Tag Archives: starting price

Football and Racing Tips

I had a bet last night for today's Cheltenham meeting that demonstrates how far you can beat the market by following tipsters who do their own race assessments rather than waiting for markets to form and letting those markets influence their decisions.

At 5pm yesterday the Racing consultants sent their members a note telling them to get on a horse that was available at 8/1 and that on their assessment should be much shorter.

I had my little tenner on with Bet 365 and now the horse is 5/1 with Bet 365 and best priced 11/2.

This horse might lose, but to me it will be remembered as a good bet whether it wins or loses because it is my strong opinion that you should judge your bets by how much you beat starting price not by whether they win or lose.

This might sound crazy to some readers. But others will know that if you keep beating starting price by big margins that the profits will take care of themselves.

I'm going to give you the bet and the full assessment in a minute, but first I'd like to recommend that whether it wins or loses that if you are serious about winning that you join the Racing Consultants service.

These guys send out bets like this one on a regular basis and they beat the market.

http://racingconsultants.co.uk

By the way they sent another one at 5.20, but I'm not allowed to give that one, but if you join them you can get immediate access.

Here's the race assessment and bet…

2.25 FREEBETS.COM TROPHY CHASE (2M5F)

“Little Jon impressed me enough as a hurdler last year despite his build and background suggesting he’d be much better over fences, and he proved the point at the first time of asking at Newton Abbot in October, giving weight and a beating to the Paul Nicholls-trained Solar Impulse.

That preceded a trio of runs in higher company here, and the bottom line is that the long-striding son of Pasternak hasn’t beaten another rival.

That said, he actually ran a cracker when a close third over 2m in November, and has crashed out when leading on his next two starts.

Despite those aberrations, he appeals as a pretty sound jumper, if inclined to take the occasional fence (or indeed wing) on.

The upside of his failures is that he’s not revealed the full extent of his ability, and therefore the handicapper hasn’t been as severe as he might have been, accepting that an opening mark of 140 is no gimme.

Main opposition comes primarily in the shape of Easter Day for Paul Nicholls, and he can’t be ruled out of calculations, for all his odds will be skinny enough.

More interesting at the forecast prices is Annacotty, who was second in the novice handicap on this card last year. He was another who couldn’t cope with the demands of the Hennessy first time out, but he’s reportedly been perked up by a spell hunting, and also has cheekpieces fitted, so should have no excuses.

He was a Grade 1 winner last year, and that fact shouldn’t be overlooked.

2.25 Chel – 2pts win Little Jon @ 8/1 (Bet365)”

As mentioned above current best price is 11/2 with Skybet, Bet Victor, Paddy Power

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Horse Racing Staking Plans

I read an interesting article recently about why horse racing staking plans don't help when backing horses.

Basically the premise was that if you are backing then you are betting more losers than winners and if you have any type of increasing stakes plan then you will be increasing stakes on losers also and so you will lose more. Or at least your return on investment will go down.

But that got me thinking, because if we are betting odds on shots then we will have more winners than losers, so that means if we increase stakes then we will be staking more on winners than losers. Because there are more of them.

This reminded me of the Odds On Trainer and Odds On Jockey systems we created back in May of this year.

Both of these systems are in profit, but at Starting Prices it is a very modest profit.

Here are the numbers since we created the system

Odds On Trainers = 3.43 points from 108 bets with a 60.19% strike rate
Odds On Jockeys = 3.35 points from 85 bets with a 63.53% strike rate

To be honest I tend to agree with the article and don't like any form of increasing stakes staking plan, but I think a simple percent of bank plan would go well with these strike rates.

If we revisit my article from earlier in the month about longest losing runs we can calculate that we can expect a longest losing run of about 9 with a 60% strike rate from 100 bets.

So I think a 5% of bank staking plan would work well as it allows for 20 losers in a row.

I applied this plan to the Odds On Trainers system and it made a profit of £7.13 from a £100 bank 🙁 level £5 stakes would have made £17.15.

So I did the same with the Odds On Jockeys system and got similar results, using 5% of the bank made a profit of £10.14, but level £5 stakes produced £16.75.

So what's the point here, I think it's just that beware of anything promising riches from a system or tips that use a particular staking plan.

I'm sure I could come up with a staking plan that would make these selections more profitable, but it would probably only work on that particular sequence.

Feel free to discuss this in the comments and I'll investigate any interesting points raised when I get back from my hols.

Today's Selection courtesy of http://bookiesenemyno1.com

7.50 Wolverhampton Old Fashion 11/4

Longest Losing Run

Smart SiggerI've just been catching up with my reading, with this months Smart Sigger magazine.

This months issue includes Ebor Handicap Trends, a piece on the wisdom of crowds that looks at why starting prices reflect the true chance of a horse, a continuation of their implementation of a Bayes Theorem method. A system for betting debutantes in handicaps and an interesting piece about why you shouldnt always use past results as an indication of future performance.

But the piece I want to talk about today is a discussion of whether you are a gambler or an investor, which provided a reminder of the formula that you can use to calculate your longest expected losing run.

I think we have published this formula before but it's always worthwhile to revisit important fundamentals.

The gist of the article was that if you dont stake your bets consistently with your longest expected losing run then you are a gambler not an investor.

The formula for working out the longest expected losing run for a given strike rate is

LOG(Number of selections)/-LOG(1-Strike Rate)

If, like me you no longer have your log tables to hand, then you will need to use Excel or something similar to make the calculation.

By way of an example lets assume that we expect to make 400 bets this season and that the methods we use have a strike rate of 20%.

The 20% has to be converted to a decimal number, so we divide by 100 to give 0.20.

So the calculation is

LOG(400)/-LOG(1-0.20) = 26.85

So with a 20% strike rate over 400 bets we can expect a losing run of between 26 and 27.

Eddie Lloyd who wrote the piece goes on to state that if you intend to be an investor and not a gambler you had better have a bank and a stake size that can cope with the losing runs you can expect.

You can get your first issue of Smart Sigger for free – Click Here

Today's Selection

Lingfield 6.35 O Gorman – eachway bet – 13/2 Bet Victor

 

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