What's your ROI? - Pace and Cap

alydar_ David · 01-07-2013, 08:48 AM

How many people keep betting records? Not too many, I daresay.

I break mine down into separate categories. This lets me know what's working and what isn't.

For example, 25 years ago my best return on investment was on non-state bred Maiden Special Weight dropping down to Maiden Claiming for the first time, providing it was beaten less than 13 lengths at all points of call last race.

Another one that used to be good was simply betting the best last out Beyer number when they were only available from BRIS. That evaporated as soon as they were published for the general public.

For me it's helpful to see how I do in different categories. For example, my "bomb" play wins at only 9%, but has an ROI of 1.11 or put another way a dollar net of $3.11. I know this works so I'll stick with it for 2013.

And my "Can't lose unless the jockey falls off" picks win at 54% picking one horse to win with an ROI of 1.19.

I also keep track of turf bets, how I'm doing by track, etcetera.

By doing an objective evaluation of where your strengths and weaknesses lie you can increase your profits, or at the very least minimize your losses.

For example, if you stink at $5,000 Claimers, stop betting them. If you're great at $25,000 claimers then bet more on them than you have been.

Nobody likes to do a brutal self-analysis, especially if you're losing. However, maybe you can turn losing into winning by concentrating on the areas where you excel.

It's a new year. If you start keep track of your betting on a daily basis it's really not all that painful.

I suspect not too many people will do this though.

01-07-2013, 08:48 AM	#1
alydar_ David Grade 1 Join Date: Jun 2005 Posts: 2,654	What's your ROI? How many people keep betting records? Not too many, I daresay. I break mine down into separate categories. This lets me know what's working and what isn't. For example, 25 years ago my best return on investment was on non-state bred Maiden Special Weight dropping down to Maiden Claiming for the first time, providing it was beaten less than 13 lengths at all points of call last race. Another one that used to be good was simply betting the best last out Beyer number when they were only available from BRIS. That evaporated as soon as they were published for the general public. For me it's helpful to see how I do in different categories. For example, my "bomb" play wins at only 9%, but has an ROI of 1.11 or put another way a dollar net of $3.11. I know this works so I'll stick with it for 2013. And my "Can't lose unless the jockey falls off" picks win at 54% picking one horse to win with an ROI of 1.19. I also keep track of turf bets, how I'm doing by track, etcetera. By doing an objective evaluation of where your strengths and weaknesses lie you can increase your profits, or at the very least minimize your losses. For example, if you stink at $5,000 Claimers, stop betting them. If you're great at $25,000 claimers then bet more on them than you have been. Nobody likes to do a brutal self-analysis, especially if you're losing. However, maybe you can turn losing into winning by concentrating on the areas where you excel. It's a new year. If you start keep track of your betting on a daily basis it's really not all that painful. I suspect not too many people will do this though.