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View Full Version : VALUE BETTING AT THE RACETRACK


PlanB
09-30-2006, 11:13 AM
I received David Johnson's book, Value Betting ...... I'll abbreviate it as VB ....
on Friday. I ordered it by CC on the Web on Wednesday, so they must
have used JET EXPRESS, but I was real pleased since I had Friday off. I just
finished reading it & if it's not too redundant, here's my impressions.
In Total, I enjoyed it very much. It's clearly written & well-thought out & it's
a definite point-of-view. The author, Dr Johnson, seems very sincere & honest.
I only rarely got the impression of being lured in buying something --- and LOL
I am going to buy some days worth of his ratings.
VB examines: CLASS, CONDITION, PACE, SPEED, CONNECTIONS. These are
its main factors, defined by proprietary formulae with WEIGHTS attached to
aspects of these traits. So, for ex, VB measures CLASS with 8 MONEY BOX
stats ($ WON this Year/ Last Year/Lifetime etc etc) --- and gets a Total
composite measure of Class, at least for older horses.
IOWs, VB isn't just some strategy to create an odds line, but rather it
was a fully-researched SELECTION METHOD first, with factors defined
and combined and weighted AND then PROVEN to work; the ODDS LINE
was then created after all the grunt work.
Yet, it's the ODDS LINE that determines if a system's picks should be bet.
VB gives very good documentaion of its output .... what you can expect
to see if you buy its ratings.
All in all, its the Ainslie COMPREHENSIVE CAPPING + VB's ODDS LINE.
Also, VB's odds line is itself very well researched according to Johnson,
and probably has no equal that he knows of.
Knowing how experienced most of you here are, I've probably just echoed
what you know first hand, maybe even used via TrackMaster etc, but
although I started with the bias against Odds Lines --- which I still have ---
this book seems to work as is, and if VB works as written about, then
I would be foolish to ignore its Odds Line & just bet it's picks.
I humbly give VB 1.2 Thumbs UP.

xfile
09-30-2006, 11:48 AM
You've got to be kidding

Overlay
09-30-2006, 04:43 PM
I take it you got the Value Betting program along with the book (Value Betting at the Racetrack). I don't recall the book itself going into any of the mechanics of how to construct an odds line. It just emphasized the advantages of making an odds line and betting based on value, as opposed to using various popular isolated angles.

PlanB
09-30-2006, 05:05 PM
NO Overlay, I just paid $10 for todays' races at Belmont. After that it's pay
ten again or dis-mount.

PlanB
09-30-2006, 06:10 PM
RACE 10, The Finale ...

VL listed 4 horses: 7-8-4-9. The winner was among them, but NOT to be bet
because VL asked for 5:1 & the Winner, #8, Gigli, went off at 9:5.

Horse# Track Odds VL Odds Decision

#7 (11: 1) 3:1 Good Deal

#8 (9:5) 5:1 NO BET

#4 (4:1) 5:1 NO BET

#9 (16:1) 7:1 Good Deal


Just my opinion, but from my very limited use of VL picks I can see
where the users fall over their own feet. Take this last race:
I had the $25 exacta, and the winner, but not because of VL.
I liked that VL listed these two, but the odds restrictions get a
bit confining. And you can see where the #7 and #9 are concerned,
VL users are creaming. The order of finish: 8-4-5-6. I took an
8-4-5 EX box.

Would I pay $10 again? Maybe. It was sorta fun to play with VL.
If only that Monster Play in R9 didn't bait me in w/huge odds.
__________________________________________________ ______________

Overlay
09-30-2006, 09:40 PM
Thanks for the clarification.