A slow but steady little horse racing strategy
April 15th, 2024 at 02:11pm
Thank you to all of you for your patience during my recent absence. I would like to especially thank those of you who offered your kind wishes to my mother while she was in hospital. Mum is back at home now, happy and comfortable, but still requires surgery at a date in the future which is yet to be set.
Today I have for you a rather simple little strategy which works quite slowly but also quite steadily on the horse racing markets. This is looking at the place market and looking to lay the favourite if it is at odds of 1.60 to 1.99. This generally indicates that although it is the favourite, it is quite a weak favourite, and often this results in it not running a place. Most favourites tend to sit at 1.50 or lower on the place market so this strategy doesn’t get a lot of bets but it does tend to get a good percentage of successful bets.
This is using the Stop At A Winner Deluxe software.
I am running this on races globally, wherever Betfair offers a place market. This is generally every horse and harness race in Australia and New Zealand, just about every race in the UK and Ireland, and then some of the French, South African and American races. The settings are fairly straight forward.
(click image to enlarge)
On these settings I would recommend a balance of $200 as a starting point (and yes, I know my balance is less than that in the screenshot, but I had some unexpected expenses recently and withdrawing some funds from Betfair was the best option at the time, and it does mean I’m running a bit of a risk having less than an ideal amount of funds to work with for this strategy but it has been steady over the month that it has been running so I’m willing to take that risk at this point in time).
These graphs show you results over the last month of testing, running a Stop At A Winner Staking method. You can see it has made approximately $80 in the month. Not a huge amount, but it has done so in a fairly steady manner with only two brief drawdowns of note.
It’s worth noting that the place market doesn’t have a heap of liquidity and not every race globally has a place market, and the number of races with a favourite in the target range is a fairly small percentage of events. But it is being selective in this manner which allows the system to flourish. Keeping the odds under 2.00 also means the stop at a winner staking method escalates in bet size quite slowly, which also helps to maintain it as a fairly safe and steady system. And the Stop At A Winner Deluxe software handles the job quite nicely.
Samuel
Entry Filed under: Adventures In Betting
