Quote:
Originally Posted by BJennet
Charles,
Agree also with your comments on not 'hiding', preferring to use my own judgement. I think this must have worked well when Doc Sartin first came up with the idea, and probably for a decade or so afterward, but the assumption that there will always be a sufficient supply of horses at long enough odds to offset losses on low-priced favorites no longer applies in today's much tougher mutuel price environment. Being selective really is crucial.
Best of luck with your research and parimutuel investments, although I think you hardly need it.
Cheers,
B Jennet
|
Thank you for the compliment, but I must tip my hat back to you as you've given me much to chew on.
My reason for keeping the favorites in was to "legitimize"the results.
For example, I show FW as the strongest factor on the IDT at 6 furlongs this season. 45% of the winners I have charted ranked first in this factor.
While there are a number at $5.00 or less, there is also quite a number of them paying $8.00 or better.
EP is the second highest, producing 39% winners at 6 furlongs. So, when I come across a horse that is top ranked in both, I can presume it's a legit candidate to have its picture taken. All I need is for the odds to be satisfactory. Even an 8/5 horse can be an overlay if the rankings match up well with my tracking., but generally I look for 5/2 or better.
Sure, I can go a couple of days without wagering, but it's a winning feeling to not watch my bankroll erode.
I go through the rankings looking for strong combos, and will now add TE to the list. I'll start compiling that on Tuesday and Wednesday, the dark days this week.