Are these 2 the same thing or are they different?

Another One

When you wish to post the Average Odds , how do you calculate that?
Is it adding up all the Starting Prices of the selections divided by the number of selections , or is it something else like adding up all the winning selections and dividing by the number of winners , or something else again?

Researching this topic only last week, found this thread

http://www.propun.com.au/racing_for...read.php?t=3702

Just found it 2 minutes before I read your post Rhinoman
Thanks though.

With your second question your second option was correct, add up the prices of all your winners then divide this amount by the total wins.

Lets say i had 20 winners and there combined win prices equaled $80
$80/20 = average price $4.00
Some people will also remove the highest priced and lowest priced winner and divide the total remaining by 18 this would only need to be done if you had 1 large priced winner.

I think there is a formula for taking in to account the high and lower prices but i can't remember where i seen it.

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One Drive

"If the corporates are treating you poorly , just go elsewhere."
"If they need you , they will soon find out."
"If you need them , you will soon find out." --moeee
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So this should be factored in? If so, why? thanks

Is prolly a standard deviation sort of thing to allow for Wild outliers should there be any.

Say you have a series of 10 wins from 30 races and 9 of the wins are priced at $2.50 but the tenth win is priced at $15

9 x $2.50 = $22.50
1 x $15 - $15
Total $37.50 /10 = average $3.75

If you used this average as a long term idea that you system could stay in profit you would be in trouble because you are relying on your system that produced a profit from one good return.

__________________
One Drive

"If the corporates are treating you poorly , just go elsewhere."
"If they need you , they will soon find out."
"If you need them , you will soon find out." --moeee
_______________________________________________

Understand Shaun, but then how do you work out your more realistic average odds, ignore that entry altogether? & how do you decide on what is a more than above average return, especially if you have a few of them over a reasonable period?

Once you have a significant amount of selections , then the impact of the top and bottom Odds has much less impact.
I don't know if the Average Winning Odds is as important as the POT and Strike Rate.