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About UK Horse Racing
The UK Horse Racing Betting Philosophy
Talking to a professional punter recently he said something which perfectly reflects our way of thinking. He said something along the following lines.
"If I determine that a horse is good value, for example a 10/1 horse whose price ought to be 6/1, then I would back it. I won't expect it to win that particular race as I know that six times out of seven then it would lose. The next race a similar bet may lose and I would expect it to do so. However, with value betting I would expect that out of the next thirty or forty races I would have had my share of winners and, therefore, a good profit."
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The People Behind UK Horse Racing
UK Horse Racing is the work of Dave Taylor and Malcolm Smith. Both have a strong interest in racing and couple with their strong IT backgrounds it became natural that sometime they would work together to develop a racing application.
It all started in the eighties ago when Dave, a trained mathematician, bought an Atari computer and he decided that what he required was a Project because he wasn't going to be bothered to waste his time playing games.
After some deliberation Dave wondered if he would be able to write a simple mathematical model which would forecast racing. The initial model was a simple program written in BASIC and shoved both a profit and promise.
Despite the model returning a profit Dave stopped working on it after a season. The main reason was that in those days he was unable to obtain racing data and so every race card and every result was keyed in by hand into the model's database. Because of the time and effort required for entering the data Dave decided to specialise on two year-olds only. But, after one season he decided that enough was enough and the profit didn't justify the amount of effort required to manage the data on a daily basis.
So, the project was shelved for about thirteen or fourteen years until Dave met Malcolm in a Sussex public house. Normally the conversation would lean to other matters but after a while it became clear to each that the other had some form of interest in racing. Malcolm's father, a government scientist, had been working on some projects of his own before his premature death. True to his eccentric nature he left no notes but it was known he was developing some improvements to microwave radio and, more intreaguing, he had been looking at racing form and he declared that he could make it pay. But, sadly, before he told anyone he died suddenly.
Malcolm was fascinated about the prospect of racing as a form of investment particularly after realising earlier that the small investor in the stock market is on a hiding to nothing and if he does make a profit there then there are Capital Gains Taxes to pay.
So, over a series of sessions at the Prince Arthur or the Battle of Trafalgar in Brighton a plan was hatched. Dave would develop the Model and look after the mathematical side of things whilst Malcolm would be in charge of procuring a data source and maintaining data integrity of the data coming in and of the database itself.
After a number of years the Model has gone through a series of updates; some large and some small. Constantly Dave is working on developing new indicators for the Model whilst Malcolm is looking to improve some of the tools as well as the web site and any of the peripheral bits of software required.
Currently Dave is employed and lives in Sussex whilst Malcolm lives in North Wales and works mostly from home when required. Their aim is to make a living from the selections given on this site and they aim to do this some time before the end of 2003.
Dave's main other site is www.melonfarmers.co.uk whilst Malcolm's other site is www.dragondrop.com. We are also involved with www.weakfavourites.co.uk, but this site needs a little more work on it.
Malc and Dave, Cheltenham Gold Cup Meeting 2003