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Sports Bet - Punters Corner Want to talk about betting on other sports, post it in here. Discuss all your strategies, systems, selection methods and staking plans here. **Please don't post your footy tips here. Please post them above.

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Old 03-21-2007, 11:40 PM
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Default Horse Racing Betting System

There was a system going around that went something like this:

1. Only done for the main meeting of the state you live in and it is Saturday meetings only.

2. Get the major newspaper of your city - say Herald Sun in Melbourne

3. The only horse that you can back is horse number 1 under the following conditions:

3a. If the horse is the favorite.
3b. If the horse is the top of the tipsters poll in the paper
3c. If the horse is less than or equal to $5.00 in the paper

You may find that there may only be one or two bets each meeting, but they are targetted bets and you can only bet to win.

Let me know if you know of any good systems that are going?

I may even try this one on for size and post the tips and results under this thread to see how it is going.

Let me know what you reckon?
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Old 03-24-2007, 10:39 AM
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Here's the bets based on the topweight system mentioned for today.

Only 2 bets today.

Caulfield Race 1

1 Daaloob - Odds $3.20

Caulfield Race 4

1 Zipping - Odds $3.20 (BEST BET OF THE DAY)

Now for the sake of measurement let's say that we will bet $100 win on each horse.

I will report the results after the days racing.

Let's see if we can get two winners home today.
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Old 03-24-2007, 03:58 PM
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Now here are the results:

Daaloob - 2nd
Zipping - 2nd

Well that puts us with a current loss of $200

There is always next week.
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Old 03-25-2007, 05:16 PM
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Can I suggest you re-think a few points. IMHO you would be better off using a system like this to lay horses.

Quote:
Originally Posted by The Optimist View Post
2. Get the major newspaper of your city - say Herald Sun in Melbourne
Suggest you are much better using a specialised horse racing paper ie The Sportsman assuming your trying to win.

Quote:
Originally Posted by The Optimist View Post
3b. If the horse is the top of the tipsters poll in the paper
General speaking any horse that finishes top of the tipsters poll is NO value.

You see, every bloke in Australia can read the paper hence also gets the tip for the cost of the newspaper (approx $1.50).

IMHO you need inside info or you have no advantage.
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Old 03-25-2007, 08:49 PM
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not a bad system but i also agree in a way with talkingfootball
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Old 10-03-2007, 02:22 AM
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There is really only one point that need be made here and I think it's in line with TF's comment. This is essentially a consensus system and as such will probably turn up a reasonable number of winners but a less than satisfactory starting price average.
In the long term this cannot win. I say that with confidence because anything the bookies see coming they will pre-adjust for and they will definitely see this one coming all day every day.
Contrarian systems have a far greater chance of success IMO. The less people on it, the better the value and consequently the greater the chance of long term success. This is not decided by anything other than simple mathematics. The less obvious the play, the more likely it is to succeed so long as it is logical and well conceived.

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Old 03-08-2008, 11:42 AM
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a system i made up and have started trying. last weekend i only put 1 bet on for the day and it produced a winner paying over $40
1. only back a horse that is paying equal or greater than the number of horses in the race.
2. only back a horse in a race that is at its prefered distance and conditions.
3. the horse your backing needs to be better suited to the distance and conditons than any other horse in the race.
4. the horse your backing needs to be finishing closer and closer to the winner in each of its last few starts.
5. the horse needs a favourable barrier.

it will be hard to find horses that fit the catagory and they wont allways win, but this is why i only back horses with high odds cos in the long run the money builds up. got the idea from a mate who has good success backing high odds horses.
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Old 03-08-2008, 01:32 PM
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It's a brave individual that lays out system rules for me to pick apart

Ok, so let's break this one down...

Rule 1: Not bad. It implies that you are looking for value beyond the statistical probability of a horse winning. Not sure if you have any facts and figures for how effective that one is but I would suggest that you would need to be exceedingly selective because the plain fact is that most of the time a horse is at longer odds because it deserves to be.

Rule 2: If I were to suggest that this rule was extraordinarily vague I might be understating matters a little. What criteria are you using to determine a horse's preferred "conditions" (whatever that means)? For a start you might as well add in a rule that says eliminate all horses younger than 4 because it is highly unlikely that any horse younger than that and of any quality would have exposed enough form to make it possible to make that judgement. In all likelihood, you are referring to distance, track and weather conditions but presumably you do not have a clause for class or any such subjective assessment. Regardless, this rule is subjective at best and untenable at worst and needs to be significantly embellished.

Rule 3: As if rule 2 wasn't ambiguous enough, this one is basically impossible to determine unless you are The Horse Whisperer. Seriously, how on Earth are you even going to pin down criteria for this assessment, much less make it in a reasonable amount of time. The point of a racing system is that it streamlines the selection process so that you do not spend hour upon hour pawing over endless reems of data. This rule in and of itself is likely to kill off that particular outcome right off the bat.

Rule 4: "It's last few starts". How many is a few? Do any of the starts prior to a spell count? What if the previous start preceeds a let up but not a spell? Does a tightening of the margin from a half head to a short half head count as discriminantly closer?

Rule 5: What is a favourable barrier? Down the Flemington straight that can vary from meeting to meeting. On certain rain affected days at Caulfield there are sometimes lanes that favour horses drawn out wide, even though they will cover significantly more ground. The Sandown chute can often favour the wide barriers when there is significant speed on the outside. The Melbourne Cup start at Flemington heavily favours far outside barriers in big fields. There are so many vagaries that you need to be far more explicit for this rule to carry any kind of usefulness. May I suggest "no wider than barrier 11 after scratchings" and leave it at that. Ignore the oddities in favour of something more generic and practicable.

I have seen more systems over the years than I care to remember. Nearly all of them claimed to have a great testing period before they were "unleashed" and failed. The reason systems mostly fail is because they are often designed to capture a particular winner or set of winners ie. they are written with the benefit of hindsight. Quality systems are designed and the rules put in place prior to any results testing. They are dry tested after the development and once they can sustain a period of success beyond 12 months only then should they be employed with real cash.
I have several systems in my possession that have met all of the criteria above. Each of them has had losing years but have mostly stood the test of time. There is no pot of gold at the end of the rainbow. Steady profits will always outstrip flash in the pan systems that eventually fall on their systematic butts.

Having said all that, I hope you prove me wrong and make your fortune. It's no skin off my nose if you do.

Cheers
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Old 03-08-2008, 02:33 PM
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firstly crazy snake i didn't post it for U. i posted it for the optimist, he stated "let me know if you know of any good systems that are going" and the system i use is a complete 180 from the one he posted as it picks near fav's and i pick outsiders.
i thought it might change the way he thinks a bit about punting cos before i came across it i used to back short priced horses. i have 2 friends who both back long odds and both have good success both using diff methods so i've developed my own.
i tried to be brief in my post, but in writing brief anyone can pick holes in anything.i could have wrote a 10 page article about it but i don't have the time.
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Old 03-08-2008, 02:36 PM
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Did I get under your skin a little, possum?
Sorry about that.
If you can't be bothered explicating a system in its entirety perhaps you could save your precious time for more gainful pursuits.

Afterall, it is Newmarket Handicap day
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