Party, you like Place betting, just like I do.

For the past three weeks I've been Place betting using a mechanical system on the U.K. races. From 170 races it's had a strike rate of almost 70% and a POT of about 3% (better than losing).

Out of curiousity I looked at yesterday's Oz racing using a somewhat similar Place method.

1) 8 to 11 starters.
2) Bet the NSW TAB Win fave to Place.
3) No Maidens.

Even though there were only 32 qualifying races yesterday the results are encouraging.

Win. I'm not really interested in Win betting.
17 winners.
Return (NSW TAB) of $44.20.
Strike rate of 53% and a POT of 38%

Place Betting
27 placegetters
Return $41.20
Strike rate of 84% and a POT of 19%.

This is a much better result than the U.K in both the strike rate and POT, but 170 races would be expected to be more accurate than 32 even though they are different countries with possibly different methods applying to their style of racing. I have no records how Win betting in the U.K. has fared.

If I was prepared to sit at my computer most of the day I'd probaly give it a go. With U.K.racing I normally get my bets matched around 10 p.m. I take the current price, provided there's not an unacceptable gap between the buy/sell price.

I only checked yesterday with our racing, but as the U.K. is showing a profit I would not be surprised if our racing does not fare too badly in the future.