Derby Trail Forums

Derby Trail Forums (http://www.derbytrail.com/forums/index.php)
-   Joe Silverio Simulcast Center (http://www.derbytrail.com/forums/forumdisplay.php?f=3)
-   -   Can a consistent long-term profit be acheived in horseracing markets? (http://www.derbytrail.com/forums/showthread.php?t=23259)

hoovesupsideyourhead 06-15-2008 04:41 PM

Quote:

Originally Posted by Bobby Fischer
win, return = $44.95(14.5*$3.10)
new bankroll =1093.20

Comments: $3.10 great value on the far superior animal paying 6-5 to win.
Adjusted the formula here: BANKROLL*VALUE*HIT%*.033.
Originally I was going to use *0.1 , however the goal of this is to show consistent longterm profit so it was reduced to a third.
I would have gone heavier here anyway, but I couldn't believe that everyone didn't put huge show money on the 6 after OFF. I was worried he would go off at 2.50 to show.

you bet lovley isle to show.. you are an idiot

Bobby Fischer 06-15-2008 04:50 PM

Quote:

Originally Posted by fpsoxfan
On a four horse box for $12 with a 1,000 bankroll? Your kidding...right?

Bet size is pretty much a secondary concern.

The only thing to think about with bet size right now is to keep it small enough that randomness will not skew the results.

The main concern is accurately finding high value plays.

the_fat_man 06-15-2008 06:38 PM

Quote:

Originally Posted by hoovesupsideyourhead
you bet lovley isle to show.. you are an idiot

If the dude had a clue, you think he'd be here doing his best Dave Schwartz or Overlay impression? He'd be sitting back and trying to pick up some pointers about HANDICAPPING from people who actually are adept at it.

There's much to be said about grinding out a .99 ROI and making up the difference in rebates (and volume). For those in CLUELESS circles, this has become the de facto way to do things. Frankly, I don't get it. The game to me is the ultimate challenge and has a certain aesthetic quality to it; it's as much art as it is a skill. Crunching numbers, abstractions, that have no resemblance to the game itself to eek out a small profit is probably something like being forced to jack off to gay porn when you're straight.

Luckily, there's an alternative to this method. It's the liberating method of watching races. Get good at this and a 1.5 ROI is commonplace. In fact, this is probably the level during a LOSING streak. Then, any discussion about the .99 ROI method is kind of uninteresting. This is something that Fischer and his friends don't quite get. The is the realm of HAVING AN OPINION.

Needless to say, I hang on every new posting in Fischer's monologues.

Cannon Shell 06-15-2008 06:45 PM

This has thread of the year potential......

:$: :$: :$: :$:

jcs11204 06-15-2008 07:33 PM

is this a joke.. i just read every post and this has to be dumber then some of the **** i have posted in the past.

Cannon Shell 06-15-2008 07:35 PM

Quote:

Originally Posted by jcs11204
is this a joke.. i just read every post and this has to be dumber then some of the **** i have posted in the past.

...which would not be an easy task...

Bobby Fischer 06-15-2008 08:04 PM

Roflzzz....
 
Quote:

Originally Posted by the_fat_man
If the dude had a clue, you think he'd be here doing his best Dave Schwartz or Overlay impression? He'd be sitting back and trying to pick up some pointers about HANDICAPPING from people who actually are adept at it.

There's much to be said about grinding out a .99 ROI and making up the difference in rebates (and volume). For those in CLUELESS circles, this has become the de facto way to do things. Frankly, I don't get it. The game to me is the ultimate challenge and has a certain aesthetic quality to it; it's as much art as it is a skill. Crunching numbers, abstractions, that have no resemblance to the game itself to eek out a small profit is probably something like being forced to jack off to gay porn when you're straight.

Luckily, there's an alternative to this method. It's the liberating method of watching races. Get good at this and a 1.5 ROI is commonplace. In fact, this is probably the level during a LOSING streak. Then, any discussion about the .99 ROI method is kind of uninteresting. This is something that Fischer and his friends don't quite get. The is the realm of HAVING AN OPINION.

Needless to say, I hang on every new posting in Fischer's monologues.

My ROI IS currently 1.5

exact math =
$166 Wagered
$248.2 Returned
1.495181
---------
=1.495 ROI

respect my "swagger"

everyone is allowed to have their own style.

We've got some people that work in the industry. There's a pecking order. Steve Byk and all these people are at the top. I also respect Fat Man's opinion. Stop being a baby and maybe we can bs a race sometime.

jcs11204 06-15-2008 08:45 PM

Quote:

Originally Posted by Cannon Shell
...which would not be an easy task...

from your response, it seems to me like you almost agree with me.

maybe he does have a positive roi, and i wont lie...... my roi since jan 1 is not great... but i will never ever let anyone convince me that betting show on 6-5 fav. is a good bet... especially frankel today, shes was not a lock to run 1-2-3 .....

jcs11204 06-15-2008 08:46 PM

Quote:

Originally Posted by Bobby Fischer
My ROI IS currently 1.5

exact math =
$166 Wagered
$248.2 Returned
1.495181
---------
=1.495 ROI

respect my "swagger"

everyone is allowed to have their own style.

We've got some people that work in the industry. There's a pecking order. Steve Byk and all these people are at the top. I also respect Fat Man's opinion. Stop being a baby and maybe we can bs a race sometime.

i would also like to add... i do respect your swagger... i just disagree with your method

Bobby Fischer 06-15-2008 09:29 PM

Quote:

Originally Posted by jcs11204
... but i will never ever let anyone convince me that betting show on 6-5 fav. is a good bet... especially frankel today, shes was not a lock to run 1-2-3 .....

If you want to actually discuss this, tell me what %chance you think Lovely Isle had of finishing top 3 of that race.

jcs11204 06-15-2008 09:34 PM

Quote:

Originally Posted by Bobby Fischer
If you want to actually discuss this, tell me what %chance you think Lovely Isle had of finishing top 3 of that race.

what do you mean what percent ? i dont handicap that way... i thought there was TONS OF SPEED ON PAPER.... and i did not like her for the win, i used 1,2,3,9... the 3 ran huge for second at giant odds...
i dont know what % though, i guess if i had to say, i would say there was a 50% chance she could have bombed and ran out of the top 3

Bobby Fischer 06-15-2008 09:56 PM

Quote:

Originally Posted by jcs11204
what do you mean what percent ? i dont handicap that way... i thought there was TONS OF SPEED ON PAPER.... and i did not like her for the win, i used 1,2,3,9... the 3 ran huge for second at giant odds...
i dont know what % though, i guess if i had to say, i would say there was a 50% chance she could have bombed and ran out of the top 3

so for you she was a bad bet. You didn't even like her to win.

If you think she will pay $3 and has a 50% chance thats only a 0.75 roi. Meaning if you are right and did that over a million bets, you would lose a quarter for every dollar you bet.

I thought she was easily the best. I thought she had about a 75% chance of finishing top 3. So for my opinion if I was right was an roi of 1.125. So over a million bets if i was right that would be a profit of 12cents per every dollar bet.

We just had different opinions about how good the horse was. If I had the same opinion as you, I definetly wouldn't have bet.



As far as the horse being 6-5, he wasn't getting the same kind of money in the show pool. He ended up paying 4.40 to win and 3.10 to show. Here is what the pools looked like after ALL bets were counted.

jcs11204 06-15-2008 10:07 PM

Quote:

Originally Posted by Bobby Fischer
so for you she was a bad bet. You didn't even like her to win.

If you think she will pay $3 and has a 50% chance thats only a 0.75 roi. Meaning if you are right and did that over a million bets, you would lose a quarter for every dollar you bet.

I thought she was easily the best. I thought she had about a 75% chance of finishing top 3. So for my opinion if I was right was an roi of 1.125. So over a million bets if i was right that would be a profit of 12cents per every dollar bet.

We just had different opinions about how good the horse was. If I had the same opinion as you, I definetly wouldn't have bet.



As far as the horse being 6-5, he wasn't getting the same kind of money in the show pool. He ended up paying 4.40 to win and 3.10 to show. Here is what the pools looked like after ALL bets were counted.


why not crush her to win ?

Bobby Fischer 06-15-2008 10:19 PM

Quote:

Originally Posted by jcs11204
why not crush her to win ?

too short of a price to win. I wasn't getting any deal in that win pool.

jcs11204 06-15-2008 10:26 PM

Quote:

Originally Posted by Bobby Fischer
too short of a price to win. I wasn't getting any deal in that win pool.

ok now im lost... to short a price, if she was such a lock to you, why not 500 to win ? 200 to win ?
100 to win ? im confused, or wait... better yet... why not forget shot... and a large win/place ?

hockey2315 06-15-2008 10:46 PM

Lovely Isle was an atrocious bet to win, place, or show regardless of the results.

jcs11204 06-15-2008 10:57 PM

Quote:

Originally Posted by hockey2315
Lovely Isle was an atrocious bet to win, place, or show regardless of the results.

thank you... thats what i am saying....

Bobby Fischer 06-16-2008 08:40 AM

Quote:

Originally Posted by jcs11204
ok now im lost... to short a price, if she was such a lock to you, why not 500 to win ? 200 to win ?
100 to win ? im confused, or wait... better yet... why not forget shot... and a large win/place ?

Are you trying?

Think about this example: A man in the grociery store is selling bundles of CASH. One catch!, you can only spend $1,000.

$7 cost you $6.95
$6 cost you $6
$5 cost you $4



Why did you buy the $5 dollar bundles?

Why didn't you load up on the $7 dollar bundles?

hoovesupsideyourhead 06-16-2008 08:58 AM

show betting for profit is a joke at this rate it will take you till btw is president of peta to make your 2k..and guess what..what happens when your chalky fave runs out of the money......

jcs11204 06-16-2008 09:08 AM

Quote:

Originally Posted by Bobby Fischer
Are you trying?

Think about this example: A man in the grociery store is selling bundles of CASH. One catch!, you can only spend $1,000.

$7 cost you $6.95
$6 cost you $6
$5 cost you $4



Why did you buy the $5 dollar bundles?

Why didn't you load up on the $7 dollar bundles?

i am trying to understand.. i am not just ripping you like others. i just dont see it....


All times are GMT -5. The time now is 08:14 AM.

Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.