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-   -   How to make money in horse racing (http://www.paceadvantage.com/forum/showthread.php?t=175867)

Triopstor 04-26-2023 02:14 PM

How to make money in horse racing
 
HOW TO MAKE MONEY IN HORSE RACING
===================================

1. Have a EXCEL database of 900 to 1,000 winners and 900 to 1,000 losers.

Once that database is formed then the data mining happens. You will figure
out a method to wager them. Although I wonder what occurs if you you
miss a race with a 15-1 shot winner. I guess that would be rule #2:
Start Small in Wagering.

I have one system with 1,000+ winners and 1,000+ losers in EXCEL
so one day I'll look into that. I lost the original horse racing files. So I'll
have to start again. The working name is System 86. System needs
speed or some pace number added to it.

2. Start Small in Wagering.


Right now I'm still researching if there is a dead end to all forms of gambling if there is a vigorish against you. Even a small one.


Sincerely, Triopstor

ranchwest 04-26-2023 06:55 PM

If you have 1,000 winners and 1,000 losers then you either have 1,000 two-horse races or incomplete data. Either way, there will not be much relevance to typical races.

elhelmete 04-26-2023 08:18 PM

have you met formula_2002?

jay68802 04-26-2023 08:29 PM

A system I heard of was betting horses that have twice the chance of winning than their odds at post time....

MJC922 04-26-2023 09:28 PM

Starting small, you've got that right. Disciplined betting is one thing you need for long term success. There's a whole bunch of people who can't methodically build a bankroll. The other thing you need is some kind of an edge. What do you know about some factor or factors that few others do? Probably nothing yet so you're going to want to lower your expectations until you learn to align your thought processes with things that mostly go under the radar.

headhawg 04-26-2023 10:07 PM

Quote:

Originally Posted by elhelmete (Post 2872946)
have you met formula_2002?

https://www.reactiongifs.us/wp-conte...ky_gervais.gif

Triopstor 04-27-2023 09:20 AM

Quote:

Originally Posted by ranchwest (Post 2872929)
If you have 1,000 winners and 1,000 losers then you either have 1,000 two-horse races or incomplete data. Either way, there will not be much relevance to typical races.

I meant as the minimum required to ensure the price and frequency is stable.

For example, a selection system file with 20% winners would require between
4,500 races to 5,000 races.

Triopstor 04-27-2023 09:22 AM

Quote:

Originally Posted by elhelmete (Post 2872946)
have you met formula_2002?

I love meeting people. But I haven't been here much. formula_2002 you say.

Triopstor 04-27-2023 09:23 AM

Quote:

Originally Posted by elhelmete (Post 2872946)
have you met formula_2002?

I love meeting people. But I haven't been here much. formula_2002 you say. This person does a lot of research?

Triopstor 04-27-2023 09:26 AM

Quote:

Originally Posted by jay68802 (Post 2872948)
A system I heard of was betting horses that have twice the chance of winning than their odds at post time....

That's very helpful. So an estimated 6/5 odd horse at starting post time
would need to be 2.4 to 1 in price.

Triopstor 04-27-2023 09:28 AM

Quote:

Originally Posted by MJC922 (Post 2872952)
Starting small, you've got that right. Disciplined betting is one thing you need for long term success. There's a whole bunch of people who can't methodically build a bankroll. The other thing you need is some kind of an edge. What do you know about some factor or factors that few others do? Probably nothing yet so you're going to want to lower your expectations until you learn to align your thought processes with things that mostly go under the radar.

I like that MJC922. Have some kind of EDGE that people rarely look at.

xtb 04-27-2023 10:19 AM

Quote:

Originally Posted by Triopstor (Post 2872989)
This person does a lot of research?

You could say that.

Dave Schwartz 04-27-2023 10:53 AM

Quote:

Originally Posted by Triopstor (Post 2872986)
I meant as the minimum required to ensure the price and frequency is stable.

For example, a selection system file with 20% winners would require between
4,500 races to 5,000 races.

There are at least a handful of us here with databases in the 500,000 race range.

Triopstor 04-27-2023 04:23 PM

Quote:

Originally Posted by Dave Schwartz (Post 2873014)
There are at least a handful of us here with databases in the 500,000 race range.

Look's like I'm in good company.


500,000 race database would be worth $50,000 of Bris.net files at least.

headhawg 04-27-2023 04:45 PM

Getting the data is easy. Expensive, but easy. Creating a well-designed database is important, and understanding how to do a proper analysis is even more important. Drawing the wrong conclusions is detrimental to the bankroll.


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