New Posts For Thread: Stats- an untrustworthy guide to future events or the Holy Grail?https://community.betfair.com/general_betting/go/thread/view/94082/29755741/stats--an-untrustworthy-guide-to-future-events-or-the-holy-grailComing at this from mainly a horse racing perspective but sure it's applicable to all sports....from experience, do people feel that stats give you a real edge in that they are often replicated year on year or is the truth that they are mainly randomWatch the Southwell results tomorrow to see what I mean as this is a specialist track because of surface material and so little recent form at this track is available so it will be very revealing and interesting.https://community.betfair.com/general_betting/go/thread/view/94082/29755741/stats--an-untrustworthy-guide-to-future-events-or-the-holy-grail?post_id=528769121#528769121Watch the Southwell results tomorrow to see what I mean as this is a specialist track because of surface material and so little recent form at this track is available so it will be very revealing and interesting.Mon, 04 Feb 2013 18:22:33 -0600DFCIRONMAN • February 2, 2013 2:56 PM GMT Depends on the type of betting strategy you opt for.Some say 10,000 races.....others say a few hundred.....IMO 1,500 to 2,000 races is enough to indicate whether your ratings operate to a high standard orhttps://community.betfair.com/general_betting/go/thread/view/94082/29755741/stats--an-untrustworthy-guide-to-future-events-or-the-holy-grail?post_id=528769079#528769079DFCIRONMAN • February 2, 2013 2:56 PM GMT Depends on the type of betting strategy you opt for.Some say 10,000 races.....others say a few hundred.....IMO 1,500 to 2,000 races is enough to indicate whether your ratings operate to a high standard orMon, 04 Feb 2013 18:20:31 -0600Indeed statistics are good tools but like most things it's how you use the tools that really count. If I played Federer with a a top quality racket I would obviously lose rather spectacularly, however if I used that racket to break both his legs, I thttps://community.betfair.com/general_betting/go/thread/view/94082/29755741/stats--an-untrustworthy-guide-to-future-events-or-the-holy-grail?post_id=528763631#528763631Indeed statistics are good tools but like most things it's how you use the tools that really count. If I played Federer with a a top quality racket I would obviously lose rather spectacularly, however if I used that racket to break both his legs, I tMon, 04 Feb 2013 14:56:54 -0600Definition of INFORMATION1: the communication or reception of knowledge or intelligence2a (1) : knowledge obtained from investigation, study, or instruction =================================================Statistics provide information that can helphttps://community.betfair.com/general_betting/go/thread/view/94082/29755741/stats--an-untrustworthy-guide-to-future-events-or-the-holy-grail?post_id=528762527#528762527Definition of INFORMATION1: the communication or reception of knowledge or intelligence2a (1) : knowledge obtained from investigation, study, or instruction =================================================Statistics provide information that can helpMon, 04 Feb 2013 14:26:12 -0600What does 'inform results' mean? And what can 'inform results'?https://community.betfair.com/general_betting/go/thread/view/94082/29755741/stats--an-untrustworthy-guide-to-future-events-or-the-holy-grail?post_id=528750567#528750567What does 'inform results' mean? And what can 'inform results'?Mon, 04 Feb 2013 06:59:34 -0600Results inform statistics, statistics do not inform resultshttps://community.betfair.com/general_betting/go/thread/view/94082/29755741/stats--an-untrustworthy-guide-to-future-events-or-the-holy-grail?post_id=528749411#528749411Results inform statistics, statistics do not inform resultsMon, 04 Feb 2013 05:52:49 -0600300 is an ample amount imo .Specialise in horses where the average man knows "zip all" about .eg 2YO only - 3Y0 only - horses that need a fast pace - etc etchttps://community.betfair.com/general_betting/go/thread/view/94082/29755741/stats--an-untrustworthy-guide-to-future-events-or-the-holy-grail?post_id=528715955#528715955300 is an ample amount imo .Specialise in horses where the average man knows "zip all" about .eg 2YO only - 3Y0 only - horses that need a fast pace - etc etcSun, 03 Feb 2013 03:36:12 -0600Depends on the type of betting strategy you opt for.Some say 10,000 races.....others say a few hundred.....IMO 1,500 to 2,000 races is enough to indicate whether your ratings operate to a high standard or not.Trouble is not many people have the timehttps://community.betfair.com/general_betting/go/thread/view/94082/29755741/stats--an-untrustworthy-guide-to-future-events-or-the-holy-grail?post_id=528694853#528694853Depends on the type of betting strategy you opt for.Some say 10,000 races.....others say a few hundred.....IMO 1,500 to 2,000 races is enough to indicate whether your ratings operate to a high standard or not.Trouble is not many people have the timeSat, 02 Feb 2013 08:56:27 -0600How many is "many,many races" ?https://community.betfair.com/general_betting/go/thread/view/94082/29755741/stats--an-untrustworthy-guide-to-future-events-or-the-holy-grail?post_id=528694449#528694449How many is "many,many races" ?Sat, 02 Feb 2013 08:41:04 -0600If you have the "Holy Grail", then you will have so many STATS that support you having it ! However, you still have to decide which betting strategy to take when you have so many options available A "Holy Graill" system of rating races will use factohttps://community.betfair.com/general_betting/go/thread/view/94082/29755741/stats--an-untrustworthy-guide-to-future-events-or-the-holy-grail?post_id=528693849#528693849If you have the "Holy Grail", then you will have so many STATS that support you having it ! However, you still have to decide which betting strategy to take when you have so many options available A "Holy Graill" system of rating races will use factoSat, 02 Feb 2013 08:24:08 -0600