Where's my profit gone?

[Kithanga]

Struggling to turn a profit over the last 12 months or so despite beating SP hands down. The prices I'm taking are on average 35% above SP yet my ROI is around 2%. How can this be after nearly 500 bets at an average of about 7-1? Surely I should be well up? People talk a lot these days about how accurate the market is and how horses that shorten in the on course market do better than they used to. But that just isn't playing out for me at all. Last few bets for me 13-2 into 4-1 lost 7-2 into 3-1 lost 14-1 into 8-1 lost 8-1 into 6-1 lost 7-1 into 3-1 lost 8-1 into 4-1 lost 7-1 into 9-2 lost 5-1 into 7-2 lost 4-1 into 9-4 lost 11-4 into 6-5 won 13-2 into 5-1 lost 11-4 into 5-2 lost Not a single drifter yet a terrible set of results, many being unplaced. I just can't fathom it as I'm not talking about half a dozen bets, this is over 500 or so. Help!

[erhaab1965]

Re: Where's my profit gone? Simple....you need to access your bet selection. You are picking losers not winners. I have the same problem too. I'd much rather back a 4/5 winner rather than backing a loser which has gone from 8/1 to 9/2. Beating SP is no good if they consistently lose.