[AusRace] FW: PicWiz - calculators in racing series

[norsaintpublishing at gmail.com]

Who was the referred to "betting bandito" Tony?

On Wed, 25 Sep 2019 at 18:53, Tony Moffat <tonymoffat at bigpond.com> wrote:

>
> The first PicWiz was a booklet, and this was followed by a DOS based system
> -both of these you entered data manually.
>
> Then PicWiz with ESP (estimated starting price) used Inracing data files to
> export/import data into this program and it was semi- automatic after that.
> Manual entry was still an option.
>
> There were 73 data points of interest that could be utilized, up from 5 in
> the first versions, and Inracing provided templates for some of these to
> enable you
> to enter and use data unique to you, that which you considered necessary,
> meaning important, which acted upon the Irat score (similar to Wizards
> Wrat).
> Irat was segregated into groupings 100,99,98,97,96, 95-92 and <92 and
> tables
> within the program applied corrections to Irat score depending on what data
> you chose to use.
> Apparently the consensus panel scoring was a strong indicator of the
> worthiness of a runner, the highest adjusted Irat score which is also the
> Irat 100 pointer is another,
> betting the overs provided by the ESP function had good POT%
>
> The ESP followed on from Malcolm Knowles studies printed first up in the
> centre pages of The Wizard. An algorithm was developed that attempted to
> predict a likely sp for all runners.
> There is no simple explanation for it, sorry, but generally it seemed to
> work, at least the price rankings were most often correct, the tried prices
> often on the money. A series of private and public tipster polls were used,
> in addition to other maths that resulted in a price line likely to
> represent
> the order of prices in practice. Using this information in the calculation,
> eg 31% of all runners firm, 61% of all runners ease, 8% of runners do not
> do
> either, fiming runners  account for 53% of all winners, easing runners
> account for 40% of all winners. It was felt, found, that once a runners
> price firmed it would continue at that price, or firm again.
>
> The 'BettingBandido' may have used PicWiz as the basis for his selections,
> and he was making $450 k annually.
>
> -----Original Message-----
> From: Tony Moffat [mailto:tonymoffat at bigpond.com]
> Sent: Tuesday, September 17, 2019 8:38 PM
>
> Data for the PicWiz is still available from The Wizard
>
> Malcolm Knowles and Inracing ceased operation in December 2013. He was
> still
> including PicWiz prices in his data until the end.
>
> Cheers
>
> Tony
>
>
>
>
>
> ---
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