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How often does the favourite win a horse race? And is it profitable to back the favourite in each race? With a simple backtest we investigate this simple approach on historical data.
Backtest Period: 31 Dec 2012 to 08 Oct 2020
Total Loss: -438.51 Points
Average Loss: -4.64 Points per Month
Number of bets: 76,944
Max. Drawdown of 666.36 Points during 2,423 Days
The "Lay the field" betting system is a very popular betting strategy which involves laying multiple selections in a betting exchange market. Typically the lay bets are placed at certain thresholds on all selections of a betting market. If a large enough amount of bets get matched you end with some profit.
In this article we describe the "Lay the field" strategy in more detail and present a backtest on historical data.
Backtest Period: 01 Jan 2014 to 06 Jul 2020
Total Loss: -19,282.98 Points
Average Loss: -243.27 Points per Month
Number of bets: 108,323
Max. Drawdown of 19,282.97 Points during 2,378 Days
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