Betting 360 Podcast - Betting From All AnglesDave catches up with Vince to discuss sectional times and how you can use them to your advantage when searching for betting opportunities.  Vince has revolutionized the sectional times industry by providing truly accurate sectionals on his website DailySectionals.com.au.

In Vince’s vast experience watching, analysing and re-watching race tapes paired with years at the track, he says that consistency is the name of the game when it comes to data flow and tracking sectionals.  Whether you’re a national, state or carnival only punter, having accurate and consistent data for your preferred race type is critical when betting based on sectional time analysis.

Punting Insights You’ll Find

  • The absolute first thing you need to identify in a runner from a sectional times perspective.
  • How a horse’s weight effects their closing speed and how that can affect your punting.
  • Why using position in running can be a flawed metric.
  • The trap many punters fall into with runners going up in distance.

Today’s Guest:

Vince’s Picks:

  • Reliable Man – Take a Closer Look
  • (Update) – Since the recording of this episode, Reliable Man has won at double figure odds but was injured in that race. Learn More

Get the Transcript:

Get the whole transcript here

**Click Here to Read the Transcript**

Episode 001: Dave Talks Sectional Times With Vince Accardi

Welcome to Betting 360, your number one source for horse racing and sports betting insights. Coming around the bend is your host David Duffield, with another expert view to give you the winning edge.

David: Hi, this is your host David Duffield and I’m the founder of Championpicks.com.au and I’m very excited to launch the Betting 360 podcast where we’re going to take a look at betting from all different angles. Today, we start things off with Vince Accardi from DailySectionals.com.au and Vince actually works closely with us in providing the most accurate sectional times that are available. I think we’ve spoken a few times about the official data and just the lack of accuracy and lack of detail there so Vince has basically revolutionized the sectional times industry, and today we get insights from him on how you can use that to your advantage and find some good betting opportunities.

David: First ever Betting 360 podcast and who’s better to kick things off than someone who is almost part of the family here, that’s the one and only Vince Accardi, welcome Vince!

Vince: Welcome, David! How are you on this fantastic day?

David: Going very well, thanks! Really looking forward to having a chat. Now obviously almost all of your work is in reviewing races, you’ve spent half of your life watching videos and doing the digital timing but everyone listening today is a punter so I’d like to get your thoughts on different aspects of the form, just in general terms to get started. How do you think most punters can get the most out of sectional times and your information in particular?

Vince: Well, I tell you, depending on maybe people have different aspects to where they like to punt, some people like to punt nationally or I was generally expecting the main problem in specific states. So the key element when it comes to sectional times is having some consistency of data flow.  Really comes back down to being able to get information from each and every TAB meeting that is conducted in that jurisdiction.

David: We’ve covered before lots of times about the accuracy or the lack of official data so we’re not getting to that anymore detail, but in terms of reading the sectionals ,assuming someone has access to your data or accurate data, what should they be looking for in the sectionals?  Is it horses with the best closing speed that can accelerate? Is early speed just as important? Just give us your thoughts on that.

Vince: Yeah, well, I feel one of the big tools that I’ve learned over a powerhouse use from a sectional times perspective is the profiling, it’s understanding the profile of a horse. Do they like fast pace, slow pace, are they one pace runners? Are they horses that have multiple sprints in their armor? That’s the key aspect that I like to first and foremost hone in on from a sectional time’s perspective. And then of course, from there, it sort of extends itself to getting clarity around tracks. We only recently had a race and we had a situation wherein a major course had all sorts of problems for the first time, if you’re on pace you couldn’t win. At a metropolitan track like Randwick, and it was discovered that when you’re looking at the sectional times all day, there’s a section between the 400 and the 600 metre mark that was several lengths slower and that had a huge impact on horses hitting the line hard. And that makes a big difference about the way you approach your form in a genuine way and whether you should or shouldn’t omit a horse based on that run.

David: Obviously in hindsight that’s easier to asses than live but if you’re betting throughout the afternoon, how can you pick up something like that like a section of the track is a lot worse or maybe the official track rating is different to what it is in reality. How can you pick that up during the afternoon?

Vince: Well how that’s picked up generally is the horses have been timed pretty much straight after each race.  The data flows through and gives you a preamble of how that track’s playing.

David: Right, okay. And so you mentioned the closing speed, the early speed, and multiple runs, what would you consider the most important or do you want a horse that can do it at both ends?

Vince: I definitely love horses that have the capability of producing good sound, solid speed early and have data late to match that performance. They are usually the best mediums of horses to follow into future races.

David: Do you think that, I know you’ve mentioned before about the sweet spots in a race and where that typically is? Could you explain in a normally run tempo, where do you think the sweet spot is? And also how the sweet spot changes depending on the race pace?

Vince: Yeah, there are a number of variables. When there’s pressure, and I’m not saying super pressure, but good sound, solid speed, where probably more than half of the races are run at that pace. The ideal position is like an elastic band and that elastic band that I usually have is it is somewhere not further back than about six lengths but the optimum position is between 5 and 6 lengths from the lead pace approaching the 800.  That’s the optimum position. Most runners, win the race from that position, when there’s accurate solid pace on. Now when there’s a different type of tempo with that sort of speed, like a good example would be, what we’re starting to see a lot of up the straight.  Those 1100, 1200 metre races, years ago were just jumping, burning the turf and generally all going to the outside or inside. Nowadays, they have a tendency to run right at the middle of the track, but what they’re doing is, they’re sitting and sprinting. They’re running their first quarter or half race at a moderate tempo, usually on benchmark standard or just below the standard, and then using a sprint home. In those situations, anything further back than two lengths, you’re in a lot of trouble and you have to be an absolute superior horse to be able to come out of the top of them because it’s like a massive handicap. Usually people talk about handicap if a horse has got 52 kilos and the other one’s got 58 kilos…there’s a 6-kilo turnaround. Well, if you’re four lengths back in a sit and sprint race from the lead group when you approach the 600, that’s like having a 6-kilo weight penalty.

David: Okay, so in talking about on-pacers and forgetting any other track conditions or the type of the course, if you’re looking to back a leader or join the pace of the race, do you want them to go slow and stack them up, do you want them to set a moderate tempo, or do you want them to go at a fairly good pace and break their hearts chasing?

Vince: Well, see, that’s another really interesting point, and a good point too, David. When we see situations with horses that are rolling front runners, of course, I love horses that run on speed as well, but on speed with a caveat. The caveat is understanding the profile of that particular runner because if they go to the lead and they are a one-pace runner, and they go at a moderate tempo, most of those horses get beat.  Because what will happen is when they get to a sprinting stage which usually takes place anywhere between the 800 and the 400 metre mark, what happens then, is those one-pace runners that just sort of cruise at one particular speed, if they don’t have enough break in the field, they’ll usually get run down because they don’t have a sprint; they don’t have gears.

David: So in some races, jockeys are congratulated for stacking them up but in a lot of circumstances, unless the leader has a really good kick, that won’t necessarily suit the on-pace runner that is a grinder or has a higher cruising speed than the rest.

Vince: Absolutely! That’s definitely the case and many times, yes, jockeys congratulate for their brilliant riding tactics but it depends, it depends whether they’ve been fueled by another runner or not. If they’re completely left alone, the jock is usually the genius because if left alone, they sort of roll along in their own pace. They know what sort of runner they have underneath them sprint-wise and they’re usually too good.  But if they’re fuelled, and the jockey still wants to hold that lead position, then there’s a real issue with whether the jockey has made the right move or not.

David: Well, what about back markers, they’ve got plenty against them in a normal scenario but what circumstances suit them?  Is it a fast pace where the leader’s puncture? Is it a slower pace where they don’t have as much ground to make up? When would you look at a backmarker as being advantaged?

Vince: Well this is the situation now, this is a real big challenge and many people would say look at the race speed, we just look at that early speed section, and we don’t really pay as much attention to the middle part of the race or the late part of the race.  Generally it’s not easy to get that kind of information. It’s not that people don’t it though because I’m sure there are some elite players that use those tools. So what happens is this: if a back marker has fallen six lengths off the speed, they can still win if there’s good speed, but if it’s a big field and the back markers are 15 lengths off the speed, well then they virtually have no change. We typically see a horse and think, but he was ninth in running so that means he was a backmarker but he might have only been 5 lengths off the speed.  Well, that’s a winning position still, if there’s good speed. That’s probably a great spot to be! But if you’re a backmarker and you’re running ninth of 12 horses, and you’re 14 lengths off the speed well then you have no hope.

David: Even if it’s a cracking pace?

Vince: Even if it’s a cracking pace, you’re too far back. Very few horses make it that far back and they’re probably the worst betting medium. So the definition of backmarker really needs to have, it needs to be bracketed with a real serious understanding of what that terminology means. Backm marker in which respect? How many lengths from the lead pace are they at the 800, that’s what I call a backmarker.

David: That’s really interesting because I’m sure most people would look at positions in running in assessing back markers but you’re saying it’s really lengths behind the leader that’s a better indicator.

Vince: Absolutely, that is the key indicator.

David: Well, just talking about overall times or sectional times. Obviously, a fast time is an indication of a good quality horse but the last start performance say a slow time doesn’t necessarily mean that the horse is a poor quality. Do you want to just talk about the circumstances of that and why you shouldn’t just put a line through a horse if it hasn’t run time last start?

Vince: Yeah, that’s a great point! Many people fall into the trap of following; they see a really fast last 200 or the last 400, saying ‘Wow, I wanna be on that!’ A perfect example is Black Caviar’s very last race day. Its last 200 metres was only 12 seconds. That’s half a second slower than a number of other runners on the same day! Would you look at that horse and say, ‘Ah, jeez it’s not that good?’

David: Absolutely not.

Vince: So what happens, when you look at the horses that run at a slow early pace, they generally run really fast late sectionals. Now, if I they don’t, that’s when we fall into the range of mediocrity for horses.  When there is a slow pace, that’s when I look for really sharp closing data. If they don’t show sharp closing data, then I have to think twice about how strong is that race, really.

David: Alright. In terms of distance changes, I know yourself and Rick in recent times I’ve seen quite a few occasions where you’ve potted a horse that’s going up in distance that you think would be suited because it has a finishing burst.  But the data suggested that the finishing burst won’t be there over the longer distance. How can people assess that for themselves or what should people be looking for in terms of sectional times and backmarkers with strong finishes going up in distance but unlikely to be suited by that?

Vince: I think a perfect example is one that we’ve just seen recent times with a horse called British General as it presented itself in the last couple of weeks in races with a distance of 1600 metres. It’s typically being racing at distances of 1400 metres or below.  And yet that horse is very firm in the market as a real key chance. When you look at its data, the things that you need to look for is that horse is an aggressive horse in a sense that it can be really tactical when positioned in a forward spot.  Regardless of how fast or slow they go, it’s that type of horse. And the way you typically identify that is by bench marking. When I say bench marking, I’m talking about bench marketing in such a manner that you can use it in a form regardless of distance and bring it back to a normalized state. So what happens is when you start seeing deteriorating data late, that’s the first sign of a horse potentially not being able to get distance.

David: You see that quite often where the market doesn’t take into account the change in distance well enough. It’s a fancied horse but based on your data, it’s highly unlikely to get the trick.

Vince: Yeah, and this is one of the real big quandaries of understanding that relationship. Many people, yes, they do fall into that trap because when you look at the set of ratings, the ratings don’t always typically give us clarity in that area and I’ve always felt that that’s probably one of the areas where you need that assistance from sectional times to rate a runner. You need that assistance from sectional times to give you clarity about a horse’s true capability over a distance. What happens is, the softer the data late, the less likelihood are they of running the distance but also the market place sometimes thinks “He was so emphatic over 1200 that he won by three
lengths.  He should easily get for the 1400.” And yet, what probably they may not have taken into consideration is that horse is just a supreme 1200 metre horse and when you extend that to 1400, it doesn’t have the data to match that because to make a runner go another 200 metres when they’ve been racing in a particular speed, it’s very difficult to do that.

David: The reverse can be true as well can’t it? Where you’ve got a horse who’s an on pacer going up in distance and some people might think that it’s gonna get tired late. But in actuality what happens is the reduced pace or reduce exertion from a longer distance race means you’ve still got something left in the end and they could get the trip.

Vince: Very, very true, David, there’s a number of races where horses are stepping up like particularly from 1600 metres to 2000 metres and even sometimes from 1400 metres to 1600 metres. The race pace can change dramatically and those front running horse can conserve 4, 5, or 6 lengths of energy through that first half of the race and that’s absolutely vital for them to be able to finish off late.  That is why you see a number of horses that step up in distance and actually get the trip because they conserve that abundance of energy.

David: So let’s finish this up by talking about acceleration I know it’s a key component in identifying decent quality animal. What are you looking for, whether it’s from the 800 to the 400 or 400 home? What are you looking for in terms of acceleration to make you say this is a good quality horse?

Vince: I’m always looking for acceleration. I love a horse who has what’s called the hidden fractions. So we can clearly articulate their sprint capabilities. I love it when it see it mid race as much as I love it when I see it late.  When I see it mid race, a huge burst of speed, whether it’s a span of 200, 400, or 600 metres, what it shows me is it shows me how forward and how well that horse is traveling. There are so many great opportunities when you can identify that in a runner.

David: What about weights. You’ve got some punters that swear by them and some who just ignore them totally. What is your take on weights and how it affects the horses’ ability to accelerate?

Vince: There’s no data that the weight does have an impact on the acceleration of horses. It’s like when they go from 55 or 56 kilos and all of a sudden they gotta carry 58 or 59 kilos, it does impact the sprint. Of course it’s dependent on the distance and dependent on other qualifications. I see it a lot less obvious when a horse is carrying 52 or 53 kilos to like 55 or 56 kilos but it’s a lot less obvious when there is a big shift in the weights. When horses are up high in the weight, 58 or 59, I notice that it impacts their speed and it’s very important that they’re not over exerted early. Not so much over 1100 metres, but once we start getting up to 1200 plus range, it does play a role.

David: Exactly. Now we know you’re not a tipster per se and you don’t exactly market yourself in such a way but has there been any horse recently that has caught your eye. As you say you spend many hours every day watching videos many times over and getting the data goes along with it. Any horse in particular that stands out and you’re keeping an eye on?

Vince: I guess there’s been a number of horses that have sort of caught my eye. I guess in most recent times for races that are coming up I’ve seen a couple of tremendous horses that have some
distance capabilities that are very new to the country. I think one of them is called Reliable Man if I’m not mistaken, who raced in one of those really good quality races and shows some tremendous data very late. It was a clear indicator that not only was a horse sort of giving out of condition but also showing that it needs a lot more distance and once that horse sort of steps up to that kind of 2000 metre range, I think we’re gonna see a really high level group one horse.

David: We’ll definitely keep an eye on that one and I know it’s not your core business so we’ll leave it there for now.

Vince: Fantastic.

David: Thanks so much for coming on the show as our inaugural guest, you always remember your first.

Vince: Thank you so much and I’ve had such a fantastic journey and all I can say is Champion Picks have definitely demonstrated the last couple of years, what a great outfit they are. And for people that are looking to, that have limited time and want their form done for them, what a great place to go!

David: Appreciate that and we’ll also link out to Daily Sectionals in the show notes for this. Thanks again for your time and all the best!

Vince: You’re welcome. Thank you, David.

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2013 Ashes Preview

by darryn on April 30, 2013

Please note this is a guest post by Steve Turner and is not connected in any way with Champion Profits.

The Australian Cricket team has been selected and contains six Batsmen (I use the term loosely), 2 keepers, 6 pace bowlers, 1 spinner and 1 all rounder who hates to bowl.

Whilst our pace bowling looks like it may cause a few problems for the Poms, our batting and keeping are of such poor standards that I can see nothing but a commanding English victory. And it hurts to say that.

Warner will finally be exposed for what he is. A slogger with poor shot selection and even worse footwork. If England employ a 3rd man, ive no idea where he will score runs. I expect this will be his final tour.

Cowan is solid, but dour, and he instills zero confidence that he will ever get “on top of” an attack

Now Chris Rogers, 35 and a 1 Test veteran. This guy can bat, if only he was given the same amount of chances as some of these hacks, he would have been an integral part of this team by now. He must open, but wont, so his value is lessened no end. If they dont play him’and he watches from the dressing room, we wont last past 3 days.

Clarke, The Dip. Best bat in the team. However, coming it a 3/20 tends to get a bit annoying. He is not the best at genuine pace and swing. I can see him struggling, so imagine the rest.

Watson. Must open, and replace Warner. Wont happen, so he will be as useful as me in this team.

Khawaja, the only 12th man batsman in history for more than 1 Test. I started watching this great game in the late 70′s, when no matter what the 12th man was always a bowler. Same with every other nation. When did we change? Bizarre!

This guy must play, we don’t have many batsman so he must be in the first Test at 6. I remember as clear as day in any grade you care to name, new batsman always came in at 6. Why they have decided that this time honored tradition should change is beyond me. We all saw how they crucified Quiney last year. I mean, if you want to destroy a career, just pick a debutant at 3 and play him against the best pace attack in world cricket.

Hughes, wouldnt make my 3rd team. If they have a 3rd man, he cant score. If they introduce spin (and they will) he will get out before you finish your next drink. Sad but true, and what’s worse, he WILL play.

So there are our batsman with an all rounder. Now if they try to play either Wade or Haddin in the top 6, well lets just say we will get our money faster. They are both poor glovemen and get worse over the stumps. I admit they can bat a little, but they are both very much hit or miss and after they drop 3 catches and miss 2 stumpings even a double hundred wont help.

Simply put, we dont have enough batsmen and the ones we do have aren’t up to this English team.

I dont feel like its a repeat of the 1989 Ashes squad. I remember that tour, in my time, we had never beaten the ‘old Dart” It was to be a dream fulfilled to watch us win 4-0. The thing to remember from that tour, is although a young team, and a team written off we were lead by a great, Alan Border. Another great was there also Steve Waugh. Our best keeper since since Grout in Ian Healy. Mcdermott and Alderman to terrorize and a handful of some above average cricketers in Mark Taylor, Dean Jones, and Geoff Marsh. There is not the same class in our current squad. We may bowl well at times and dismiss England cheaply in the right conditions. But they will dismiss us for less, our batsman will not cope with the swinging ball.

Suggested bets
3 Units at $8.00 on 3-0 result
2 Units at $11 on 4-0 result
1 Unit at $15 on a 5-0 whitewash

3 comments

Weekend Racing Review – 27th April

by Admin on April 29, 2013

Randwick review compiled by Todd Burmester

Race 1

1st            Usanity               Hugh Bowman
2nd          Honorius           Michael Rodd
3rd          Kingdoms           Craig Williams

A pretty good start in the first, with Toydini sent out a very short priced favourite.  Laser Flash worked around Cameo to go to the front, and they slowed the speed.  Toydini got back to last, in what looked like a deliberate move to continue to teach the horse to stay.  At about the 600, those at the back started to get moving, with Toydini being the widest for home.  Laser Flash led for home, with Usanity getting the inside run to come after it and claim the lead soon after and go on for a pretty solid win.  At the 200m, Toydini was trying to make ground down the outside, but was making heavy weather of it, with Honorious coming home better than it.  I still think Toydini is on track for the QLD Derby, and this was a good lead up for the 2400m down the track.  Kingdomsworked home well, but was a bit green again in the straight. (Click to continue reading…)

1 comment

The profitability equation

by Admin on April 26, 2013

Profitability is the holy grail of punting. It is what everyone strives for, yet struggles to achieve.

How are long term profits generated? Because a boost to your betting bank is the end result, but how did you get to that stage in the first place?

Here is a very simple yet powerful equation:

Profitability = Reality – Perception

So profitability is the difference between reality (what actually happens) and perception (what the market expects to happen).

Odds of $5 represent a 20% winning chance, which means the only way to achieve profitability at those odds is to win more than 20% of your bets.

Or you can look at it another way using a standard coin toss.

We know that in the long run a fair coin will come up 50% Heads and 50% Tails. But assume for a moment that the public perceived Heads as a better bet so it was priced at $1.90 and Tails was $2.10.

So the difference between the reality (Tails will win at 50%) and the perception (odds of $2.10 represents a 47.6% probability expectation) is the profitability.

The only way you can succeed as a punter is by finding pockets of value. You must identify whatever is undervalued by the betting market relative to its positive effect on performance.

The typical form factors that are widely published and understood are highly unlikely to be a source of consistent profits because their importance and influence is already ‘baked into the cake’. So being a last start winner, or drawing a ‘good’ barrier, or coming from a strong stable, or having the best winning strike-rate are (in isolation) not valid reasons to be backing a horse. You will back your fair share of winners, but you won’t be making any withdrawals from your bookie.

We have busted quite a few myths over the years and they can be a good starting point for further research in finding the pockets of value that produce profits. Just a few examples of under-rated (and therefore potentially profitable) factors to get you started:

(Click to continue reading…)

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Weekend Racing Review – 20th April

by Admin on April 22, 2013

Randwick review compiled by Todd Burmester

Race 1

1st            French Gift                          Alex Stokes
2nd          Above All                            Peter Robl
3rd           Piazza San Pietro              Tommy Berry

Studio began well from its outside gate, so although it was advised it would be ridden back, Rawiller went to the front the first time out of the straight from Above All, with Coup Acclaim getting the run on the fence behind the leader. Tunes was trapped three wide and eventually moved up outside Studio. The pace quickened a bit by the time they were at the 800m. By the 600m, those from the back were starting to come into it, which mainly included Saintly Sun and French Gift. Above All struck the front around the turn, with Studio the first horse beaten. After they topped the rise, French Gift was the one finishing off best and went on to beat Above All, with Piazza San Pietro finishing off ok for third. Doubt there is a lot of form to follow here. (Click to continue reading…)

1 comment

The bridge between failure and success

by Admin on April 18, 2013

Rather than stats, sectionals or form analysis this week I’d like to discuss two absolutely essential personal traits required if you are to succeed as a punter.

They can teach you lessons the hard way, but will help you achieve the results you want.

They can make you disappointed or angry, but you’ll be a better punter because of them.

I am talking about honesty and discipline.

Discipline is the bridge between your punting goals and achieving them. But without honesty you won’t even be able to find the bridge in the first place.

Most punters who suffer through another losing run blame their results on bad luck, or pass the blame on to somebody or something else. Obviously that is a far easier option than being brutally honest about your results and taking complete ownership of them. (Click to continue reading…)

3 comments

Weekend Racing Review – 13th April

by Admin on April 15, 2013

Randwick review compiled by Todd Burmester

 Race 1

1st              Safeguard                    Kerrin McEvoy
2nd            Everage                        Nathan Berry
3rd            Diamond Oasis           James McDonald

Il Cavallo off the back of a strong win at it’s first start was sent out a very short favourite in the first.  He missed the kick slightly and had to muster up along the fence, which he did and ended up sharing the lead.  This left Divine Calling outside of it and Iconic caught three wide.  Back in the second group Zaba Zaba Doo was also caught wide, and pushed even wider on the turn for home.  Il Cavallo led for home but was soon in trouble with Divine Calling claiming it, and Everage joining the pair.  Safeguard which had settled well back ran up behind them looking for a run and when it came, he sprinted well for a strong win.  You get the feeling he is a horse of the future.  Il Cavallo might be worth another chance despite its seemingly terrible run here.  Everage ran well. (Click to continue reading…)

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‘This horse is great value at those short odds’ is not a phrase you hear very often at all.

However if racing pundits had a better grasp of the favourite/longshot bias then a saying like that might actually become more prevalent.

That is because it has been proven over many years that as odds increase, returns decrease.

Longshots are overbet, while favourites are underbet.

Many punters assume that horses hard in the market are unlikely to be good value, but that is an incorrect assumption because favourites are clearly the best betting propositions and have been for more than half a century.

Psychologist Richard Griffith is credited with identifying the favourite-longshot bias, and published his findings in the American Journal of Psychology in 1949.

Economist Jack Dowie studied almost 2800 UK horse races in 1973 and it showed that you would have made a profit by backing all horses that were well into the red. (Click to continue reading…)

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Rosehill review compiled by Todd Burmester

Race 1

1st        Lights Of Heaven             Luke Nolen
2nd       Hoylonny                          Jim Cassidy
3rd        Said Com                           Dwayne Dunn

On the day of days for Sydney racing, Golden Slipper day, The Neville Selwood Stakes got things underway. Hoylonny went straight back to last again today, which I think was by design as he seems to finish off better this way. Why Not rolled straight to the front from the inside, with Single working around to second. This gave Lights Of Heaven the run of the race in third and the race looked to be in her keeping a long way from home. Nothing made a move until inside the 600m where Luke Nolen started to move up three wide on Lights Of Heaven – She was well supported in betting an asserted her class in the straight. Hoylonny was ridden as he has been previously to make ground on the inside and did his best, as did Said Com who chased Lights Of Heaven to no avail down the outside. Hula Lua went ok in fourth, and Strike The Stars ran on down the outside. Single is not racing all that well at this level. (Click to continue reading…)

0 comments

Elihu Feustel is a professional gambler who uses mathematical models to win atsports betting. The co-author ofConquering Risk: Attacking Vegas and Wall Street’ is renowned for his expertise in bankroll management and his recent ESPN Behind The Bets podcast was fascinating listening.

I have summarised the highlights below:

The general rule of sports betting is the more you can bet, the more difficult it is to beat.

One of the biggest problems you have in assessing sports is just having the data. But if I have enough data and it’s a small market then there’s really no way I can lose.

Anytime you try to make an adjustment to a number that is based on opinion, you’re playing with fire potentially. But if you can come up with a way to quantify any adjustment you’re going to make in my case that always works better than doing it subjectively. (Click to continue reading…)

2 comments