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  #1  
Old 6th May 2002, 06:31 PM
marylin marylin is offline
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All good info Privateer, thanks again .
now who or what is "Pareto"
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  #2  
Old 7th May 2002, 07:58 AM
Placegetter Placegetter is offline
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Pareto's law of 80/20 is often used in business. They say that 80% of your profit comes from 20% of your clients, and the vice versa applies too.

I think you should now be able to make the association Privateer wants you to from that information offered.
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  #3  
Old 7th May 2002, 08:28 AM
Privateer Privateer is offline
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My friend Placegetter is correct.

Expanding a little further re Pareto's rule: This rule says - "eighty percent of your troubles will come from 20 per cent of your problems". In other words, problems will rarely have equal impact, so it is best to first concentrate on the most important.

The value of this rule is not that it provides a scientifically accurate estimation of the weightings which attach to a range of alternatives (which it does not), but simply that it is a reminder to always look for 'the vital few' issues, and to separate them from 'the trivial many', before attempting to solve problems.

Privateer
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  #4  
Old 7th May 2002, 09:17 AM
Placegetter Placegetter is offline
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I'm guessing the winning barrier stats fall in the "trivial many" part of the program.

Perhaps more important is "how wide can a horse run from without being disadvantaged?"

If a backmarker, it can start in the car park for all I care, frontrunners and on pace, completely different story.
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  #5  
Old 7th May 2002, 09:49 AM
becareful becareful is offline
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Quote:
On 2002-05-07 09:17, Placegetter wrote:
I'm guessing the winning barrier stats fall in the "trivial many" part of the program.


I'd have to agree with you on that one - I think a lot of people overestimate the importance of barrier draw and hence you can often get good value bets in the outer barriers (because some people wont bet on it if it is outside say barrier 8 or so). If you are going to consider barrier draw then you MUST look at the layout of the particular track, specifically how far is it from the start point to the first corner - on many track/distance combinations you have quite a long straight before the first corner and this makes barrier position much less important. Also the longer the race the less important the barrier position (in my opinion anyway).

Personally I pretty much ignore barrier position and look for the best value horses - if it is drawn wide you will probably get better odds and it will pay better when it wins!
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  #6  
Old 7th May 2002, 11:51 AM
Placegetter Placegetter is offline
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Puntz,

If you do persist with the winning barrier idea, don't forget to consider the number of runners in each race. Doomben yesterday had a race with only 5 or 6 runners in it, so barriers 7 onwards never got a chance to "win". This could blow out your numbers are fair bit.


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  #7  
Old 7th May 2002, 12:11 PM
Privateer Privateer is offline
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Brumby

Please feel free to email me.

Privateer
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  #8  
Old 7th May 2002, 12:14 PM
Privateer Privateer is offline
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Puntz

The "Sportsman" provides good information particularly in their weekend editions. I can't comment on "Wizard" as I don't use it but I'd suggest you'd find similar good information in that publication.

Privateer
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  #9  
Old 7th May 2002, 09:12 PM
schmucta80 schmucta80 is offline
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gday
this is the first i have head of paretos law, can anyone tell me how i could use this to start a system, it seems to be lost to me at the moment, it has not yet clicked , any info would be much appreciated.
cheers
ps get on mega achiever at the valley tomorrow, its an absolute bird
pps then get on brandy creek ram in the doggies at ballarat
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  #10  
Old 8th May 2002, 07:42 AM
Privateer Privateer is offline
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Schmucta80...It basically means (in this case) that there are statistics that have a considerable bearing on the result of a race and those that have little bearing. The trick is to sort out which is which taking into account that the BEST will be only 20% or so of the overall statistics available.

I've tried to give you a head start with my first post here.

PUNTZ...sorry mate, misunderstood you. I'll do some checking today and see what I can help you with.
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