Time to Simplify!


Commenter Mouldhouse asked the following:

“On the back of your blog I have taken a closer look at the market examiner site and also the becher's brook blog. Both look like very interesting sites, with a good chance of making some good long-term profits.

How do you pick their "best" tip of the day? Is it just the one in the first email or at the top of the list? I can't comment for market examiner but it seems on Bechers he just lists the meetings in afternoon/evening and then alphabetical order.”

I’m pleased that question has been asked so that I can clarify my selection process as I have made small changes recently with the aim of simplifying the whole process.

For The Market Examiner the selection process is:

  • The selection with the highest points value.

  • If  there are two or more selections with the same points value I choose the selection with the highest odds.

  • If there are still two or more selections with the same points value and the same odds I use my discretion.


For Bechers Brook the selection process is:

  • The EACHWAY selection with the highest points value.

  • If  there are two or more EACHWAY selections with the same points value I choose the selection with the highest odds.

  • If there are still two or more EACHWAY selections with the same points value and the same odds, I use my discretion.


Also I have received negative feedback from the testers for my Patient Staking Eachway Calculator saying that it is too complicated. On the back of that constructive criticism I have decided to stop using it for my Portfolio Lite selections (I will continue with its development though). Which means that from now on I will back every selection for both The Market Examiner and Bechers Brook with a simple and straight forward EACHWAY bet.

Because I am not using the calculator to lay off part of the place part of each bet and also because the average odds of The Market Examiner selections in my portfolio has risen quite considerably due to my new selection process.(meaning there will be longer losing runs) I am going to alter the staking slightly for The Market Examiner by dropping the amount staked per point from £1.5 eachway to £1.00 eachway so as to limit my liabilities for each bet and to bring the staking into line with my staking for the Bechers Brook selections.

I hope you have enjoyed this post

Stay Patient
Mark

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