As I work for the company, via employee purchase at a significant discount I have received delivery of a HP IPAQ 214
Using the process and formulas outlined in Barry Meadows book, I have created a spreadsheet to
- Create a my own personal odds line that ensures the chances of all horses in the line total 100%
- Calculate my percentage edge based on the odds being offered via the formula
edge % = probability of win x odds – probability of loss
- Determine how much to bet via the formula
optimal bet % = edge / odds
When I’m on course or in the betting shop I use the downloaded tissue on the device to conduct the calculations above on the fly as the odds change right up until the moment the horses arrive at the post.
I have no excuses now, if my odds line is semi accurate, a 20% or more edge over the crowds’ odds should restrict my selections to value bets only.
In theory!
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Tags: Tools
3 Responses to Punter Gadgets
Boon
June 8th, 2009 at 14:43
Good luck! It is always wise to make the best use of technology to assist you in your betting.
Now with mobile web browsing, you can always check out the latest prices on Betfair and other online bookies to compare to the on-course bookies.
slipperytoad
June 8th, 2009 at 15:47
Thanks.. currenty use my trusty Nokia E63 to check prices on BF however, the excel phone application on the phone is does not process certain spreadsheet formats, hence the PDA. The next step is setup my new piece of kit to work under optimal conditions.. planning to take it out for a trial run at Bath next saturday.
Sporting Life Horse Racing
July 3rd, 2009 at 12:33
Loved the information here I’ll have this bookmarked and will be back to read more.