Pricing
 

Does anyone have a basic method of pricing the main chances in a race. Usually 4 or 5?

benny

Think A Little Harder
 

You can't just price a few runners mate you have to rate the whole fields chances and then price the lot to come up with a serious price for the stronger chances.

Otherwise your just guessing.

Not as mad as I look

Doh

I'd be interested in knowing how the bookies arrive at THEIR odds. If someone has experience of their methods could you, maybe, give a working example for a race, say, tomorrow or Friday. Thanks,in advance, I hope!!! Cheers

Bookends
 

90% of todays bookmakers (cough cough) frame their opening market from the early TAB prices (around 145 to 165%) OR copy each other (Doh same result)

The other 10% hire analysits (I droped out of kindy so kan't spell and always have trouble with this word) to frame a market then bet around that market and the weight of money

pricing
 

a few of the bookies at my old local track (fannie bay!) used a fella out of sydney whos name escaped me long ago, who would fax thru his markets on a saturday & wednesday morning. i was always amazed at how accurate they were so had to assume that a lot of southern bookies were also using them.

cost about $150 for the 3 main meets, & seemed to be money well spent, as the bookies rarley were seen with their shorts around their ankles. that usually only happened after the odd local race or 2! :)

benny, i assume you want early odds & as there is no one simple method that one can use with any real accuracy, all i could recommend is a website like the WA Tab, they can be a bit off but in general they have identified most of the shorties.

otherwise just wait for the markets to open, havent got anything more important to do have you!? :)

Was a weekly, often bi-weekly visitor of the Fannie Bay racecourse myself Davez, me old man's work put us up in this ripper house on East Point Road, tennis court, pool it was called 'The Plantation'. And the best part, less then a km away from the track, there was always a bookie on course so could get "board odds" for every race, every day, it was great. The $5 shanks on Wednesdays were an absolute bonus. As for framing a market; it is very subjective. I go about things a different way, if i think a horse will win i trust the powers that be to come up with its' price, the main aim is to get the best odds available on every bet you make.

wasnt the "jim beam" house was it?

Two doors down, at 102. Had a massive front yard with heaps of palms, i know how many because i was the barstard picking up all the frons and coconuts. Great place to live, Darwin, hoping to get back for the cup this year.

Evening all. Does anyone know whether bookies SP odds or TAB odds are "closest" to actually observed racing results (in general). You can approach this any way you like, though I imagine it's a case of whether always betting on, say, the fav returns less/more with one or the other, per annum. Likewise the second fav, the third fav etc etc etc, taking into account the differing "edges". Hoping for enlightenment!! Cheers

Considering that TAB's are legally bound not to take more than 17% or so,I think you may be mistaken with your 145 to 160% guesstimate!