The BTC Horse Racing Thread
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Keep all your horse trading discussion in here!
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@Tony-Hastie I used to be like that!
'well it's in the red so it must be rubbish!'
Tested for one day...
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@Martin Personally I get grumpy if I end a single month with a loss on a strategy
I'd usually stick it out for a quarter though and then look at the history to see if such a losing run has ever happened before and take a view.
If it's a strategy with bets all year round and there's been no return for a quarter, I'd definitely be thinking about moving on as there are better opportunities.
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@Tony-Hastie they must have been a long way from Manchester then as the weather here is awful
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@Tony-Hastie said in The BTC Horse Racing Thread:
what does the draw bias number actually mean?
It's a relative measure of how favourable a particular stall is to winning the race. A value of 1.0 would mean that, all other things equal, the horses running from that stall have the same chance as every other stall of winning.
Below 1 means there's a bias towards losing the race and above 1 means there's a bias towards winning the race.
@Tony-Hastie said in The BTC Horse Racing Thread:
Is it something best used for a single course
Each combination of course, race type, distance and stall has its own draw bias value, so the course is already kind of baked in. That being said, I do sometimes still include those rules in strategies as well to reinforce the figure. Chester and Pontefract are good examples but most people know about the draw bias already so it can be harder to find value. Our draw bias figure helps you find lesser known draw biases.
@Tony-Hastie said in The BTC Horse Racing Thread:
We should be backing a horse running from that stall?
You're usually going to be backing a stall with a draw bias greater than 1 and laying a stall with a draw bias less than 1.
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@Martin Im not sure where to start! Somewhere I guess....Is it something best used for a single course(ive seen chester mentioned a bit) or can it be added to a strategy. And what does the draw bias number actually mean? We should be backing a horse running from that stall? I really have no idea! An explanation would make a good vid for youtube
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@Tony-Hastie @Adam is looking at adding weather in, what are you struggling with on draw bias? may be able to help!
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@John-Folan how was it mate? how are the new teeth?
Was chatting with @Adam earlier and one thing we are finding in common with our strategies is that two of the biggest influences to results seem to be draw bias and weather.
Interested in everyone's thoughts on those!
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@Tony-Hastie agree just about getting used to that kind of variance!