A horse betting strategy:
- Back a horse in-play when the odds drop below x
Backtests ran on the data obtained from Betfair for the period from 1st Oct 2018 till 30th Oct 2018.
For x = 1.5 if we traded on every horse racing event in GB and IR during the month of October 2018 we would have had 801 winning trades and 316 losers. For x = 1.4 - 865 winners and 251 losers. For x = 1.3 - 946 winners and 170 losers.
| ODDS | WINNERS | LOSERS | PNL($) |
|---|---|---|---|
| 1.5 | 801 * 0.5 | 316 * 1 | 84.5 |
| 1.4 | 865 * 0.4 | 251 * 1 | 95 |
| 1.3 | 946 * 0.3 | 170 * 1 | 113.8 |