T-Score and P-Value

A few years ago we added the Archie Score into the TSM Quick Stats. Based on the Chi Square Formula it attempts to tell us the probability that a set of results is down to chance.  Recently the T-Score and the linked P-Value have been added into the TSM Quick Stats.  This is another way … Read more

Inform Racing – Speed Ratings & System Builder

Inform Racing is run by Ian Welch who is well known over the years for the Speed Ratings he produces. Ian has recently created a new System Builder that allows you to build your own selection systems. The video below explores this System Builder in detail. Included in the System Builder is the ability to export … Read more

Archie Score – Chance or Fluke ?

How do you know if your betting results are down to chance or skill ? This question has been explored in TSM from its inception in 2005. The very first TSM used the chi square formula to try and answer this question.  The Chi Square Formula was able to tell us on a very basic … Read more

How Do We Calculate Layers Edge

How do we calculate Layers Edge ? First let’s look at what Edge is :  The predicted future gain or loss is called expectation or expected value and is the sum of the probability of each possible outcome of the experiment multiplied by its payoff (value). Thus, it represents the average amount one expects to win … Read more

History of The Staking Machine

It was in July 2005 that the idea of The Staking Machine was first born. My own interest in learning and researching maths, statistics and all things betting meant an Excel Spreadsheet was created. Initially this was a simple spreadsheet used for backtesting various betting systems I wished to develop and use. But as the … Read more