
22nd January 2003, 04:01 PM
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Member
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Join Date: Jan 1970
Location: Canberra
Posts: 730
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Fryingpan - you're welcome :smile:
GeneralGym,
I am not saying that the market price is some magic predictor of each race - obviously sometimes the bookies and the punting public get the prices wrong and it is only by identifying these "mistakes" that you can make a long-term profit (obviously by betting on the runners where the price is higher than it should be). As to whether the general opinion of thousands of punters is more accurate than the opinion of a much smaller number of bookies - I am not sure but I think the TAB prices are slightly more accurate.
With regards to your question on the percentage of winners priced less than $10 my figures give the following:
48% of winners are $4.90 or less
78% of winners are $9.90 or less
89% of winners are $14.90 or less
93% of winners are $19.90 or less
99% of winners are $49.90 or less
__________________
"Computers can do that????" - Homer Simpson
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