Hi moeee,

I'm not betting every day, had some time out with the missus and mates.

Coming back to your pricing, I noticed that you often use the phrase "if it's an overlay?"

Overlay in what sense and according to who's prices?

You see what we all do is rank the runners in order according to our ideas of what we consider important, and allocate certain points to them and we may convert those chances to prices or leave them with points.

But those prices have very little if anything to do with reality, they are simply an indication of the perceived chances of the animals in the race according to you or I and the way you convert points to prices.

So if I price dog A as $3.00 and you as $4.00, then when is it an overlay?
Getting my drift?

How you work out if a dog is an overlay or not is solely dependent on your S/R and average prices you get on your first second or third etc. selections! Nothing else.

I'm not going to harp on about the importance of keeping records, but at least you must know your S/R!

So let's say you have a S/R of 30% on your first selection, then, if don't know your average dividends the minimum theoretical price you have to get is about $3.5 to make a profit.

But you must be getting much higher returns on some dogs, so you can lower your minimum acceptable price to as low as $2.6 on a 30% S/R.
But it all depends on your average prices, if you get much higher prices on some dogs then you can go lower on some others.

Now any animal as your first selection over that price is an "overlay" for you!

Someone else might have a 40% S/R so he could go as low as $2.3 as his minimum price, providing of course that most of your first selections come in at a variety of prices, if most of them come in at less then the theoretical $3.5 thus lowering your average prices below the minimum then you will lose no matter what, sure, you get the winners but lose money.

I hope you understand where I'm coming from, re. overlay?
An overlay for you is not the same as for me or someone else.

Since you use the same rating method it should be easy to find your S/R and ave. prices.

You can go back and look at your posts for the last few weeks and quickly work out your strike rate and average prices obtained and Bob's your uncle.

Good luck