Puntz wrote: 'So perhaps then it's the probability of the punter getting it right ?'

Yep, exactly what I had said [ ability to interpret variables or, 'the punter getting it right' ].

Bookies are professional gamblers that also have the advantage of setting the odds so they are hard to beat.

'Bias' is just another variable to be interpreted.

The favorite strike rate [ 30% ] is as good as it gets in overall year in, year out collective consistency. Beyond that, individual skill [ interpreting race variables, race selection etc. ] can improve/diminish our overall personnel success beyond/below 30%.

The above refers to our ability to select winners only and not other areas such as the skill involved in turning a profit [ betting strategy, money management etc.].

Horse racing [ 70% of it anyway ] is just another game of chance where we can select our own numbers, like Tattslotto. The only difference is the odds and degree of randomness. One, variable through skill, the other, completely random.

Benny asks, what price a horse ? In who's opinion would be the answer as a horse's value [odds of winning ] can't be scientifically measured.

'A horse, a horse, my Kingdom for a horse !'
Obviously, opinions differ.

Cheers.


[ This Message was edited by: crash on 2004-02-17 10:26 ]