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  #1  
Old 3rd January 2005, 10:29 AM
miamiles miamiles is offline
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Default Winning %age of Favs.

It is a truism that 30odd% of favs win. Over time it has been written here to wait for a fav to win the bet on next one etc. My question is does anyone have any stats on consecutive favs winning - like races 3 &4, 7&8 etc.. Thanks in anticipation
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  #2  
Old 3rd January 2005, 11:39 AM
Shaun Shaun is offline
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Any one that waits for a fav to win then backs the next one is just waiting to go broke....the only time you want to back a fav is when it is a true fav and you have done the form to support that
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  #3  
Old 3rd January 2005, 12:12 PM
miamiles miamiles is offline
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Thanks for the advice Shaun but I wasn't seeking advice I was seeking facts
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  #4  
Old 3rd January 2005, 12:46 PM
Mr. Logic Mr. Logic is offline
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Quote:
Originally Posted by Shaun
Any one that waits for a fav to win then backs the next one is just waiting to go broke....the only time you want to back a fav is when it is a true fav and you have done the form to support that


You'll still go broke backing true favourites unless you get the right odds. Take $2.00 about a true favourite that should be $2.20 and you'll end up losing. But you'll get a good winning strike rate. Loss chasing staking methods won't turn things around either.
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  #5  
Old 3rd January 2005, 04:13 PM
Chrome Prince Chrome Prince is offline
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Hi,

My database contains only Metropolitan races....

Overall
17,617 clear favourites
30.44% S/R
13.18% Loss On Turnover.

Whether consecutive or not it will even out unless you can find a method that eliminates some % of losers or obtain better odds. These days it quite easy to make money longterm as a 13% loss can be turned into a 2 to 5% profit, possibly even more, by obtaining better prices.

The loss on turnover quoted overall is using Tabcorp prices.
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  #6  
Old 3rd January 2005, 06:15 PM
DR RON DR RON is offline
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Why is it when we have such a vast array of resources at our fingertips, we still only manage to have the same strike rate of faves as we have had right through history???
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  #7  
Old 3rd January 2005, 07:31 PM
woof43 woof43 is offline
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It's something called the "diminishing marginal utility. We think by adding more an more variables/factors you will find more value, but the reverse is true.
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  #8  
Old 3rd January 2005, 08:19 PM
Shaun Shaun is offline
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I will agree on that more information does not say we will get more winners
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  #9  
Old 3rd January 2005, 08:29 PM
shoto shoto is offline
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The ave price has gradually declined though, as a result of more informed money being bet.
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  #10  
Old 4th January 2005, 01:43 AM
Shaun Shaun is offline
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But using other services you can get a better price....80% of people still don't read form or don't understand it
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