Originally Posted by demodocus

This illustrates something that I find philosophically interesting. We "raters" use methods which are designed to find the winner of a race and which are not designed around 'price'. We leave it up to the ratings user whether or not they accept the price that is on offer.

However, many users want the strike rate (that a good rater generates) combined with odds that are an expression of the extreme unlikeliness of the happening coming to pass.