There's value on the back and the lay sides of the ledger. If you can't back at the price you want, then lay it!

I'm 100% with Top Rank on this. There's just too much subjectivity over what the term "value" mean's. For me I prefer to talk in terms of advantage. I know that over time my top ranked horse (regardless of it's rated odds) wins a certain percentage of races (A). Using the SP's I can work out how often the top ranked horse is expected to win (B). If (A/B)-1 if a positive number then I have an advantage, and I don't worry too much about the short term prices. It's how things pan out in the long term that matters.

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Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash