pmd62ndst
07-18-2003, 06:36 PM
I thought I would start a new thread about the software contest because that other thread is turning into a frenzy about everything BUT the software contest.
I was thinking about the contest and the fact that there are people out there who are FORCED to handicap EVERY race whether they like it or not. Yes, they are the Morning Line Makers, a thankless job at that. Let's take a look at their numbers:
6488/20770 (31.2%) winners
$33,775.90 revenue = $5.21 avg payoff per winners
ROI = - $7,764.10 (-18.7%)
The betting public also selects winners. Here are the numbers for the betting favorite:
7873/22540 (34.9%) winners
$37752.00 revenue = $4.80 ave payoff per winner.
ROI = - $7,328.00 (-16.3%)
Wow! The betting public has a better winning percentage AND ROI percentage.
These numbers represent all thoroughbred races from all tracks DRF offers since February 2003.
Can your software produce better numbers then this? Mine can.
I was thinking about the contest and the fact that there are people out there who are FORCED to handicap EVERY race whether they like it or not. Yes, they are the Morning Line Makers, a thankless job at that. Let's take a look at their numbers:
6488/20770 (31.2%) winners
$33,775.90 revenue = $5.21 avg payoff per winners
ROI = - $7,764.10 (-18.7%)
The betting public also selects winners. Here are the numbers for the betting favorite:
7873/22540 (34.9%) winners
$37752.00 revenue = $4.80 ave payoff per winner.
ROI = - $7,328.00 (-16.3%)
Wow! The betting public has a better winning percentage AND ROI percentage.
These numbers represent all thoroughbred races from all tracks DRF offers since February 2003.
Can your software produce better numbers then this? Mine can.