24th December 2006, 04:45 AM
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Member
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Join Date: Jan 1970
Posts: 4,426
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Quote:
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Originally Posted by crash
It's interesting to note that since the introduction of computers with all the stats. now at our fingertips, the favorite win rate SR hasn't changed a bean.
In other words, the public who's weight of bets decide which horse is the final SP fav. has not improved it's ability in selecting the true SP fav. regardless of all the new high tech info. available.
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The same number of favourites win, but you can bet your bottom dollar the prices are a lot worse now. You see the "real good" favourites have crunched in price enormously. The so so favourites have still held their price.
Edges have been ground away with the advent of computers, internet etc.
I know one old guy who had a system that returned around 18% POT over twenty years and in the last ten years it's gone to negative.
Of course, it could just be his system, but it's a very wide ruled one and I can't see why it would change, as the strike rate stayed the same, the odds have been decimated. |