11th March 2012, 12:51 PM
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Member
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Join Date: Jan 1970
Location: Western Australia
Posts: 3,457
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Help needed
I was looking at my pricing structure for ratings and can't work out why i have it set up a particular way, more than like my old age has started to kick in.
I think it was a member here that put me in to this method, so am hoping that member may remember better than me, if only i could remember who, haha.
The normal way to price up a market is to add up all the ratings to get a total then divide each rating in to the total to get a percentage then convert that to a price.
But what i have is 2 groups (Group A) only uses the top 5 selections and uses the above method (Group B) uses all the runners then apply's the prices to the other runners outside the top 5
What i think this does is tighten up the prices of the top 5 because these would be the most accurate rated runners seeing as 70 to 80 percent of winners come from this group.
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