I've been a huge fan of Horse Racing for awhile and after watching the Belmont & the Triple Crown winning race a couple of weeks ago it's re-kindled my passion for betting on it. I've been reading up on a lot of systems and strategy on betting the ponies. I've come across a pretty interesting system known as the World Horse Racing Formula. I'm sure I found it googling or something late into the night.
So after doing some digging around on the forums here at SBR I found this thread (http://www.sportsbookreview.com/foru...g-formula.html)
Starting out I'm going to stick to the original system and stakes that they have set up in the 'Original Formula'. Depending on how I do I will begin to modify the system probably towards the likes of JW Cash has done. I'm not betting real money right now. I'm simply using betpoints on the Racebook here on the site to work out all the details and tweaks of the system.
If you want to follow along, subscribe to the post as I hope to update it daily. The system says not to play on Mondays or Thursdays b/c they seem to be too volatile. So that may be my first 'tweak' of the system as well. I want to get as much data as possible on it quickly to determine if it's a winner or not.
I'm ready for the journey and let's see if it's a real winner or not!
// Day 1 - June 14, 2015 //
Ticket #: 2877792 Jun-14 HST R2 3.00 SBR WIN 3 3.00 / 0.00 3.15 WIN 6/14/15 17:20 Ticket #: 2877795 Jun-14 BEL R9 3.00 SBR WIN 2 3.00 / 0.00 4.2 WIN 6/14/15 17:27 Ticket #: 2877788 Jun-14 GUL R9 3.00 SBR WIN 9 3.00 / 0.00 3.3 WIN 6/14/15 17:17 Ticket #: 2877819 Jun-14 SAX R5 3.00 SBR WIN 1 3.00 / 0.00 -3 LOSE 6/14/15 17:36 Ticket #: 2877823 Jun-14 MTH R11 6.00 SBR WIN 5 6.00 / 0.00 -6 LOSE 6/14/15 17:42 Ticket #: 2877826 Jun-14 GOL R5 12.00 SBR WIN 1 12.00 / 0.00 -12 LOSE 6/14/15 17:53 Ticket #: 2877838 Jun-14 SAX R6 24.00 SBR WIN 1 24.00 / 0.00 57.6 WIN 6/14/15 18:08 Ticket #: 2877848 Jun-14 HST R4 3.00 SBR WIN 5 3.00 / 0.00 -3 LOSE 6/14/15 18:21 Ticket #: 2877852 Jun-14 GOL R6 6.00 SBR WIN 5 6.00 / 0.00 -6 LOSE 6/14/15 18:26 Ticket #: 2877861 Jun-14 SAX R7 12.00 SBR WIN 3 12.00 / 0.00 -12 LOSE 6/14/15 18:42 Ticket #: 2877867 Jun-14 HST R5 24.00 SBR WIN 5 24.00 / 0.00 -24 LOSE 6/14/15 18:56 Ticket #: 2877875 Jun-14 SAX R8 48.00 SBR WIN 8 48.00 / 0.00 -48 LOSE 6/14/15 19:14
Day 1 = -45.75
Now here is the interesting part of the system. According to the system on Mon - Sat, you're supposed to stop after you win 3 races & on Sunday it's supposed to be 4 races. However, they're not quite clear in their description and examples. In the examples in the system it looks like they continue betting until they've won 4 double-up bets. So that's what I wanted to test today. If I would have stopped after the first 3 races, it would have been a 10.65 profit for the day. If I would have stopped after my 4th win it would have been a 47.25 profit day... Instead it was almost a 100 swing the other way.
The main rule that I did follow is the stop-loss after a 5x Double-Up bet. They have set up their 'staking' system to have you stop after 5 double-up bet losses.
So I think I have arrived at Tweak #1 for this system. Always stop at 3 wins Mon - Sat and Always stop at 4 wins on Sunday... I wish their guidelines were a bit more specific on that, but lesson learned. Now, time to move on to tomorrow and forget about the negative margin today.
Thanks for following along.