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Not all odds lines are created equally, nor do they serve the same goal.
One of the most interesting comments I read on this board was TM's post on oddslines.
TM suggested that "odds smoothing" as done by the most is not necessarily the best approach, if the goal is to maximize profits. TM instead suggested setting an odds term as the opposite of public confidence (as suggested by tote odds). By doing so, we are looking for those horse we have a high confidence of winning that will also pay high odds with a low public confidence of winning.
Thomas Sapio
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