2nd April 2006, 03:24 PM
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Suspended.
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Join Date: Jan 1970
Location: gippsland lakes/vic
Posts: 5,104
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Quote:
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Originally Posted by marcus25
No! not some random number!
Common sense I would say. I personally settled for $2.50. Reason? Odds on favs just do not win often enough to produce a profit. But odds above the 2.50
line fit nicely into a 20 to 25% strikerate with an ave. return big enough to make some money.
If you call that looking for value, yes I cheerfully admit I am.
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2.50 is no good for the strike rate you mention Marcus. You would have to do better than that. At best your treading water [25%SR], at worst your losing [20%SR].
'Fair' price or 'Value' is subjective and basically means a price that is profitable for your [own] SR. A personal value to be worked out from punter to punter and from bet to bet. Trying to put a definition on it for everyone has as much chance as trying to define 'big'. |