steward’s Cup at Glorious Goodwood). Now rated 90, Out Do ran better than the bare result at York in a Class 2 handicap last time out and he takes a slight drop in class here. He could go well at a nice price.

The Temple Stakes at Haydock pitches the proven older horses Sole Power and Kingsgate Native against the rising stars of sprint racing in Hot Streak and Pearl Secret. With 13 of the last 17 winners coming from the top 4 in the betting and 7 of the last 8 winners returning at odds of 8/1 or less, it looks best to focus on those at the head of the market.

Hot Streak appears to be all the rage having been backed into 9/4 outright favouritism and Sole Power, an impressive winner of the Palace House Stakes, outright second favourite. Hot Streak is the one I would want to be on if the word “soft” appears in the going, with Kingsgate Native and Sole Power undoubtedly preferring a sounder surface. Of the others, Jack Dexter has never won above Group 3 level and there is little to suggest that will change judged on his two runs so far this season.

Hawkeyethenoo has done all his winning in handicap company and is priced accordingly.
At the prices the value has to lie with Kingsgate Native, winner of this race in 2010 and 2013 and runner up to Sole Power in 2011. You could argue that Sole Power had match fitness on his side in the Palace House Stakes but in reality there is not much to choose between Hot Streak, Sole Power and Kingsgate Native. As long as the ground is good or better I am happy to back the old boy each-way @7/1 with Bet365 who offer ¼ odds, 3 places.

On the same card I am going to give an each-way shout to Clive Cox’s Perfect Blessings in the 6f Listed race for fillies at 3.10pm. If the forecast rain changes the going to the soft side of good then I will be even happier. Clive Cox’s twice-raced filly scored an emphatic win over subsequent winner Penny Drops, who incidentally was 3rd on debut behind 2000 Guineas winner Night Of Thunder. She takes a big hike in class here but she also holds a Group 3 entry in the Ballyogan Stakes at Leopardstown, so she must be held in high regard by connections.

Over at Goodwood, the race that interests me is the 4.40pm Class 4 handicap for older horses (6yo+) over 6f. Five C&D winners line up and the two I like are Slip Sliding Away for Peter Hedger and last year’s winner Mon Brav. Peter Hedger does really well with his handicappers at the track and Slip Sliding Away has recorded 3 of his 4 wins here. A return to Goodwood might just be the ticket for him to get his head in front again. Mon Brav won this race last year and has been running respectably since without winning. That has seen his mark tumble to 2lb lower than when successful here in 2013 and he ran his best race for some time when finishing 4th of 17 at Doncaster in a Class 4 handicap last week.

Earlier in the card we have a decent looking Class 2 handicap over 7f. Penny Drops is interesting on handicap debut but I will give an each-way shout to Mick’s Yer Man who is looking more and more like a very smart horse. Last time out he won a Listed race at Ascot from 106 rated (and subsequent scorer) Musical Comedy. He won’t mind if the ground softens up and he might just defy top weight at a first try over 7f.

Selections:

Haydock 1.35: Glenard @5/1 each-way (1/4 odds, 3 places Coral)
Haydock 2.05 Out Do @9/1 each-way generally
Haydock 2.40 Kingsgate Native 7/1 each-way (1/4 odds, 3 places Bet 365)
Haydock 3.10 Perfect Blessings 8/1 each-way generally
Goodwood 2.55 Mick’s Yer Man 10/1 each-way (1/4 odds, 3 places William Hill)
Goodwood 4.40 Mon Brav @4/1 & Slip Sliding Away @8/1 generally

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close