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Originally Posted by VigorsTheGrey
It is about morning lines and how they are set....I don't understand the usefulness of the ML and wish it would just not be used anymore....it is wrong so often when you compare all the horses final odds...you can't say that any real effort is put in along realistic lines....the standardized versions are......2, 3, 5, 15, 20, 30, 50... None of which ends up being accurate in the final odds....and even if they are, so what? Just let the odds develop as they occur in real time...does the public really care what they are likely to bet ahead of the actual betting? I think we would get bigger average payoffs if the morning line was eliminated and that would be good for racing bettors...
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I want to offer some push back on this, while I agree the ML serves little purpose to me personally, it does help me win money!!!
The average handicapper uses it, I bet most people here use it to a certain extent. I use it everyday to find likely value in races. While the number is often wrong the order of horses is usually pretty accurate, meaning the favorite is likely the PT favorite or close to, and the 2nd horse ML is most likely either 1-3 choice come post time. Now there are glaring examples where this is not true but over the long run.
Take that into consideration.
Now the track dummy who is having beers with friends and throwing a 20 win bet at a horse, is going to use them more than us, but that is to our advantage over the long haul....dumb money becomes my money.
