A comprehensive guide to terms, tools, acronyms, and abbreviations used throughout Hedger Pro Version 2.0.
Projects & Strategy Architecture
Term
Meaning
Project
A master strategy container holding related systems that share the same core rules (Back vs Lay side, MTP cutoff, Staking mode).
System (Child System)
An individual angle or specific filter configuration sitting inside a project. A runner qualifies for a project if it matches any of its systems.
Active Project
A project enabled for live monitoring, generating qualifiers on race cards, and participating in Portfolio automated betting (up to 50 active projects allowed).
Draft Project
A sandbox project used for researching, testing, and refining strategies in the background without placing live bets (unlimited draft projects).
**Combined Project (*)**
A project created by merging multiple projects together, marked with an asterisk (*) in shortlists.
Qualifier
A horse that meets all filter criteria of a saved project or system for a specific race.
Pre-Qualifier (⏳)
A runner that currently meets dynamic criteria, but the race has not yet reached the project’s MTP cutoff time (visible on today/future cards).
Confirmed Qualifier (✓)
A horse meeting all criteria whose MTP cutoff has passed, fully confirmed for betting.
Inactive / Paused Qualifier
A horse matching system rules whose project is either in Draft mode or has been temporarily paused for that race.
Shortlist
A saved project view on the Cards tab displaying qualifying runners across today’s or historical races.
MTP (Minutes to Post)
The scheduled execution time in minutes before the official race off (e.g. 5 MTP, 1 MTP).
2.0 Research Innovation Tools
Tool
What It Does
The Slice Tool
Breaks any multi-category filter (e.g. Courses, Classes, Countries) into its constituent parts side-by-side without manual one-by-one testing.
Slice Actions
A one-click feature inside the Slice Tool to automatically split winning slices into separate child systems under a project.
The Baseline Tool
Overlays a dotted market benchmark line on your P&L curve, proving whether your filters add genuine alpha or just market noise.
The Glasses Tool
Comparison overlay mode displaying your saved system as a green line and your active test as a red line, letting you see immediately if an iteration improved performance.
Feature Importance
Machine-learning analysis ranking each active filter by percentage impact, highlighting key drivers and identifying 0% noise.
Discover Mode (Deep Search)
AI feature scanner suggesting impactful unused database filters to enhance your strategy.
Book Covered
Capping the cumulative percentage of the betting book taken by your system, with Odds Ascending (eliminating extreme longshots) or Odds Descending.
Bets Per Race
A filter capping how many runners your system can select in a single race (e.g. max 1 bet per race).
Anti-Backfit Window
Withholding the most recent 6 months of race data from filter charts so you can validate strategies on fresh, unseen data.
Cards Tab & Layouts
Term / Feature
Meaning
Combined Layout
Shortlist view displaying all qualifying runners in one continuous, seamless table across the day.
Separated Layout
Shortlist view grouping qualifying runners neatly by race blocks, with dedicated caption bars and per-race sorting.
From Now
A filter in shortlist view showing only qualifying runners in upcoming races from the current time onward.
From Start
Shortlist view loading all qualifiers from the very first race of the day.
With Quals
Meeting filter option hiding all races that have no qualifiers for your currently ticked projects.
Column Editor
Tool (bars icon) to customize visible table columns. Layouts save globally on single races, or per-project on shortlists.
Card Settings
Configuration (cog icon) controlling Stats Top Row and Bottom Row display modes (Value, Score, Rank, Rank Score, None).
Betting Slip & Order Badges
Term / Code
Meaning
Single Bet
A standard back or lay order submitted to the exchange or BSP.
Hedge Bet (B2L / L2B)
A two-stage trade: B2L backs first then lays when the price drops; L2B lays first then backs when the price drifts.
Target % Slider
The profit target for the closing leg of a hedge bet (100% ≈ double your stake).
Scheduled Order
A delayed bet queued to fire at a specific MTP cutoff, subject to minimum/maximum odds and qualifier checks.
SB
Scheduled Back order.
SL
Scheduled Lay order.
B
Back order submitted or matched.
L
Lay order submitted or matched.
B2L / L2B
Hedge order in progress.
Performance & Statistical Metrics
Code
Meaning & Description
R / Runs
Number of recorded runs during the lookback period.
W / Wins
Number of recorded victories.
SR%
Win Strike Rate (Wins ÷ Runs × 100).
ROI% / Yield
Return on investment (net profit divided by total stakes).
Max DD
Maximum Drawdown: the largest peak-to-trough drop in betting bankroll.
IV (Impact Value)
Ratio of actual wins to statistically expected wins (1.0 is average; >1.0 indicates outperformance).
PRB
Percentage Rivals Beaten: average percentage of opponents finished ahead of across all runs.
ADB
Average Distance Beaten: average lengths behind the race winner.
HedgerPro User Guide