19th January 2007, 12:59 PM
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Member
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Join Date: Jan 1970
Posts: 4,415
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crash,
What I mean by accurate ratings, is that they are overall consistent, not just on some races, in some months etc etc. This doesn't necessarily mean that they will be accurate every race either, as long as overall they are accurate.
Whether they show a profit, breakeven or even show a loss does not matter to me, I need to know that accounting for the discrepency that backing overlays and laying underlays will return a consistent profit and that the ratio is accurate of greater overlay & greater overlay plus more money on = more profit.
This is overall.
If the (greater than) scenario is not accurate, I'll make a loss, perhaps a big one.
Just like a bookie, I don't need to win every race, because the overlays are in my favour longterm, as long as the prices I accept are within the boundaries of profit and the overlays and underlays are true overall.
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