Advanced System Developer - Analysing 'Exotics'

The Advanced System Developer is an extension to the System Developer that facilitates the analysis of your system results in relation to the 'exotic' bet types such as Quinella, Exacta, Trifecta and First Four. All financial reporting is based on dividends paid by NSW TAB.

Once you have run a system or group over historical data, the System Developer provides a result showing you the profitability of that system or group, relating to win and place bets. The pool of data that was isolated by the system or group and which produced the win/place profitability, can be re-analysed by the Advanced System Developer to give you profitability figures relating to the 'exotic' bet types mentioned above.

How it works.

Before we proceed with this example, it must be borne in mind that the system or group must select enough runners in a race to 'qualify' for the type of exotic bets to be analysed. A single system that produces two runners per race would allow you to analyse for Quinella and Exacta, but would be useless for Trifecta and First Four. During an exotics analysis, any race with an insufficient number of selections will simply be ignored, and zero expenditure and return would be recorded in the financial analysis.

For a simple demonstration of this feature, let's say you have just run a system or group over historical data and you have a result - the selections chosen by the system displayed in the top pane and the financial analysis with profit and loss figures for win and place in the bottom pane.

Now go to the 'Exotics' buttons at the bottom right of the System Developer window and click on the 'spanner' button.



 

The 'Select Systems for Exotics...' box appears.

You can see from this image that in this instance, only one system has been run, namely one with System ID GTT01. So, in this case the only option available is to choose which exotic you want to analyse, and therefore you would click to place a checkmark beside the system ID under Quinella, or in each of the legs of whatever exotic you want to analyse. In the example above, the user has chosen to analyse Exacta.

Further down this page you will see an example where more than one system has been used. In such a situation you could choose one system for the first leg of a Trifecta, ie the winner, and another one or more systems for the places.

Click 'Exit' to close the box.

Go back to the Exotics panel and click on 'E' (for Exacta) to start the analysis. Depending on the size of the data pool that was created by the original system run, this analysis could take a couple of seconds, or many seconds.

The system's financial analysis figures in the bottom pane will disappear and the Exacta analysis will replace them. The image below shows the last five lines of this particular Exacta analysis, and also shows the various types of outcomes.

The top line shows that the system had produced only two selections in this race, resulting in a $2.00 outlay. Happily, a handsome return provided a more-than-acceptable profit for this race.

The second line demonstrates a race where there were insufficient selections to support the type of exotic bet being analysed, so won't be a factor in the calculations.

The third line again shows a tidy profit from the minimum outlay.

The fourth line indicates that the system produced four selections in this race, so the outlay for the Exacta was $12.00. The Exacta was missed in this case, so the 'Profit' column shows a negative profit of $12.00, meaning, in layman's terms, a loss.

The fifth line shows a similar situation, with three selections, an outlay of $6.00 and again no return meaning a loss of $6.00.

The bottom line of course, shows the totals in this analysis for Outlay, Return and Profit.

Run two or more systems

As mentioned previously, you can run two or more systems, either as a saved group or just as selected systems run as a group.

After the systems have run and displayed a result, go to the 'Exotics' buttons at the bottom right of the System Developer window and click on the 'spanner' button.
 

The 'Select Systems for Exotics...' box appears.

In this example, the user has run two systems and has chosen the 'TF001' systems to supply selections for first place in a Trifecta, and the 'WF001' system to supply selections for second and third places.

Click 'Exit' to close the box

Go back to the Exotics panel and click on 'T' (for Trifecta) to start the analysis. Depending on the size of the data pool that was created by the original system run, this analysis could take a couple of seconds, or many seconds.

As with the previous example, the system's financial analysis figures in the bottom pane will disappear and the Trifecta analysis will replace them. The image below shows the last ten lines of this particular Trifecta analysis, and again shows the various types of outcomes.

Similar procedures to the above are used to analyse for Quinella, Quinella Banker and First Four.


Text Size : A | A | A | A

Photo Finish
© TRB.COM.AU Pty Ltd 2003