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Originally Posted by AngryPixie
Yes that's basically what I'm doing at present. I'm only placing small lays to just feel out the edges of the price moves. Some guys on another forum have done some interesting work on converting SP prices to BF prices. They're using three equations for three different price bands. I'll have a chance to look over those this weekend I hope.
How's things with you?
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I'd be very interested in that price conversion, if you can give me a hint to which forum it's on.
Things are ticking along nicely, but I'm still struggling with the apparent anomaly of Australian price movements versus every other country.
I'm starting to think (can't prove it) that by comparison Australian horseracing markets are tiny, therefore any movement by "informed" money
has a greater chance of being correct, than price swings in big markets.
Not sure why, how, or whether it's just a perception, but this has been going on for many months now.
It's time to take notice and really start doing the reverse of what I do overseas on aussie markets.
I posted some time ago on this, and whenever there's money for a horse, they just seem to win, I cannot get profitable lay bets at any price!
There were 10 in a row the other week at various venues. (Favourites only that firmed on Betfair).