Thread: I'm more bored
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  #3  
Old 10th April 2011, 07:38 PM
wesmip1 wesmip1 is offline
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Join Date: Sep 2005
Posts: 1,601
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Well Number 1 won it ... at $1.10. Must be a lot of people checking your tips.

Seriously though, moeee do you try to target value or a high strike rate ? If you targetting value what edge are you considering acceptable before betting?

For instance if you target a dog at 33% that works out to $3. If you assume you have a statistical deviation of around 10% then you should assume that it is at value anything over 33% - 10% = 23% = $4.34 Anything less then that and you are kidding yourself as chance will affect your betting.

If you rate a dog at 12% chance then that is $8.33 And you assume you standard deviation is around 10% then your odds are only good on this dog at 12%-10% = 2% = $50.

I am not sure how you are doing your pricing but I would hope you read the above and use it. But first you need to know your statistical deviation for you ratings vs strike rate.

Good luck.
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