Zlotti,

Obviously the answer to your question is not very long.
Here is a question.
Over time, a long long time, the horse with the best winning strike rate wins 20% of the time, just for arguments sake.
Does that mean that unless you are taking greater than $5.00 about these runners you are not getting value.
Or is it the case that every race is an individual event, therefore you need to price each horse with the best winning strike rate in each race.
Thus coming up with a different price and then you shop for the value each individual time.

Your ponderings are very interesting, thanks for the input.