The BTC Horse Racing Thread

David Milligan

@joshua-varley @Jonathan-Jones this is what I had considered - the backrest obviously knows which horse the favourite is at the off, but when we place our bet at 10 mins before the off we don't know if that horse will go off as the favourite or not. So until we have some means of tying the results to real life could we not just ask the bot to select the favourite at eg 10secs before the official start time? Actual start time would be better but can't see how that is achievable.

Joshua Varley

@jonathan-jones this might be totally silly, but if you set the entry time on the c&d and bf strategies to much closer to the official time (obviously no point in doing it to the actual time, as doesn’t work for automation), would this not give a clearer indication of which horse is likely to be/ likely not to be fav? Obviously there’s going to be slight discrepancies as the actual off time is almost always slightly later than the actual, but it would surely be more accurate than 10 mins out?

Setting the entry time to 2 secs before the official off time and then again 2 secs In play (when the software is no longer looking into the future), shows no major difference in selection totals/SR%, meaning the 2 second before method was pretty damn close to reality.

Obviously placing a trade in-play is virtually out of the question, so bringing the entry time as close to the official off as possible, seems to me to be a way to overcome the issues you have raised?

Pretty new to all of this, so I could be completely barking up the wrong tree here haha…

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@alex-rendell

Until the issue with favourite is resolved i cant see why not.

The results with them on backtest are obviously better but those results are a fiction. There simply isnt any possible way to know what the actual results in real trading with favourite would be, and its not a case of looking at the results without them and saying thats a worst case so reality would be something between. Thats not how it works. The reality could be you blow your bank by trading it with them. Point is, you simply dont know and the software as it stands wont tell you.

I would rather something i can trust (even if its far from optimal).

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@jonathan-jones Hi mate, so you're simply saying with the "C&D winner" strategy, we should untick the "favourite", "2nd fave" and "3rd fave" boxes and re-run it? And these results would be more reliable than the previous ones? They're both showing very similar stats in terms of P/L, strike rate, ROI etc...

Thanks.

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@david-milligan

This may of of interest regarding your experiment.
Today i re-downloaded alll the individual results for the strategies (i do have but am ignoring Pace backs for now as its obviously on a long term very bad patch).

With the BackC&DWinner and LayBeatenFav as they are (with the favourite conditions, so backtested results cant be trusted) over the total perios (since March 21) you would make 1706.5 points profit.
Your Biggest loss on a day would be 35.85 points.
Your Biggest win on a day would be 52.51 points.
Your Average on a day would be 4.82 points.

Your total drawdown would be 45 points which would of occured last week

With the BackC&DWinner and LayBeatenFav without the favourite conditions, over the total perios (since March 21) you would make 1630.64 points profit.
Your Biggest loss on a day would be 39.48 points.
Your Biggest win on a day would be 48.56 points.
Your Average on a day would be 4.6 points.

Your total drawdown would be 56 points which would of occured back in March 21

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@nick-allan

Dont use back the C&D winner. Its results are not replicated in real trading. In reality you will bleed money while the software happlily tells you that you are making a profit. You can have a go at testing it going orward withoug the 'favourites' condition. The backtest says that should also be nicely profitable (just a little less so with a tad more variance) but it live trading should be a total match to the backtest.

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@david-milligan

I have just started a similar test (well, on hold after last week while i reevaluate). Last week had the biggest DD ever. Massively blew out the previous 2 year record. Though i dont think the software will show that.

The issue is the LAy Beaten Fav and back C&D winner. Both use 'favourite' as a creiteria and simple fact is you cant use it. It doesnt work. Its ok on the back the fav strat because that triggers in the last 10 seconds and looks at a low odds range but for the others its just crap. Last week i lost several points the software ignores because the top 3 just swap position several times in the last 10 mins. YOu could argue that it should even out over time (as i did pick up a couple of points from the inconsistency) but thats gambling, its not something thats verifiable, backtestable or could be replicated.

Interesting thing is both strategies are profitable withougt that condition (and the lay beaten fav actually seems to be better with recent berformance without it) so this morning i am going to re-download all the results and re-analyse both with the condition (to see how misleading the software actually is) and without to see if the DD is manageable running the strategies in a more reliable form.

John Folan

@david-milligan said in The BTC Horse Racing Thread:

@john-folan do you lay to a liability on all your strategies that aren't short odds? Is this to bring the risk reward under control a bit more? If so what sort of staking have you been using?

I do yes and quite heavy depending on drawdown.

David Milligan

@john-folan do you lay to a liability on all your strategies that aren't short odds? Is this to bring the risk reward under control a bit more? If so what sort of staking have you been using?

John Folan

@lee-colvin said in The BTC Horse Racing Thread:

@john-folan said in The BTC Horse Racing Thread:

@caroline said in The BTC Horse Racing Thread:

@john-folan
Lower rating on courses that don't suit pace horses is indeed profitable. Lots of variance obviously

There is definitely something in these pace. I'm going to try a couple of things

Keep us posted John, if you get involved then so will I

I’m still on my old pace stuff. Been frustrating lately.

There’s deffo something here. In the meantime look at the beaten faves. Laying to a liability. Shite run lately but have been good for the last 9 months

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@john-folan said in The BTC Horse Racing Thread:

@caroline said in The BTC Horse Racing Thread:

@john-folan
Lower rating on courses that don't suit pace horses is indeed profitable. Lots of variance obviously

There is definitely something in these pace. I'm going to try a couple of things

Keep us posted John, if you get involved then so will I

John Folan

@caroline If you literally look at horses rated 8,10,12 for that race, odds 6-25 and filter out the crap courses that don't like pace its hugely profitable. As always with backing lots of variance

John Folan

@caroline said in The BTC Horse Racing Thread:

@john-folan
Lower rating on courses that don't suit pace horses is indeed profitable. Lots of variance obviously

There is definitely something in these pace. I'm going to try a couple of things

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@john-folan
Lower rating on courses that don't suit pace horses is indeed profitable. Lots of variance obviously

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@jonathan-jones
This is one where I looked at the conditions/rules and thought "Back fitted" however I was playing with it to day and I think at its hearts its probably a sound strategy. I stripped out all the flannel and added race courses (something I am reluctant to do normally) that according to this article suits pace horses
https://myracing.com/guides/guide-to-racing/course-course-guide-betting/ Bingo! It 'Feels' more realistic

John Folan

I’m expecting big things from the pace backs March onwards. Roll on Doncaster(first flat meet of the season).

These have been good since April last year(better after Adam sorted the ratings). Couple of shitty months mostly due to snow f*****g the racing and ratings.

Interesting to look at the lower pace ratings for the jumps. Worth a look if you are bored.

John Folan

@lee-colvin said in The BTC Horse Racing Thread:

I’m the same as you lads, just those two strategies for me also, although I only added Back the Fav last week.

I was only doing John’s prior to that for a couple of months, the rest don’t suit me at all

I like that back the favourite. I've added it as it's silly not to.

David Milligan

I'm planning to run all the members strategies on autopilot through the bot for three months minimum to see how they perform. Obviously on the back and forward tests they all look great but have been so so for the couple of weeks I've been running them. In theory with a portfolio of winning strategies they would just be left to run and compound the stakes over time, but my worries are (a) is the strategy as executed by the bot an accurate reflection of the strategy and (b) is the strategy truly profitable or has it been back fitted to some extent? The positive with (b) is that on forward testing they have performed really well.

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I’m the same as you lads, just those two strategies for me also, although I only added Back the Fav last week.

I was only doing John’s prior to that for a couple of months, the rest don’t suit me at all

Nick Allan

Just out of interest is anyone else possibly doubling up on backing favourites strategies? for example is anyone out there using the back the favourite 3.0 and the course and distance winner simultaneously?