Flat Ratings Pro – Day 4
18 December – Day 4
I have now received further information from the author who tells me that the Betfair starting price feature is not used when placing bets and all selections are backed at the Value Price, published with the picks each morning. This figure can be rounded down to give a Betfair price which is left on to be either matched or lapse at the off. For example, as most of the selections fall within the 6-10 value price, this can be rounded down by 0.2, so a 6.99 value price horse would be backed on Betfair at 6.79.
This means that on the Day 1 of the test the winning horse, which should have been backed on Betfair at 7.58, actually lapsed at the start and the other four selections matched, resulting in a 4-point loss.
On Day 2 one horse lapsed of the five selections and the winner was matched at 6.6, giving a profit of 2.47 points.
Yesterday the winner was matched at 5.52 with a profit of 1.44 points. All the profit figures take into account a 5% commission on Betfair. The adjusted profit/loss figures are now:
Day 1 – a 4-point loss
Day 2 – a 2.47-point profit
Day 3 – a 1.44-point profit
Running Bank after Day 3 = 99.91 points (minus 0.09 points)
The site tells us there are no suitable selections today and also that they “have come to our scheduled break and so the next potential selections will be for Monday 3rd January.”
They end the message with “Merry Christmas and a Happy New Year,” so I guess I will do the same, have a good one.
Best Regards
Sergeant John
