27th September 2005, 11:22 AM
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Member
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Join Date: Jan 1970
Posts: 578
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Quote:
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Originally Posted by Oaksnaf
Hello, Ive read a lot about people calculating their own race odds. As in they rate #1 a $7 chance, when in fact its $12 on the real odds, or the other way round. I'm interested to know how you calculate your own race odds. Or is just based on judgement. Cheers,
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There are a number of methods of turning ratings into prices.
Simple example:
Horse A: 100
Horse B: 90
Horse C: 80
Total 270
Converting the ratings into prices:
Horse A: 270/100 = $2.70
Horse B: 270/90 = $3.00
Horse C: 270/80 $3.38
In reality the process is a little more complex than this example, but the principles hold true. It also depends on what the rating figure represents. kgs, time difference or some other measure. |