Afternoon one and all, I hope this blog entry finds you all well after the festive season. Happy new year to everyone. In the words of John Lennon Let’s hope it’s a good one, without any fear.
So in 2017 I had a good look at various aspects of trying to win without thinking using the data we get from Proform. As mentioned many times before the DTR system put together by Proform continues to work very well. The speed figure systems that were on previous blogs also continue to perform, although they are certainly more effective on the turf than the all-weather. On the back of previous posts I got a lot of feedback and messages revolving around the issue of backing them all with bookmakers that provide best odds guaranteed, the difficulty of getting on, and if there are angles to look at for Betfair SP, thus making it much easier for people to get on. So today I thought I would have a good look at the POWER RATINGS and see if there are any smaller angles we can find simply revolving around them and how we can try to making a profit simply from using Betfair SP that can add a bit more in the way of the profit column.
So first things first let’s run the system builder and get the results of the top power rated horse in all races since January 1st 2011……
So as you can see, backing them blind over the course of the last 6 years would not have been a sharp route to the Bahamas. Over 2341 pts lost to BFSP over the period. Just to get absolute clarity and a clearer picture I’ll break down those results and present them year by year….
So quite clearly you get a fairly consistent strike rate in and around 25% but a healthy loss to go with it to Betfair SP. So just like on previous efforts how can we now break this down to try to find an angle or two to turn those negative results in to positives? Let’s start by having a look at all of the same results but this time around I will break them down by their different race types. Maybe they are more profitable on the flat than jumps etc. Here is what we get…..
The first thing to obviously notice is that bumpers have a much better performance than anything else, clearly 94 points profit over the span of 6 years is not going to get the juices flowing though. That is a topic that I will almost certainly touch on in the near future as there are definitely some angles to be exploited in bumpers. Largely though, this breakdown doesn’t tell us an awful lot more. Mostly negative figures, especially on the turf, which is completely the opposite to looking at the speed figures. Before I try some other things just to get a bit more clarity, I want to run the same report again but this time I want to look at the different race classifications, just to make a mental note of any particular races that the Power Ratings are very strong in. Here is what we got…
Making some notes from what we get here you can see that races at the highest level seem to do pretty well. So grade 1-3 and group 1-3. That is fairly obvious, the top rated in the highest level contests tend to be the best horses in training and should produce a high strike rate. I will write a separate blog post on this area at another time as we approach the flat season. So to sum up at this stage there are no glaring angles to producing a high profit return, so it’s time to start thinking slightly out of the box. What can I change, or look at that may increase the profitability of those Power Ratings.
So what is the most common thing we hear across the world of social media when it comes to making a long-term profit from your betting? That’s right, VALUE. What happens if we look at horses that are top rated, but the market underestimates their chance? Surely this provides us with some value if the horse is top rated but the market has them at a big price? Bearing in mind that the overall loss on all the runners was -2341.60 pts, I started to run the reports in stages to see how the profit and loss reacted to gradually increasing the SP of the top rated horse. Here is what happened…..
The above represents all top rated with an SP of larger than 3/1.
This one represents all top rated with an SP of larger than 5/1. Starting to get the feeling this is going somewhere as that negative figure is getting smaller and smaller.
We move on to an SP of 8/1 and above. Only minus 62, so we are getting ever closer to a profit.
Ta da!!!! We’ve made it to some profit. 10/1 and above. A profit of 560.77 across the 6 years gives us an average of 93.46 pts per year. Whilst this is not a huge amount, it is another positive figure to add to the overall figures from your statistical betting. Clearly this is a system that will not suit a lot of punters. It has a very low strike rate of just under 6% and a lot of patience will be needed. Having said that, patience will provide some rewards, it only provides approximately 3 selections per day. 12th February 2011, What A Warrior won at Warwick as the top rated at a Betfair SP of 126.98.
Before I closed the book on this I wanted to have one last look, and this time taking those positive figures from above and once again having a quick look at the results through their race type just to make sure there isn’t something I’m missing.
You can see that chases have a negative impact on the results and that if you put a line through jumps racing and just ran this on the flat, all-weather and in bumpers, you would increase your profitability once again.
The big downside to this approach is that it works off SP. Clearly at 8am when we may be placing our bets, you have no idea what the SP will be, so to give it a very accurate reflection, you would need quite a hands on approach and placing your SP bets close to off time. I’m pretty sure that if you use the overnight prices as a guide and place BFSP bets on anything that is 10/1 or bigger at 8am for instance. This will still show a very similar profit level. If you have the luxury of BOG accounts, then this system again is fairly simple to operate. 93 pts a year is certainly not life changing, but when you add it to the portfolio we have already to started to build, it is more money in the profit column. I hope you have found this mildly interesting again. If you haven’t yet stumbled across Proform before, feel free to click on the image below which will take you directly to the website, where you can find all the information you need. I will be back in the next few weeks with another piece on yet more Proform angles. Happy punting!
All the best