Horse Racing Betfair Trading Strategy - Find Out What Works Instantly!

What if you could stop guessing and start seeing what actually works in horse racing trading?

In this video, I’ll show you how LightSpeed Stats helps you analyse horse racing results instantly, so you can spot what’s working, what’s losing money, and where the real opportunities are.

Instead of spending hours digging through results manually, the software lets you break things down at the click of a button. That means you can quickly test ideas, review strategies, and make better decisions based on real data.

Inside this video, you’ll see how to:

• Analyse horse racing trading results fast
• Find profitable patterns and angles
• Spot what’s underperforming before it costs you more money
• Save time by letting the software do the heavy lifting
• Use data to build more confidence in your trading decisions

If you’re serious about horse racing trading and want a quicker way to understand what works and what doesn’t, this will show you exactly why LightSpeed Stats is such a powerful tool.

Get access to LightSpeed Stats here:
 https://lightspeedstats.com/signup/

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Transcript

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Hello and welcome to another podcast from lightspeedstats.com, the sisters like to betfair training community.com. We focus on horse racing here at Lightspeed Stats, and obviously we have the brilliant backtesting software that people are loving to back test their strategies to instantly find out if their strategy is any good or not and to test everything they're doing straight away, which is super cool. I wanted to talk today about why you should customize your results. I can't really say favorite because obviously the back testing is my favorite feature of the software. This is probably my second favorite feature of the software at lightspeedstats.com because I feel like this is what will make you a really powerful BetterFitter trader on horse racing. So stay with me, guys. This is gonna be a good one. I've also done a video of uh talking about how to customize your results, so an actual tutorial on that on YouTube. So if you haven't subscribed to the YouTube channel, get on over there, watch the videos, LightSpeed Stats, just search that on YouTube and you'll find it. Obviously, we've done some collaboration videos with Betfair Trading community. Um, so yeah, subscribe to the channel. It's obviously a new channel and we want to keep growing it because obviously we know that you guys love the videos and the podcasts, obviously, from the feedback we're getting from you and the fact that you actually want some more of these tutorials. Um, we're not gonna do a tutorial in this podcast. What we're gonna do is we're gonna talk about why you should customize your results. So if you don't know what I'm talking about, in the software there's a section where you can run your results, but you can choose what you look at as well. So you'll get all your results regardless of what you choose. So it'll be the same results, obviously, same profit, um, same ROI, same um archie score, things like that. But what it will also do, which is super cool, is you can suggest what you'd like to look at individually. So I put things like month, year, race type, course, horse age, BSP, bet for starting price. You can look at a lot of these different things. You I mean, there's probably about 40 or 50 to choose from. I usually do between about 10 and 15. I really like to look at what the results are, and what it will do is it will separate out the results for you automatically. So you can click a button and it will tell you, oh, this is how your strategy performed on let's say you use race type. It might go, this is how your strategy performed on all weather, on the jumps, on the flats, all these kinds of things, right? You can test horse ages. Oh, well, nine-year-old horses would have lost a lot of money on this strategy, but anything eight or younger did really well. Okay, good to know. Oh, the ideal runners for this strategy between five and fifteen. Okay, that makes sense. That's good. I like having a range of horses and this strategy, it makes sense for that specific strategy. So, what it will do, depending on what your strategy is, it will give you a breakdown of what's working well and what's not. And what's good about this is that you can obviously then implement what's working into your strategy. So, what you could do, and what I'd suggest you do, let's do a really I'll do a really basic one to explain this well. Okay, let's say you've run your strategy results, and one of the things you're looking at individually is handicaps and non-handicaps, and how your strategy is performed in both those instances. And in handicaps for a thousand races, you've made 300 points profit, but in non-handicap, you've made a loss of 300 points. Okay, so on one hand, handicap is really really good for your strategy, and non-handicap is clearly just doesn't work. I think in this scenario, it's very simple and very straightforward. And I I mean again, it's up to you whether you do this or not, obviously. But for me, as a bet fair horse racing trader who wants to make money, I'm not keeping the non-handicaps that have lost all that money over that amount of trades. Why would I? It clearly doesn't work, okay? Um, and that is the benefit of customising your results, and then what you do is you go back to your strategy, add the handicap rule in, and then go, I only want to look at handicap races. So, you know, you're not going to tick the box for non-handicaps, and that will then give you your qualifiers, it will give you your selections based on your criteria, and it will take out all the non-handicaps moving forward. Now, what I would then do before you save this kind of um tweak that you've done is save it as a new strategy. So if you click there's save, then there's save new. If you click save new, what it will then do is it will create another version for you. Um, and that is really good because what it then means is that you've now got two versions of this strategy. You've got your original one, and you've got the customized one that you've added a little bit of custom to because you saw that hey, non-handicaps just don't work, okay? And that gives you power as a horse racing trader, because you're then able to compare the two, and you might find that three months down the line, well, actually, my original strategy performed better, but you might find, and what I found a lot of time, three months down the line is oh, this tweak works, you know. Now, here's what I'll say about the tweaks, okay? Because again, this isn't something that's easy to get into in a video on YouTube. That's why I like doing these podcasts with you. We can get a little bit deeper, we can get a little bit beneath the surface. What I wouldn't do is change things willy-nilly. Okay, so I'm gonna give you a similar example to what I just gave you, and I'm gonna explain why I wouldn't do the same thing. So let's say I've looked at a thousand races again. Uh, well, say two thousand, say a thousand, and there's a thousand handicap and a thousand non-handicap in my results, and I'm looking at the customized results section. But instead of the plus three hundred for handicap and minus three hundred for non-handicap, let's imagine that handicap has five points profit, and non-handicap has minus five points. Okay. Now, after that many races, that is not a big margin for either way. Okay, that's not really telling us anything about handicap and non-handicap, even though one's from profit and one's not, they're so close to break-even that you just go, okay, that could just be variants. There's nothing here that tells me I should get rid of non-handicap, even though they've made that slight loss. A lot of people would. And what you'll find is that when you start tweaking things that are that marginal, you're not you're doing this thing that's called backfitting. And if you don't know what backfitting is, it might be worth looking up, okay? Because essentially what you're doing is you're just picking, really cherry-picking to the nth degree. You're not just tweaking a couple of things that make absolute sense, like in our original example, you're over-tweaking, you're tweaking a bit too much, you're removing kind of the idea that variants might exist, and then you're going, okay, nah, that doesn't work. Clearly, it's five points down after a thousand trades. Okay, maybe not, but there's probably something else that isn't working that you need to look deeper at than this. And if you remove non-handicapped, you might find that you're removing something that you could have just removed something else. Like maybe class is maybe the real problem is class, and you you you filter out class, you look at class in the breakdown, and you go, Wow, class one has lost 250 points. Okay, what happens if I remove that? Oh, suddenly handicapped and non-handicapped are making good money. Okay, that's really something to think about because a lot of people will overfilter things, and I think it's very sensible to have a strategy, have a couple of criteria for your original strategy, you know. Like let's say you're using Dobbing, so you're looking at the bet fair starting price and comparing the lowest price in running to it. That's your first one, and then you're looking at runs, the horse has to have run at least 10 times because, well, if we look at DOBs and in the last 10 runs, then we want to look at the fact they've actually run 10 times. So maybe that's your criteria for your strategy. Then you customize results, and you see that wow, class one, two, and three don't make money at all. Okay, well, I could remove those, I could just include instead class four, five, six, and seven. And that makes sense, right? Because there's such a wide disparity between the two, and there's some logic to it. But I think when you start to backfit too much, so let's say I'm then going, oh, let's look at every course and then oh look, Hadox lost two points, I'm getting rid of that. Yam's only broken even, I'm getting rid of that. What's the point of trading that? You're starting to really backfit then, and then variance kind of um you're kind of ignoring the idea of variance, and variance is a thing. Variance, if you know what variance is, it's kind of luck. And the fact is, so give you an example. Let's say you're looking at courses with horse racing, you might only have five results from Great Yarmouth, and it's showing a two-point loss, but you've got no real data that's telling you Great Yarmouth doesn't work. Five races is nothing, right? But you're still gonna take that out because you're so you can you really want to kind of backfit. I mean, maybe this just needs to be a a podcast on backfitting, I guess. Um, I might have to do a podcast, that's a good idea for a podcast, isn't it? But yeah, so just be careful of that. Obviously, that can happen, um, and you don't want to do that. So, what I do is once you've got your two original kind of ideas for your strategy, then you've run the results. Maybe only tweak one or two things. You know, maybe you do remove the class thing, maybe you do look at handicap, but but only you tweak one or two things. Don't try and tweak 10-15 things and go, well, I'm adding in course, I'm gonna remove all these courses, and then I'm gonna remove this, I'm gonna remove that, I'm gonna change all the races, I'm gonna change the going, etc. etc. Because you do get into the realms of backfitting. But I think it's it's actually normal, right? Virtually every strategy you'll see out there will have at least one bit of criteria, usually two, uh, maybe a little bit more. But I'd I'd try and go for one or two criteria, and then add a couple more in when you see the results and see what works, and then you've got a strategy of three or four criteria, which is fairly standard in the industry, right? Okay, so it's not like you're backfitting, you haven't gone crazy, you're not removing things for the sake of it. Again, you want to remove stuff that clearly doesn't work, and that it just can't really be, you can't even argue about it, okay. Um, but again, it's up to you how you do it, because you could remove a bunch of stuff and go, I want to do it anyway. Okay, cool. Then if you've created that as a new strategy alongside your other one, you can test the two. You can come back in a month, you can come back in two months, you can come back in three months and see how they've performed against each other. Again, this is the power of the software. You haven't had to do any work to do that. Once your strategy is set up, your work is done. All you then have to do is come back later on, run the strategy results again. That's a click of a button, and that's a you know, even if it's quite a large um database you're throwing it through and you haven't filtered much out, it's still a couple of minutes' work at most, right? So that is the power of the Lightspeed Stats software. That's why we're so excited about it. That's why we're so excited about the back testing, that's why so many people have been getting on really well with it. Um I think at last count we'd had something like um well, you can see on the homepage for lightspeed stats.com if you go. I think it was like 3,000 profitable strategies that have been created, which is phenomenal, right? Um, and again, you you just trying to do that manually would be virtually impossible. Um, so yeah, if you're not a part of lightspeedstats.com, you know, what are you doing? And if you are a part of it, make sure you're using it because sometimes people ask me to add a strategy for them, and I'm obviously I'm happy to do that. They go and do it, and they've been a member for two or three months and they've never created their own strategy. Have a go. You know, if you get stuck, if you're not sure how to do something, just email us info at lightspeed stats.com. I will deal with you. I'm I run the customer service, so you know, your emails, if I get them, will come to me. Um, you know, occasionally we do some emails just don't come through, that'll happen with any kind of so if you don't get a reply from me, it's not because I'm ignoring you, try and get in touch again, um, and then I will reply. Um trust me on that, because uh if I didn't reply to you guys, let's say I just one day I just decide I don't like replying to emails anymore, which I do, um Ryan and Adam would give me a good slapping. So I'd have to do it. So yeah, don't worry, you're always gonna get that response, you're always gonna get that help. Remember or not, I'm willing to help you. I always want to help fellow Betfair traders, especially in horse racing, um, especially when you've got a tool like this, because if you can learn to utilize a tool like this, the sky's the limit, the world's your oyster. Um, and you know, Betfair Trading, you know, the I the whole idea of it is to make Betfair Trading easier. And hell, if we can make Betfair trading easier for people, we have achieved what we wanted to achieve. And I feel like we've done that. I feel like so many of you are saying how well you're doing now as traders who were struggling before. And if you're someone who's still struggling, or if you're someone who wants that help and that foot up, just talk to me. Talk to me because I want to help you. I want to help you as a horse racing trader on Betfair. Alright, everyone, hope this has helped you. Use the customized results, they will give you information that is invaluable. And I hope you make some money trading the horses on Betfair this week.