So when I say daily newspaper, I really mean website although if you want to use a newspaper you still can.
One of the best ways to make a profit from your betting is to find horses that are improving and bet on them before they start winning.
As soon as they start winning then the rest of the betting public will start to bet on them and their odds will drop, meaning that there will be no value left in betting on them.
Of course, the key to doing this is to be able to highlight those potential improving horses before anybody else spots them.
And today I’m going to show you a quick and simple way of doing just that.
First of all head to the Sporting Life. You can get straight to the days racecards by going to http://www.sportinglife.com/racing/racecards
Click on a race that you’re interested in. You’ll see a screen like below:
You want to click on the Ratings tab to go to a page like:
The first thing you want to do is make sure that the majority of horses have six ratings. You can see above that all the horses have six ratings except for three, of which one has five.
The ratings going from most recent on the far right to least recent on the far left.
In order to calculate the level of a horses improvement over these last six ratings we want to subtract a horses rating from the rating it had in it’s previous race.
Let’s take Heinrich as an example.
His sixth rating is 65. In the next race he achieved a rating of 62 so…
62 – 65 = -3
Then he achieved a rating of 62 again so…
62 – 62 = 0
Then he achieved a rating of 59…
59 – 62 = -3
Then he achieved a rating of 55…
55 – 59 = -4
Moving from race to race Heinrich has achieved an improvement of:
-3, 0, -3, -4
Next we want to add all of these figures together to get the total number for improvement and it is -10.
This immediately tells us this horse seems to be declining in performance!
Now all you need to do is repeat this for every runner in the race to get an idea of how much improvement each horse is making.
But… generally it’s much easier to make an assessment of a visual representation rather than numbers.
It’s possible to put these figures into a graph so that for our example race it would look like:
When the race is visually represented you can see immediately that there are not many improving runners in this race.
The only horse that is showing sign of improvement is horse number 2, which is Cadmium, whilst horse number 4 and 1 are showing the largest signs of decline. These are the runners It’s Taboo (4) and Heinrich (1).
I was going to explain how you could make a graph like this in Excel. But, then I thought why the heck… I’ll just make it for you.
Which I’ve down and you can download the spreadsheet below. There are two versions, one is an XLSX file and the other is an XLS file for older versions of excel.
All you need to do is enter the ratings and the graph will automatically calculate for you.
Click To Download In xlsx
Click To Download In xls
Let me know how you get on by leaving a comment below.