Can a consistent long-term profit be acheived in horseracing markets?

[Bobby Fischer]

del R8 $2 win on #4

[Bobby Fischer]

Originally Posted by Bobby Fischer

del R8 $2 win on #4

lose, loss = 2
new bankroll = $1051.20

Comments: good price on the winner Wheels up At Noon. I should have noticed how well he was suited to the course. I knew #4 Salinja was the class here, but also that he tends to flatten in the stretch. Was not a good bet considering he would need things to go his way. Perfect ride from Jeremy Rose on the winner- couldn't have timed the course any better with the turn out of the shoot, followed by the first turn.

[hockey2315]

Any reason you bet so small with a $1000 bankroll?

[Bobby Fischer]

Originally Posted by hockey2315

Any reason you bet so small with a $1000 bankroll?

I don't want randomness to skew my results. I also wasn't feeling very focused, and in fact did make mistakes.

[hockey2315]

Wouldn't the size of your bankroll help counter-balance any randomness?

[Bobby Fischer]

Originally Posted by hockey2315

Wouldn't the size of your bankroll help counter-balance any randomness?

If i used a 10,000 bankroll it would be less random than a 1,000 bankroll using the same bet sizes.

but if I wager $2k a race, than even a $10,000 bankroll would be exposed to randomness.

I use the formula Bankroll*Value*hit%*0.033 to determine a safe betsize, which would equal $14 for the last race. (1050*$1.35*0.30*0.033=14)
I can go below the suggested wager size but not over.

[jcs11204]

Originally Posted by Bobby Fischer

If i used a 10,000 bankroll it would be less random than a 1,000 bankroll using the same bet sizes.

but if I wager $2k a race, than even a $10,000 bankroll would be exposed to randomness.

I use the formula Bankroll*Value*hit%*0.033 to determine a safe betsize, which would equal $14 for the last race. (1050*$1.35*0.30*0.033=14)
I can go below the suggested wager size but not over.

I WILL BE making a large win/place bet on the #5 in the next race at belmont.... please wish me luck

[hockey2315]

Originally Posted by Bobby Fischer

If i used a 10,000 bankroll it would be less random than a 1,000 bankroll using the same bet sizes.

but if I wager $2k a race, than even a $10,000 bankroll would be exposed to randomness.

I use the formula Bankroll*Value*hit%*0.033 to determine a safe betsize, which would equal $14 for the last race. (1050*$1.35*0.30*0.033=14)
I can go below the suggested wager size but not over.

I usually use 5% of my bankroll for prime plays. . . maybe 2-2.5% for regular. . .