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Lady Faye Verrit
26 Jan 10 07:07
Joined:
Date Joined: 09 Jul 09
| Topic/replies: 2,464 | Blogger: Lady Faye Verrit's blog
Guys,

I understand that the SR for the first 3 favs combined is circa 65%.

According to a table, that I have seen, the theoretical longest run of outs is 7
(I don't understand how this is calculated)!

What I am trying to work out is what would be the theoretical longest run of wins!
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Report starfish and coffee • January 26, 2010 5:45 PM GMT
I wouldnt even go there...
The chances of the front3 in the betting winning a race is not 65%, it is the the sum of the chances of those 3 particular horses.
The Betfair SP market is very efficient, so you could reasonably take the prices to reflect the theoretical chance.
Thereby the chances of a front3 horse winning in the 8 races of the last flat meeting last year at Doncaster were ..
31.4 55.1 66.4 35.8 56.2 54.0 31.2 34.0

If you have a strategy assuming you have a 65% chance you will definitely come unstuck at some stage. You may go through the card at Newton Abbot in the summer first, but it will definitely happen.
Report beetle • January 26, 2010 5:55 PM GMT
blind alley
Report Lady Faye Verrit • January 26, 2010 10:24 PM GMT
Thanks for that.

Just to qualify.....

I am not , for a second, contemplating the backing of all of the 1st 3 favourites!

On the contrary, my approach is far more lateral, and advanced, than anything so simplistic,
and I am looking at things from a layers point of view!

Just wondering how the formulae, that I mentioned before, were calculated.

Cheers...........
Report starfish and coffee • January 26, 2010 10:27 PM GMT
np
Report starfish and coffee • January 26, 2010 10:40 PM GMT
Didnt quite get what you meant by maximum theoretical sequence, There is no maximum, the chances of 7 successive outs would only be 1 in 1,600 sequences of 7 .. calculated by .35 x .35 x.35 etc
The chances of it happening is .65 so the chance of it not happening is .35
The chances of 10 in a row is about once in every hundred sequences
i.e. .65 x .65 x .65
Report starfish and coffee • January 26, 2010 10:41 PM GMT
(etc 10 times)
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