Hi Chrome,

The way I explain it is that the price of the runner has nothing to do with it's value..whats important is the difference between that and the price it should be.

You can use such a betting plan against your own prices...or the markets prices.

If you price a horse at even money then you should dedinitely have more on it than a horse you price at $5.

Also, I can guarantee that for 99.99999% of people that have had enough bets to form reasonable conclusions...that the horses they back at $2 have won more than the horses they back at $5 and they have won more than the horses they have backed at $10. It is inefficient then to have the same amount on each and more efficient to stake according to the winning chances.