9th October 2005, 08:55 PM
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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 ****************
ive just been trawling the net and this value thing keeps popping up, i dont get it a win is a win surely. if you think a horse is going to win and you expect to get 5 dollars 4 the win but its only showing 2 dollrs why the heck wouldnt you bet, i mean if you are positive this horse is going to win surely any price should do,,,,??
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As BJ mentioned, there really is no need to open a thread on 'value' again as there is heaps on this as well as other forums.
But put it this way: It is reasonable to assume that over any extended run of the spin of a roulette wheel odds/evens, red/black, high/low numbers will approximately split 50/50 of the time so there can be a degree of confidence that this will happen. Only problem is that whatever choice is made does not offer any long-term value, so that despite getting plenty of wins, most gamblers will end up losing because of this lack of value. That's why casino operators stay in business and many gamblers have problems.
It's the same on the punt, back enough under-valued horses and a punter will end up the loser.
Don't fool yourself for one second that this is not the case.
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