Seven selections didn't hit the line first on Monday pushing August closer to the 80% mark for the month.
A quick method to gauge your return against the amount of events you play is to take the profit on a period and divide it by the number of plays during that time. This figure has nothing to do with ROI or strike rate. It has more to do with 'time spent' either researching and/or trading.
It simply says that I made a profit of X pounds over Y amount of events (regardless of the amount risked or the outcome).
This could be extended to include trades. I tend to count 'events' so that if I back or lay a horse AND trade on the race as well, the figure of profit or loss is for the 'event' rather than breaking it down.
Right now, for 'weak faves', my return per selection is around 30% less than July. This is the result of the strike-rate down by just over a percent while, at the same time, the average BFSP of horses that won in August is 3.80 so far compared to 3.60 in July.
August, I am averaging 6.6 selections per day while in July the average was 5.5.
Though the differences aren't enough to change my approach, by setting out these parameters, I feel I can see at a glance how effective my strategies are and how to focus my time.
Improvements will come as I have enough data on where the 'weak fave' approach is most effective.
WEAK FAVES FOR 15-AUGUST
Selections based on the quality of the fields in their previous races
Strike rates:
Beverley: 2 meetings: 2 for 2 (100%)
Salisbury: No selections to date
BEVERLEY
3:15 Bogsnog
3:50 Fear Nothing
4:25 Kalk Bay
SALISBURY
4:40 Monopoli
If there are selections for KEMPTON and/or SOUTHWELL, they will be posted by 4:45
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Owen