I would generally back a rated 50% chance @ $2.50. Again, everyone's different and I do equally well on them as I do with say 4% chances but I avoid the latter because of the long runs of misses. You have to adapt to what you are comfortable with.
So are you going to take barryb up and contribute to the prize Thommo?
And Newmarket, I don't think anywhere I tried to change the rules. In the spirit of the season I added to the prize so the winner can potentially make a significant donation to their favourite charity and Mardi added to that and the take home prize for the winner.
If you win, you need not accept my share of the prize. That's fine with me. I'll donate it directly to my choice of charity instead.
From the rules for this on the comps thread:
2. 2 best bets on each day, which means you have $2 ew on those selections
I've set up the dart board for those!
Hmmm..fair point barryb. However, I think that's covered isn't it? If I rate something as a dead set cert, it's a 100% chance and all other runners are necessarily 0% chances. I might or might not find sufficient value in the 100% chance to have a bet, but I also will never find value in any of the 0% ones?
NO, not a mistake! That's exactly what you should do. Not back the horses you think are most likely to win (if no value), but the ones that represent value relative to the chance of winning you rate them to have. Stick with that.
OK .... in the spirit of the holiday season, I'll add $200 to the prize. Condition is you get one NZTAB bet with that and any proceeds go to a charity of the winners choice.
Yeahh, I had it at 2.80, not that I trust my NZ pricing yet. Couldn't touch it. The returns always come, not that some understand the principle. I've had 60-70 misses in a row on 20+/1 chances, then landed 3 or 4 in the next 40. That's the whole idea of sticking with value bets and making sure your pricing is more accurate than the market.
I don't usually do comps but might come up with a variant of the BP for this one. My generalised population stats suggest it should produce slightly better results than the BP if applied before the races. It won't have a dog's show against the BP applied after the races though.
I'm all for free speech however stupid it may seem to be. We all have a choice about what we read or believe. On the other hand, I hate to think that people might be misled, especially if that ends up costing them money. Whatever, I'd say caveat emptor applies and a bit of diligence on BOAY would well inform anyone about the risks of the BP.
Yep, it'll need a comp where entries close "at the start of racing on each day" but the day after the events you are betting on. I assumed that's what you meant in your rules? Should be a close contest that way too.
You've made no case for that. Stakes should be directly in relation to revenue generated, not geography. On that basis it will probably be closer to the other way round. Where would the extra money come from for your proposal?
That's called competition, I think. Most other industries have it. For some reason, this one wants the inefficient, poor product an economical operations to be subsided by the rest and from the proceeds of other business.
They were dipping and diving in heat 2 and had to put cones out to complete the 6 trial meeting. Perhaps there's not many want to run a decent horse on that track even for 100 or 200k?
And the 8 or 10 I put up ... I think that's closer than 20 .... but Thommo can't count let alone understand much ....were between 20 and 30/1 .... all before the race too. I don't bet on over 7-10% chances so I can put those up without affecting my chances of getting on at value. Since I bet on the tote. I probably needed one winner in 20-25 bets to make a profit.