I have found time of day patterns are just a bit of a coincidence and the major underlining factors actually are the types of markets that occur at these different times. For example, evening races can be quite weak at certain points in the year compared to the early afternoon. This is true also for day to day and week to week and I suppose even (though not been collecting data long enough to confirm this yet) year to year.
If you chop your results up and notice certain times do better don't just leave it at that and blindly say, "I'll run strategy A between 2pm and 5pm only". Let it draw your attention to other factors which may be more responsible i.e. the types of markets that are abundant at those times.
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- firlandsfarm
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I've edited your quote to reflect the following results of 'System A' (AW) …CallumPerry wrote: ↑Thu Feb 27, 2020 9:05 am... evening races can be quite weak at certain points in the year compared to the early afternoon. This is true also for day to day … If you … notice certain [days] do better don't just leave it at that and blindly say, "I'll run strategy A [on Fridays] only". Let it draw your attention to other factors which may be more responsible i.e. the types of markets that are abundant at those times.
Why should Fridays produce more profit than the rest of the week combined and more than double the next most profitable day, Saturday? (rhetorical!). A friend who has been a devoted racing fan since nappies (as was his father) suggested that Saturday is a better racing day so Friday races tend to be weaker because the better horses are held up for the Saturday and a 'well prepared' runner slotted into a weak race can often be missed. I have no idea if that holds weight and perhaps that Saturday is the second best profit day goes a little against that.
And if I explore a little deeper I find that 6 furlong Handicaps on a Friday account for 98 of those 133 profit points! Or, taking a different route I find that on Fridays while selections are split 48/52 afternoon/evening the profits are split 75/25! Any other day of the week the race time and profits (losses) are roughly in proportions. So what's so special about 6 furlong AW races on a Friday afternoon?!!

The unknown factor is that it's based on a rating system but where to draw the line between back-fitting and loop-holing? I am following the whole system but I think I will more closely monitor Friday afternoons!

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