When I work with players, we always begin by asking these questions (in this order):
1. How did your contenders do vs. your non-contenders?
In other words, are the horses you call non-contenders losing big money?
If not, then your contender selection needs work.
2. Are the non-contenders you select that ultimately go off at 3/1 and below losing big money? (target should be $net of $1.20 or below.)
If not, then you do not know the difference between a good favorite and a bad one. That means your assessment of low odds contenders needs work.
3. Are the contenders you bet returning significantly more money than the ones you don't bet?
If not, then your value assessment of the horses themselves needs work.
4. Are the races where you bet a lot returning more money than the races where you bet a little?
If not, then your race selection/race valuation method needs work.
IMHO, this is how you analyze your results.
Regards,
Dave Schwartz
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