14th August 2012, 08:31 PM
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Member
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Join Date: Sep 2011
Posts: 1,561
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Quote:
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Originally Posted by Lord Greystoke
Does it then follow that...
1. All knowledge readily available to the general public is sought out by them
2. The information, when accessed is used without intepretation or manipulation
3. Everyone is researching 100% of the time
I think not.
LG
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As the odds are still the best indication of a horses chnces of winning then you have to be extremely clever/lucky to beat the market consistently. This doesn't mean every race has the odds exactly right, in fact it could be a little or a lot wrong, but overall for every odd overvalued in one race by 10% there is another race where the odds are undervalued by 10%.
Our task as punters is to determine which is overvalued and which is undervalued. But its not as easy as you think it woiuld be. |