Auto paceline templates /Betting real money testing it

[BJennet]

Originally Posted by tfm

what is this ROI? how well do the good professionals do?

tfm,

You seem like a sharp guy, and I thought you might be a pro, so I thought this question might be a put-on. But if not, ROI is return-on-investment, or some might just call it your edge. As you suggest the issue of ROI and the definition of a professional gambler are two separate things. I guess you could describe a pro as anyone who derives all or the largest part of their income from gambling. In a sense, it doesn't matter how high your ROI is, but obviously it must exist. I've mentioned Ernie Dahlman, a horseplayer who makes in the neigborhood of $750k with a 3% ROI + rebates. The average blackjack pro has only a 1% ROI, but this doesn't stop a number from making low six figures. Re the names of horseplayers I mentioned, all were Sartin players (even Mitchell used the figures) who averaged in the area of 25-30%, and were professionals for a number of years. I've known other talented players in this same general zone, and as I said, Benter's ROI performance has been documented in the same range. So when I said 'good' this is my own estimate of what is possibly the high range of professional play. Certainly, it's not easy to achieve. But obviously, it's possible to make excellent money with a lower ROI, and this was my main point for Richie. His performance so far is still very good, well within the range of profitable play, and that he has no reason to be discouraged.

Cheers,

B Jennet

[BJennet]

Originally Posted by Bill V.

I know you guys are right. I know Ted is brilliant and I know I should shut up
but I know my friend best

and I don't want to see him discouraged

Unfortunatly there is no Doctor Sartin to speak
to us about a "bad head"

Hi Bill,

I don't post here that often, but that doesn't mean I and the others who post here, don't appreciate the work that you and Richie have done on this site, and that includes this project of his. I agree with you that Richie should not continue with this if it's going to make his life more stressful. And I gather that he has a number of much higher priorities in his life. But the point of some of my posts, which is also made by Ted and others, is that even if he takes a break now, he should not abandon the results of this research because he thinks it's not successful, because, from any rational point of view, it has been successful. Possibly he can pick it up at a later point, when he's more rested, or simply wait until Ted has finished his software update, which would greatly cut down on his labor. Of course, it's all up to Richie. And I think when we read your posts, we realize Richie is lucky to have a friend like you.

Cheers,

B Jennet

[tfm]

Originally Posted by BJennet

tfm,

You seem like a sharp guy, and I thought you might be a pro, so I thought this question might be a put-on. But if not, ROI is return-on-investment, or some might just call it your edge. As you suggest the issue of ROI and the definition of a professional gambler are two separate things. I guess you could describe a pro as anyone who derives all or the largest part of their income from gambling. In a sense, it doesn't matter how high your ROI is, but obviously it must exist. I've mentioned Ernie Dahlman, a horseplayer who makes in the neigborhood of $750k with a 3% ROI + rebates. The average blackjack pro has only a 1% ROI, but this doesn't stop a number from making low six figures. Re the names of horseplayers I mentioned, all were Sartin players (even Mitchell used the figures) who averaged in the area of 25-30%, and were professionals for a number of years. I've known other talented players in this same general zone, and as I said, Benter's ROI performance has been documented in the same range. So when I said 'good' this is my own estimate of what is possibly the high range of professional play. Certainly, it's not easy to achieve. But obviously, it's possible to make excellent money with a lower ROI, and this was my main point for Richie. His performance so far is still very good, well within the range of profitable play, and that he has no reason to be discouraged.

Cheers,

B Jennet

I was merely inquiring what the ROI was of the players you mentioned.

[JimG]

Richie,

After a bad day, it is human nature to want to tweak or quit what you are doing. Ask me how I know...LOL

I know nothing of your method, but did look at the results Ted posted and would strongly encouage you to keep it up. Getting in the hole and catching a $20 horse now and again sounds like you may be onto something good (I mean that!!). If winning on 4-1 shots and less were the way to go there would be a bunch of idiots at your local otb's winning instead of asking YOU whodoyalike?

Jim

[RichieP]

Thank you everyone for their feedback. It is greatly appreciated and I HAVE learned from the replies so that is a great bonus.

I have stopped the "do all of them or do none of them" theme I was using for NOW. Hopefully Ted's template will let me resume this testing at a greatly reduced workload.

It would also allow testing my template on other race types beside the layout I showed here.

The result attached here shows a huge winner I had ranked TIED for third on Bl/Bl 2 nights ago at the Mountain. Problem is the race type is DIFFERENT from the ones I had been exclusively looking at and betting (check the race conditions and compare to what I laid out earlier and you will see what I mean ok?)

For clarity I did not bet the horse (nor any horses for that matter).

THIS type of stuff/exploration is what I am hoping the auto paceline template will be able to deliver at a greatly reduced mental/physical workload.


I had a great talk with both Bill and Ted yesterday and that's always nice!

I am now looking into results for the month from a couple of different angles. I am also reminded of a key word needed for success especially in todays racing environment:

Patience
http://www.youtube.com/watch?v=pEzuC5UoM8g&feature=fvst

Again thanks everyone for the feedback/suggestions and the very best of luck/skill at the windows

For your listening pleasure!
http://www.youtube.com/watch?v=jU0b_...5EF941&index=5
http://www.youtube.com/watch?v=bpww0...5EF941&index=3

[RichieP]

The opposite of all this "auto" stuff is the quote attached here by Barry Burkan in his article "Finding Logical Longshots" found in Followup #4 in the new library.

**Sidebar**
Pirco Charter member Bob Cochran has penned an article in Followup #6 called:
"Take Responsibility" that imo is a must read for everyone(are you listening RichieP?) Thanks Bob!

Here is Mr. Burkan's quote from his piece

[Ted Craven]

Here is that article by Bob Cochran from Follow Up Issue #6

Take Responsibility for Yourself

Excerpt:



Article continues...

[gl45]

Pizzi,
Add this to your template....who knows.......
Only MNR and only the following classes:

C5000
C5000NW26M
C5000NW16M
C5000NW3Y
C5000NW2Y
C5000NW1Y
C5000NW4L
C5000NW3L
C5000NW2L

The spreadsheet reppresent the results of win and place since 10/3/2008 at 5.5f, 6f, 8f for the angle "A"

[gl45]

Pizzi,
btw, I forgot to tell you that last night at MNR the winner of race #1 was an "A" with "FDK", Form Darkening plus other goodies....let me get out of here b4 I get yelled by Ted

-----------
Pino: no question of yelling at anyone - I want to try to keep Topics in the RDSS Forum on a coherent theme. I moved several posts related to Angles to this new Topic in the Handicapping Forum: http://paceandcap.com/forums/showthread.php?t=6275

You are welcomed to start a Topic in the RDSS Forum on Angles if it relates to RDSS.

Ted

[BJennet]

Originally Posted by RichieP

Thank you everyone for their feedback. It is greatly appreciated and I HAVE learned from the replies so that is a great bonus.

I have stopped the "do all of them or do none of them" theme I was using for NOW. Hopefully Ted's template will let me resume this testing at a greatly reduced workload.

It would also allow testing my template on other race types beside the layout I showed here.

The result attached here shows a huge winner I had ranked TIED for third on Bl/Bl 2 nights ago at the Mountain. Problem is the race type is DIFFERENT from the ones I had been exclusively looking at and betting (check the race conditions and compare to what I laid out earlier and you will see what I mean ok?)




For clarity I did not bet the horse (nor any horses for that matter).

THIS type of stuff/exploration is what I am hoping the auto paceline template will be able to deliver at a greatly reduced mental/physical workload.


I had a great talk with both Bill and Ted yesterday and that's always nice!

I am now looking into results for the month from a couple of different angles. I am also reminded of a key word needed for success especially in todays racing environment:

Patience
http://www.youtube.com/watch?v=pEzuC5UoM8g&feature=fvst

Again thanks everyone for the feedback/suggestions and the very best of luck/skill at the windows

For your listening pleasure!
http://www.youtube.com/watch?v=jU0b_...5EF941&index=5
http://www.youtube.com/watch?v=bpww0...5EF941&index=3

Hi Richie,

Glad to see you're returning to action on a more low-fi level. Sounds like a good plan. It's onlly a matter of time now. Best of luck.

PS - thanks for Satch & Ella, two of the greats. If you get a chance, some time check out 'West End Blues' - Satch and Fatha Hines at their best, imho.

Cheers,

B Jennet