Our Colour-Coding strategy is showing 81% net profit with 7 winning days from 8 so far.
We are building up some serious data for the Mel colour-coding with eight completed meetings over the past five weeks.
Green = Strongest winning winning chance
Blue = Definite danger, could win with no surprise if something goes awry with the green selections.
A level $1 on all 527 colour-coded runners so far has returned $574.60.
76 races for 311 individual green coded runners. 54 green winners of those races so 71% of the rated races were won by Green runners at average winning odds $6.10.
$100 level on the lot has made + $1,820 net profit.
64 of the 76 races had blue runners for a total of 216 blue runners. 19 blue winners = 30% winners : races. A level $100 made $2,940 net profit. The average winning odds is $12.92.
We missed the winner in three of the 76 races (4%).
96% races with the colour-coded winner is better than I would have expected especially as 22 of them were double figure winners.
Seven were $20 or better!
20 of the 22 double figure winners were no surprise to Elite punters.
In the October 26th newsletter, we updated the results of a basic strategy to apply a filter to concentrate on just the races where we had three or less green chances. That plan was first presented early in October.
Pretty simple, if the race has 1, 2 or 3 green runners then back those green runners.
At that stage (Oct 26th) there were 17 qualifying races which had a total of 34 green bets.
11 winners @ $4.75 so the net bottom line for $100 win bet was
Profit %: 54%
Now (After 14th November Sandown meeting)
31 qualifying races with a total of 72 green bets.
21 winners @ $4.72
Profit %: 38%
Of course, as we get more data in we can more confidently add in sub-filters.
Example: Apply the basic filter as above but exclude races where there more than FOUR blue runners.
The results improve to:
20 qualifying races with a total of 45 green bets.
15 winners @ $5.43
Profit %: 81%
That is exactly what you would hope. The more “other” chances the less reliable the race, even if there are only 1,2 or 3 green chances. Eliminate them and the profits skyrocket!
Excel users can analyse much deeper using the interactivity built into the spreadsheet. Apply a filter and immediately see the updated results.
There is even a pivot table for further analysis. It is currently set to provide a day by day performance summary of the original plan with sub filters as above
Every day’s a winner except day 1 (October 10th) which is virtually break-even. And remember, this analysis of our Mel colour-coding is through the spring carnival.
Watch this space!