29th June 2003, 07:55 PM
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Member
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Join Date: Jan 1970
Location: Melbourne
Posts: 166
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ODDS ON FAVOURITES METRO ONLY, ALL DAYS SINCE 1/3/99 to 31/5/03 (4yrs 2 months)
Selections: 783
Wins: 412
SR% = 52.8%
POT = -10.4% on turnover.
It's a fact that on average across all races, horses at the shorter end offer better value than longer priced horses. What I mean by value is that the shorter the average price of a group of runners, the narrower the gap between actual and 'should be' strike rate.
This is what's termed a favourite-longshot bias in the market and it exists in horse race markets worldwide.
Of course within any price group there will be individual horses that are poor value and others that are good value.
The other advantage of betting at the shorter end is that you have a higher strike rate and much less variance, which is extremely important from a betting and psychological standpoint.
Despite this the key is to onyl bet in situations where you think you have an advantage. If you can't state clearly why this is a profitable situation for you to bet in then you should keep your money in your pocket.
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