Progress in my hunt for a good run
Now that I finally found a way to calculate if a race was good, bad or merely OK. I took all races run between 1.10.2012 – 30.9.2014 and looked at last run each runner had had and determined if it was good bad or ok.
Now I was able to calculate if my method was up to anything, reasoning is that if last run was a good one then that should improve the odds of winning for that horse. And it actully did, from the table below you can see how performance in previous race affected strike rate.
None of the the above made any profits but at this point I am more interested in ways that let me forecast the winner and I am happy with anything that has a better strikerate than choosing randomly. And in races in question betting randomly one would have achieved strikerate of approximately 10%. My good runs last time out perform better than that and as importantly, races deemed bad perform worse.
I didn’t expect to find profits by using only one indicator so I was surprised that Hunter Chases and NH Flats combined made almost 600 points of profit over two years using just this one indicator. And that is over almost thousand races with roughly 450 winners. Not too shabby I’d say.