How To Analyse Your Results | Back-Testing Software Tutorial | LightSpeed Stats

Want to know how to properly analyse your back-testing results instead of just guessing from a few numbers?

In this video, I walk you through how to analyse your results inside LightSpeed Stats so you can spot what is working, what is not, and where your best opportunities may be.

This tutorial will show you how to break down your results clearly, review key data points, and make better decisions when building or improving your horse racing strategies.

Inside this video, you’ll learn how to:

•  Analyse back-testing results inside LightSpeed Stats 
•  Spot strong and weak areas in your data 
•  Understand which angles may be worth exploring further 
•  Make better decisions based on real results, not hunches 

If you want to build smarter horse racing strategies and save time when reviewing your data, this tutorial will help you do it faster and with more confidence.

Get started with LightSpeed Stats here:
 https://lightspeedstats.com/signup/

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Transcript

SPEAKER_00 0:00

Hello and welcome to another video from BetfairTrading Community.com. This is kind of the third in a in a series of videos I'm doing on the horse racing software, kind of looking in depth at how you build a strategy in the strategy builder, kind of giving you some tips and hints of how to do that and also giving you a menu tutorial. I thought I'd start the video because I've just clicked run strategy. It might take a while because we've got a day a lot of data to look at. The other thing why it might take a while is because I'm recording uh video. So if you do find actually when you run the results, um it's taking a while. If you've got other apps and things open, just close them for the time being, and obviously that will speed that up. Okay, so results have come through. Um, yeah, not profitable strategy, that's for sure. Um, 180 grand down. Wow. Well, we did remember we did put up 50 pound stakes. Um, and what's interesting here is that this is the section where you're then gonna look at the next part of your strategy. Now, to be honest, with this strategy, you might just think, well, why am I backing to lay? Maybe I should lay to back, or um, you could just look at straight lays here, which could be an interesting one actually. Um I'm probably gonna go back and have a look at this as a straight lay in a minute because the ROI is minus 3%, which is quite high, um, and expected value is minus 1.29. Now, again, when you get this initial set of results, what you're really wanting to go down to is have a little look down at the bottom of the chart and have a look at the breakdown. Okay, so you can see the month breakdown, um, but what we really wanted to see was race type and entry times. Remember, we did that in the earlier videos, and there's quite a few things you could look at, obviously, number of runners, etc. etc. entry price. If we run race type here, you can see the differences, and actually, you can see that all weather and turf are where the money has been made. I'll scroll up a bit so you can see that better. Um, Hurdle and National Hunt have actually been profitable. So, again, you could look at this strategy and go, right, well, I'll just do Hurdle and NHF, and then that's it, right? Which would be cool. Um, and again, that's that's something it's interesting to look at. Let's have a little look at entry price. This might be a mess because it's down, yeah. Okay, so again, but you might get a situation here like where you get a situation where you're looking at say seven to nine and it's doing well, you go, okay, well keep the odds between seven and nine. But I want to focus on race type actually because that's the one that's given the most interesting results. I mean, look at Hurdle and NHF. So we can see that these are profitable, hurdle and NHF are profitable, but nothing else is, okay? Or whether turf and chase really down, okay. What you then want to do, and this is how you use the results, is go back to the betting rules. Um, sorry, or selection rules, and very simply, um, we're just gonna select race type. Okay? And we're gonna add that rule, okay. Click add rule, and the rule's there. Then remember we pick, if you watch the early ones, we pick value and we just want to look at the certain type of races. And we're gonna pick um it was Herdl NHF, wasn't it? Again, if you forget what it is, just scroll back down and have a look. The other good thing to do is just make a note with paper. Oh, I do is I make a note with pen and paper of what is working, what's not. Okay. So now we've got another rule in our strategy. And this strategy actually is is so simple, but I like how simple it is. So we'll click next, and then we're gonna run the strategy one more time. And this will show us the results, and we'll be able to have a look. And what I'm gonna look at now is the entry price and see kind of where the price range works out. Okay, so unsurprisingly, the strategy is now in profit. We know that because we've seen the results and saw how it worked, okay? Now, as we scroll down, we can see there's been quite a journey. When you actually look at this um Snake chart here, but actually, from 2023, kind of mid-24, it's actually done really well. Although it's had a dip in the last few months. So, we scroll down and we've had a look at my what what I want to look at is kind of one last thing to look at. And again, I don't think you need your strategies to be too in-depth. It's up to you how you do it, really. I always think the simpler the better, especially when starting out. We're gonna have a look at entry price and see if anything obvious hits us here. Um, and what I like to do is look at kind of the the end of the ranges. So this the kind of top end seems fine actually here. There's a kind of section in the middle that doesn't perform particularly well, and then the lower prices don't really well. So we could do from five to um how I do want to go, five to twenty-five instead. So let's go back to the betting rules, and again so I've shown you how you can edit your strategy in the horse selection rules based on what you've seen. Okay. Now, when you look at price, you want to change it in the betting rules. So when you place your bet, we're gonna change the entry price to five, okay? Um save it, obviously, because now we've we've made these tweaks, and we're gonna run the strategy one last time, okay? And then you get the final results of the strategy. Now, what you could do here is you could look at refining a bit further. I'm not a massive fan of hugely backfitting it, um, but here we've looked at a couple of options which I think is clever with a strategy like this. Um we've also seen that, hang on if I go back. Um we've also seen that we've got a couple of options for the horse selection rules, only two things we're looking at, and similar thing with the betting rules, we're just looking at a couple of bits, okay? But that makes sense, right? And again, uh, if you want to by the way, if you want to copy this strategy, I'm happy to share it with you. So uh just let me know. Um just say back to lay and uh I'll do that for you. Um better export it. So I save it again. Another lovely thing you can do with the software. If you click this cloud with the downward thing that when you hover over it says export strategy settings, well, guess what it does? It exports strategy settings. So I'm gonna do that because I want a copy of that strategy. Cool. Um, but yeah, if you want to copy this strategy, just let me know in the comments. Hopefully, that's kind of given you, I mean, because the ultimate goal of this video really is to look at the race results, and that's given you an idea of how you can look at it, how you can customize them, how you can look at different things, how you can use your results to tweak and improve your strategy if you so wish. Again, this is all up to you, right? My opinion of a lot of this doesn't really matter, and again, like I say, neither does yours. Um, not something we want to hear, really, is it? But it's the truth of Betfare Trading. The truth lies in the stats and the results, and this is what the software does. Um, so if you're not a member of lightspeedstats.com yet, head on over to lightspeedstats.com, go sign up to the Betfare Trading software, it's revolutionary, it will change your game. It's changed the game of so many horse racing traders so far. It's so exciting to see how many people have been doing really well with it. If you're a football member, I mentioned it a few times, you get a huge discount. So let us know. Um, because you're a football member, we do give you a discount on the horse racing software. So let us know and we will get that to you. Um, but otherwise, yeah, subscribe to the channel that'll help us and that will help you see the videos. Um, comment, like, tell me about what you think of the videos, um, good or bad, I don't mind. And also, I hope you make some money trading the horses on Betfair this week.