How to make money in horse racing

[Triopstor]

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]

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]

have you met formula_2002?

[jay68802]

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

[MJC922]

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]

Originally Posted by elhelmete

have you met formula_2002?

[Triopstor]

Originally Posted by ranchwest

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]

Originally Posted by elhelmete

have you met formula_2002?

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

[Triopstor]

Originally Posted by elhelmete

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]

Originally Posted by jay68802

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]

Originally Posted by MJC922

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]

Originally Posted by Triopstor

This person does a lot of research?

You could say that.

[Dave Schwartz]

Originally Posted by Triopstor

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]

Originally Posted by Dave Schwartz

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]

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.