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Originally Posted by ValueBetting
To All:
I do know that having an instantaneously available betting line is a great help to me in finding the best betting opportunites among many racetracks, even though some of you (obviously serious and expert handicappers) can perhaps match it for your "home" track, after much work.
Verification of the stats you want will expectedly come later. Adieu.  |
Would you mind explaining where the value comes from? I am not sure that measuring the difference between self-calculated betting lines(or oddsline if you prefer) and the tote odds(or expected payoff as I prefer) really means anything.
After all, two guys could very well be standing next to each other by the rail and one guy makes the #2 horse to be 5-2. The guy standing next to him may make that same horse 3-1. If the #2 horse wins and pays $9, both guys make a $7 profit. How could there be more value for one player over the other.
I strongly suspect that "value betting" is just a gimmick some book writer came up with to sell another book and was quickly picked up by the software developers in order to ad another enhancement to their handicapping software.
It is possible that I am wrong and would gladly admit so if you would please show me an example of value betting and how it causes you to make more profit in the long or short term.
Thanks,
JM
