26th October 2004, 01:30 PM
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Member
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Join Date: Jan 1970
Posts: 4,415
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Quote:
On 2004-10-25 18:38, thetout wrote:
Is backing a winner @ 1.75 not value after you have done the the ratings and this is your top rated horse for this race.75% is not bad value in my book.I know it is not as good as getting a winner @ 5.00=400% on the invested $.Even if you have $57.14 on to get back $100 it must be still Value that =75% interest but not as good as $20 to get back $100 =400%
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Some would argue that any winner is value.
This is delusional and what the bookies like hearing.
Backing a winner at $1.75 is value if your ratings have stood the test of time and you've rated the horse $1.50 chance.
Value is not whether the horse won today or not, it is whether over a long period of time, you are able to get better prices than your ratings suggest, or if you don't use ratings - what your system's strike rate is. |