A big Sydney bookie I used to work for had many sayings. One of them relates to this topic. If 1 person had $10000 on, it didn't worry him, if 2 had $5000 on, it didn't worry him, if 10 wanted $1000 on he took more notice, but when 500 people wanted $2 on (you get the idea) he really took notice.

That is the problem with follow the money systems, you have no idea how many bets that is.

Remember back when Ron Dufficy was doing that punters club with the TAB, he was rarely in profit but at times he could make the market move with some of the bets he placed.

And also include the bookies balancing their books and hedging their bets

Benton
 

---

Hi Benton


Are you able to direct me to this link ?
I was following Bhagwan's bet the 3rd fav in the first 6 races.

Jack

Hey Jack.

It's under my thread here:

http://www.propun.com.au/racing_for...?t=21306&page=1

Well, I guess this myth is BUSTED!

Party
not busted. You just have work out what is smart money going on and what is herd money. I don't get into the Tab much. went a few times to top up my Tab account. The last minute the machines get swamped. Ditto with all the online punters. everyone is looking for how the market is reacting before they put they bet on. The smart money comes from those in know and the bookies balancing their books. This money only goes on in the last minute. That requires computing power and live access to the tote.

Smart money and tote..............the 2 don't really go together.

In the past i would agree Mark but today more and more people are being denied bets with bookies and unless BF has the volume the only other place is the tote.

I did an exercise over 30,000 races & found that there were days where it indeed gave the impression that so called smart money was indeed correct.

Then the next 2 days they all ran 4th.
How come that?

In other words ...
Some days did well & others did not.
It was 50/50 in the end.