Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board


Thread: Purse Value
View Single Post
Old 03-04-2014, 01:17 PM   #40
raybo
EXCEL with SUPERFECTAS
 
raybo's Avatar
 
Join Date: Mar 2004
Posts: 10,206
Quote:
Originally Posted by jerry-g
Just saw your post Raybo. At my age, when I go to sleep I have to get
up a few hours later and pee then roam about the house or read posts
on PA.
Thanks for checking this out. It certainly confirms what Mitchell his self
said, that the CCR has very little predictive value. As far as isolating the
contenders I think it is not necessary as most of us can do that anyway.
So, over the long term it looks like a looser unless one could come up with
tweaking the formula just a tad. My recent idea was to add another
number to the CCR but as it turns out, it gives a better spread between
numbers but changes the ranking of the contenders very little. So I would
be only making a larger number and getting the same ole results.
That number I was going to get from a formula given by Larry Voegele in
his book, "Professional Method of Winner Selections." I was going to take
his current form figure taken from a horses last six races. That number waa
later tweaked by Bob Pitlak allowing horses that win larger purse races an
edge over winners of lower purse races. However, it comes up with the
almost same rankings as Mitchel's formula.
So for now I feel I have reached that brick wall at the end of a dark alley.
Hopefully, some other members may come up with ideas that can effectively
put a good number on CR.
Thanks again for all your help.
Don't give up on CCR yet. I made a rookie mistake and forgot to grab the scratched horses, so some of the picks were actually scratched in the first test. Here's a screenshot of the summaries report after getting rid of the scratched horses. The hit rate was remarkably consistent, card to card, within 2 percentage points throughout, for each of the 3 picks. Although the ROI is still sub-par, the combined hit rate was better, more inline with what I would expect from a decent 3 horse contender method.

Note, the results were a bit better than this before February 2014, which was not as good overall (bad weather I suspect, horses scratching because of it, or not running as well due to track conditions, etc..)

So, if you add another factor or 2 to this, you might have something.

Attached Images
File Type: png CCR - Aqu.png (28.8 KB, 88 views)
__________________
Ray
Horseracing's like the stock market except you don't have to wait as long to go broke.

Excel Spreadsheet Handicapping Forum

Charter Member: Horseplayers Association of North America

Last edited by raybo; 03-04-2014 at 01:20 PM.
raybo is offline   Reply With Quote Reply
 
» Advertisement
» Current Polls
Which horse do you like most
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 12:06 PM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.