Smartgambler
Pro-Punter

Go Back   OZmium Sports Betting and Horse Racing Forums > Public Forums > Horse Race Betting Systems
User Name
Password
Register FAQ Search Today's Posts Mark all topics as read

To advertise on these
forums, e-mail us.

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 7th October 2012, 08:32 PM
Barny Barny is offline
Member
 
Join Date: Dec 2010
Posts: 1,091
Default POT 16.5%

selections 198
winners 32
POT 16.5%

METRO
LR Metro Track
Distance > 200m
2 runs since spell
SP $4 to $30
less than 20 sts
Last 4 runs 1st to 4th

The comment I'd like to make here is that it's ever so easy to produce a winning system ..... The hard part is making a profit from the "idea". A lot of good posters who previously posted on mechanical systems seem to have gone over to "the other side". The dark side where laying, and numbers and stats and odds rule and where a horses form matters not.

Maybe this part of the racing game is cyclical too.
Reply With Quote
  #2  
Old 8th October 2012, 10:59 AM
Try Try Again Try Try Again is offline
Member
 
Join Date: Nov 2007
Posts: 1,058
Smile

Hi Barny,

I'm with you on producing systems that produce >50% POT and having fewer best per year rather than looking for a low POT% and lots of bets. I feel more comfortable doing this. By having several systems producing >50% POT there are plenty of bets to have each Saturday - my main day for betting (or should I say investing!)

I do not lay horses - not in my mindset, though I do admire Michaelg for all his efforts in producing lay systems and continuing to list results.

A question about the system you have listed is the distance supposed to be >1200m or going up more than 200m from last start?
Reply With Quote
  #3  
Old 8th October 2012, 02:36 PM
darkydog2002 darkydog2002 is offline
Banned
 
Join Date: Nov 1999
Posts: 4,332
Smile

Hi Barny ,
Any chance of designing a Daily System?

I,ve got a couple but would like to see more.
Cheers
Reply With Quote
  #4  
Old 9th October 2012, 04:50 PM
Barny Barny is offline
Member
 
Join Date: Dec 2010
Posts: 1,091
Default

Quote:
Originally Posted by Try Try Again
A question about the system you have listed is the distance supposed to be >1200m or going up more than 200m from last start?

Increasing by more than 200m
Reply With Quote
  #5  
Old 9th October 2012, 10:42 PM
Try Try Again Try Try Again is offline
Member
 
Join Date: Nov 2007
Posts: 1,058
Smile

Thanks Barney
Reply With Quote
  #6  
Old 10th October 2012, 12:12 AM
UselessBettor UselessBettor is offline
Member
 
Join Date: Sep 2011
Posts: 1,474
Default

Quote:
Originally Posted by Barny
selections 198
winners 32
POT 16.5%

What timeframe was it over ?
If more then a year then how many weeks or months were in profit ?
Can you provide the sum of 1/odds for validation?
Also what was the highest priced winner ?

Thanks
Reply With Quote
  #7  
Old 10th October 2012, 10:13 PM
Barny Barny is offline
Member
 
Join Date: Dec 2010
Posts: 1,091
Default

What timeframe was it over ? - 10+ years
If more then a year then how many weeks or months were in profit ? - Don't know
Can you provide the sum of 1/odds for validation? - sorry I cannot
Also what was the highest priced winner ? - less than $30 as per the rules

Reply With Quote
  #8  
Old 11th October 2012, 06:53 AM
UselessBettor UselessBettor is offline
Member
 
Join Date: Sep 2011
Posts: 1,474
Default

Quote:
Originally Posted by Barny
What timeframe was it over ? - 10+ years
If more then a year then how many weeks or months were in profit ? - Don't know
Can you provide the sum of 1/odds for validation? - sorry I cannot
Also what was the highest priced winner ? - less than $30 as per the rules


Well based on your answers this doesn't seem like a good system at all. Its not really been tested properly. It might have the abiility to be a good system but based on your answers no one can tell.

The entire profit could be provided by 1 winner only. (16% of 198 is approx 30)
You have no idea if it had a good time early on and is dwindling away and making a loss recently.(profit over months/years breakdown)
You don't know if it was due to luck or an edge. (needs 1/odds)

There is so much more to system development then finding systems which show a profit on turnover. You need to

a) make sure its consistent
b) make sure it hasn't lost its edge in recent times
c) make sure it wasn't due to luck
d) make sure the profit wasn't all due to 1 or 2 winners.

These 4 things are key to determining if a system will continue to make a profit.
Reply With Quote
  #9  
Old 11th October 2012, 01:10 PM
Barny Barny is offline
Member
 
Join Date: Dec 2010
Posts: 1,091
Default

Quote:
Originally Posted by UselessBettor
Well based on your answers this doesn't seem like a good system at all.

Thank you for your comments UB
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump



All times are GMT +10. The time now is 01:48 AM.


Powered by: vBulletin Version 3.0.3
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
©2008 OZmium Pty. Ltd. All rights reserved . ACN 091184655