TOPIC: On betting systems

From owner-ausrace Mon Jun 10 23:58:21 1996 To: ausrace@psy.uwa.edu.au

Dear Ausracers,

Just a quick note to reply to Craig Myers little letter regarding systems. I was an avid system follower for many years. I still do use one system at the moment. For several years I followed up to twenty systems at once betting a couple of dollars on each selection in a systematic fashion.

Keeping acurate records for all selections and profit/loss for the particular systems. At the same time I was also testing several other systems. Some of these systems were bought (costing up to $200) others were from books or magazines and others were made by yours truely. I even published What I believed to be one of my better systems and sold it through the Sportsman for $25. I must say This was a lot of work on a saturday morning (getting up at 6am just to start the analysis).

The sad fact was that this was mostly in vain, there were only a couple of systems
that made any money very little money in fact. None of the systems made consistent profits. Most of the winning systems (which were very few indeed) mad their profits from freak longshot winners. I don't know what the protocol for mentioning commercial systems is here so I won't. If you like you can email me personally. There was one very good system from which I did make a bit of money from but even this has let me down of late.

The Moral of this story is that after all of these years of analysis I have come to the conclusion that system betting is not the way to go. I don't believe you can effectively predict the winner of a race without taking into consideration the merits of the other horses in a race. For example a horse may qualify as a system selection and may win against one field but may lose against another better field. I do not know of many systems that take this factor into account. The system I won money on did take this into account in a limited way. I believe a better way to pick winners is to rate a race taking into account the chances of all the horses in a race and then betting the value selections. Some people would call this a system.

If you wan't more information on systems I have used you can email me in person. Or an even better option is to get a hold of a punters choice annual which reviews many of the better systems available on the market. you should contact Ian Barns for more info I think he might even be a part of ausrace.

Well thats my thoughts on the matter I did spend years looking for that perfect system maybe I didn't look hard enough. I would like to hear other peoples comments on this issue.

Before I go here is a freebie, This is the system that cost you $25 a few years ago from me but here it is as a gift because I am only starting out in this group. Punters choice did review it and gave it an unfavourable review I believe it is a better system than they gave it credit. I have no recent results but I would love to hear from anyone who tries this and maybe get some up to date results. It is very selective but it is a goody.

REPEAT SELECTION SYSTEM.

1. only select Wednesday and Saturday meetings at Sydney, Melbourne and Brisbane on a Fast, Good or Dead track.
2. The horse must have won both of its last two starts.
3. The horse must have a place percentage of at least 60%.
4. Eliminate any horse with average prizemoney less than $2000.
5. The pre post odds must be between 2/1 and 20/1.

Good Punting

Geoff. Back for more tips.