Because I thought it was interesting, and some have indicated that they are having a go at framing their own markets, I'm going to reactivate this thread with a few questions for the gurus on here and hopefully the thread can stay constructively on track.
Barryb and Mardi in particular, and anyone else with expertise and knowledge in this area,
1. When assessing a race or runner, how many variables do you consider?
2. How much time on average do you spend assessing a single race or maybe 8 race meeting say (excluding any reassessment due to change of track condition, scratchings etc.)?
3. I know that Mardi uses apps for simulations to get his estimate of chance and maybe to assess his expected times. So, my question is what proportion of the assessment is software based and how much is done manually?
4. Mardi, I think you said somewhere that closing BF prices are a pretty good approximation of an accurate market. I'm also pretty sure I read a study (I think done in Hong Kong) showing that the correlation between closing tote prices and results was only about 35-40%. My question is, on events where there is sufficient volume for it to apply, how much better is a similar correlation with BF closing prices?