An analysis of seasonality could have been included in the section Test Results
but I didn't want it to be lost in a litany of numbers.

Many racing pundits believe that the early period of flat racing in a typical UK
calendar year is difficult to analyse. In fact, the results for the month of April
over the period 1998 to 2004 confirm this, for both strike rate and ROI%.

The month of October, with the flat season tailing off and the winter jump
season starting, also seems to produce below average results, but not as poor
as during the start of the flat season.

Analysis :

MONTHJanFebMarAprMayJunJulAugSepOctNovDec
STRIKE RATE0.2720.2910.2770.2460.2810.2780.2790.2810.2720.2620.2890.276
ROI%-2.34+1.38-0.03-6.90+5.68+4.01+1.01+4.99+5.37-1.09+1.47+4.11

The average strike rate over the period was 0.276 with an ROI of +1.76%.

The month of April is further analysed as follows:

Type of RaceWinsRacesStrikeProfit ROI%
Flat Turf 384 1724 0.223 -265.76-15.42
All Other 668 2550 0.262 -29.35 -1.15
Total 10524274 0.246 -295.11-6.90