[AusRace] NOT Read Rating - a system

[norsaintpublishing at gmail.com]

Just had a quick look at the Beggs submission. It doesn't make for great
reading. A self-described compulsive gambler who has disgraced his family!

On Fri, 24 Feb 2023 at 20:21, norsaintpublishing at gmail.com <
norsaintpublishing at gmail.com> wrote:

> Had the Beggs book years ago but somehow it disappeared into the ether.
> Saw Read interviewed recently courtesy of the Wolfden racing club and he
> appeared to be lounging around in the Yarra Valley somewhere.
> I notice he hasn't updated his HK managed fund website for a couple of
> years now. Hard to imagine he's run aground.
>
> On Fri, 24 Feb 2023 at 19:56, Tony Moffat <tonymoffat at bigpond.com> wrote:
>
>> This is NOT the method used by Read Ratings - info from Don Beggs
>>  Mr Read has not commented on what he does, two of his ex-staff have said
>> the following is nonsense and definitely NOT the Read Rating Method.
>>
>>
>> Anyway,  the NOT Read Rating system goes like this
>>
>> (not first up) Won, 25, 2nd but within 1 length 25, 2nd otherwise 20, 3rd
>> 15,4th 10, 5th or worse 5 - all runners get a score
>> (first up) if the runner has won first up score 25, if it has placed first
>> up (but not won) 20, if it has finished within 5 lengths after a spell,
>> 10,
>> if it finished further than 5 lengths after a spell, 5.
>> Caution: it can only be one, or the other, First Up or Not First Up
>>
>> (distance) if the runner has won at the distance (+/- 200m) 25, placed at
>> the distance 15, never raced at the distance 10, raced at the distance but
>> never placed 5
>>
>> (track) as in distance - won 25, placed 15, never raced 10, raced but
>> unplaced 5
>>
>> (strike rate) won 50+% 25, won 20% -50% 15, won 10% -20% 10, won <10% 5
>> (which included never won a race)
>>
>> (earnings) use API and rank the top earners from this - top gets 25, 2nd
>> 20,3rd 15, 4th 10, 5th or less 5
>>
>> (barrier) nil - no suggestions
>>
>> (jockey) nil - no suggestions
>>
>> (going) nil - no suggestions
>>
>> Whiteways (Winning Post ratings) use a similar score earning when
>> calculating their ratings - the values differ but the form aspects are the
>> same except no barrier/going/jockey and there is a different sequence in
>> application of the elements.
>>
>> What Mr Read does: http://www.markread.com.au/our-funds/technology.aspx
>> That is what not how though and there seems to be a lot of decimal points
>>
>> Interesting that Joe and Zac (to a lesser degree) caused grief in yearly
>> returns for a while and that the jockey algorithm was based on Douglas
>> Whyte.
>> I don't know specifically what they did/or do. The firm was big on
>> quinellas
>> when Allsports was operating for them. Exactas too, and the first picks in
>> exactas were supported as single win picks to a lesser degree.
>>
>> The man is in need of a biographer Saintly, interested? And you'd be based
>> in Honkers may be.
>>
>> Don Beggs wrote 'Walk away a Winner' which was his selection system(s)
>> based
>> on Read Ratings which at that time were on screens in TABS (in NSW). RR
>> gave
>> out four horses (as race number and horse number) and they had a pager set
>> up too which were allowed on course (whereas mobile telephones were banned
>> for a bit). The RR info came through late, twice in 10 minutes then with a
>> few minutes to the off. The second call may have included shorteners, and
>> their recommendations about them. Beggs showed that overall the RR were
>> money making. Not sure what happened in the end, doubt they fizzled
>> because
>> of non-performance, and was it an attempt to steer the market, somehow?
>> From
>> the ample records in Beggs book the picks were seldom favourites and
>> although not named the winners prices of RR selections were handy for the
>> pocket. Beggs mostly treated the RR as one half of a quinella and had
>> alternative picks to make up the other half, to score the dividend is
>> what I
>> am trying to tell you. He didn't box the picks and makes a good case for
>> doing that. There is 100 plus spreadsheets (data sheets) in Beggs book, a
>> lot of work.
>>
>> See Don Beggs submission to a commission here
>> https://www.pc.gov.au/inquiries/completed/gambling/submissions
>>
>> Cheers
>>
>> Tony
>>
>>
>> --
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>
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