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Originally Posted by Chrome Prince
The same number of favorites win, but you can bet your bottom dollar the prices are a lot worse now. You see the "real good" favorites have crunched in price enormously. The so so favorites 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.
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I was nodding my head 'Fav. prices going down, doWN, DOWN! YEAH, YES. OATH!" with all that in your post Chrome as I've been on the punt a very long time [about 37 yrs. now] and can relate to that. Then I started thinking about it ...'think' ...'think' ???
Now I'm no great maths. man but my reasoning ability, although mellowed by time a bit, is still pretty sharp and I can't quite get my head around prices going down and fav. SR staying the same due to more info. being available due to Computers etc. [?] Isn't that a mathematical oxymoron?
If the ability to pick winners has stayed the same [same SR as before high tech.] but prices are going down, then that means the number of punters picking [the same] winners has gone up but our ability to pick the CORRECT winner[s] hasn't changed.
In other words, we are still making the same mistakes as pre-HT [high tech.] punters, but just a lot more people [prices going down] are making the same ones!
You see what I mean about the oxymoron bit? It doesn't make sense, as HT should be improving the punter public's accuracy [higher fav. SR] in picking winners, not just increasing the amount of punters in the winner prize pools !
Maybe I just need a BEX and a good lie down [?] :-)