CATH the software to help punters
I have applied my experience to the analysis of thousands of horse races on Australian racetracks to determine biases in betting patterns that can be used to indicate quality bets. I have installed that capacity in a program I call CATH for Computer Aided Tipping of Horses. CATH is now available on a monthly hire basis. The cost is $50 + 10% of the winnings on the bets that CATH proposes. A $100 deposit is refundable (less outstanding commission on winnings) on termination of hiring. email denisaf2000@yahoo.com.au to make arrangements.
CATH is software that proposes quality bets for up to three selected runners in a race. It also manages the handling of the associated information, including the outcome of the betting. The user of CATH makes the selections and enters them into CATH about five minutes before the start of the race. CATH then prepares a file that can be downloaded by a simple set of clicks to the SuperTab Betsheet for perusal and probable submittal. CATH decides a mix of Win and Duet bets with stakes suited to the selections and the race conditions. The quality bets are given a high stake. CATH sends out a message ‘No Bets proposed’ for poor quality bets. It also has the capability to prepare a mix of Trifecta bets when the user requests it because of confidence in the three runners selected. The user rates the selections when making them according to the confidence in the noted Tab signs.
I have incorporated in CATH procedures allowing for biases in betting patterns discerned by analysis of the results of thousands of races. These determine whether the user's selections should be bet and the stakes, within the limits prescribed by the user. Essentially, then, the power in CATH is in the ability to decide what are quality bets on the runners selected by the user. It includes an algorithm to trade off between losing runs and good profits. It is very selective of which runners in which races are worth the maximum stake prescribed by the user. The user sets the general level of the stakes but CATH will vary the stakes up to that level to suit the circumstances in the race. The experience with my selections has been that small losses occur for roughly 50% of the meetings but these are more than offset by the successful high stake bets.
I enter on a prepared sheet the win and place quotes from the 3 Tabs for selected contenders starting about 15 minutes before the race. I make notes of lengthening or shortening from overnight odds and firming or easing on the Tab quotes to give me guidance on which of the contenders, up to three, look to be real prospects. These I designate here as A B C. Doubtless other users will employ their own technique to select A B C. I enter these into CATH to get the recommended bets, as described above. I generally have the prepared Betsheet on the screen about 2 minutes before start time. This gives me time to consider the merits of the proposed bets together with late trends in the quotes, edit them if considered desirable and then submit.
I expect that experienced punters intuitively take into account some of the factors used by CATH in deciding the stakes. For example, outsiders are more likely to come in when tracks are heavy, so reducing the prospects of the favored runners. Favored horses tend to be overbet in small fields, presumedly because they are deemed by most to have little opposition. I doubt, however, whether these experienced punters take all the factors included in CATH into account in a consistent manner. I expect they would find it interesting to see how CATH's proposed bets compare with their own. I very much doubt whether many punters, others than those with inside information, can match the profitability of CATH.
CATH stores all this betting information and the results. It can be rerun over prior races to aid in assessing performance. It also updates its database after each meeting so that the algorithms that decide the bets are based on up-to-date data. This also means that its selected bets tend after a period to reflect the selective capability of the user.
CATH is software that proposes quality bets for up to three selected runners in a race. It also manages the handling of the associated information, including the outcome of the betting. The user of CATH makes the selections and enters them into CATH about five minutes before the start of the race. CATH then prepares a file that can be downloaded by a simple set of clicks to the SuperTab Betsheet for perusal and probable submittal. CATH decides a mix of Win and Duet bets with stakes suited to the selections and the race conditions. The quality bets are given a high stake. CATH sends out a message ‘No Bets proposed’ for poor quality bets. It also has the capability to prepare a mix of Trifecta bets when the user requests it because of confidence in the three runners selected. The user rates the selections when making them according to the confidence in the noted Tab signs.
I have incorporated in CATH procedures allowing for biases in betting patterns discerned by analysis of the results of thousands of races. These determine whether the user's selections should be bet and the stakes, within the limits prescribed by the user. Essentially, then, the power in CATH is in the ability to decide what are quality bets on the runners selected by the user. It includes an algorithm to trade off between losing runs and good profits. It is very selective of which runners in which races are worth the maximum stake prescribed by the user. The user sets the general level of the stakes but CATH will vary the stakes up to that level to suit the circumstances in the race. The experience with my selections has been that small losses occur for roughly 50% of the meetings but these are more than offset by the successful high stake bets.
I enter on a prepared sheet the win and place quotes from the 3 Tabs for selected contenders starting about 15 minutes before the race. I make notes of lengthening or shortening from overnight odds and firming or easing on the Tab quotes to give me guidance on which of the contenders, up to three, look to be real prospects. These I designate here as A B C. Doubtless other users will employ their own technique to select A B C. I enter these into CATH to get the recommended bets, as described above. I generally have the prepared Betsheet on the screen about 2 minutes before start time. This gives me time to consider the merits of the proposed bets together with late trends in the quotes, edit them if considered desirable and then submit.
I expect that experienced punters intuitively take into account some of the factors used by CATH in deciding the stakes. For example, outsiders are more likely to come in when tracks are heavy, so reducing the prospects of the favored runners. Favored horses tend to be overbet in small fields, presumedly because they are deemed by most to have little opposition. I doubt, however, whether these experienced punters take all the factors included in CATH into account in a consistent manner. I expect they would find it interesting to see how CATH's proposed bets compare with their own. I very much doubt whether many punters, others than those with inside information, can match the profitability of CATH.
CATH stores all this betting information and the results. It can be rerun over prior races to aid in assessing performance. It also updates its database after each meeting so that the algorithms that decide the bets are based on up-to-date data. This also means that its selected bets tend after a period to reflect the selective capability of the user.
posted by Denis Frith at 4:01 AM
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