Quote:
Originally Posted by Dave Schwartz
Dick Mitchell said the same thing - that his underlays outperformed his overlays.
I've also found that in the entire make-a-line-and-bet-into-the-tote process.
Benter made it work by... well, making it work. LOL
People from inside his former team, have told me that he started with a high weight for the public's opinion and, over time, was able to lower that weight substantially.
This approach, what I call, "smoothing," has fallen into disuse as the final tote odds have moved towards higher efficiency relative to gate odds.
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Based on Benter’s published report (previously posted) I felt your comment on so-called “smoothing” was a bit overstated.
So I contacted my mentor about it because he’s been in direct communication with Bill. He confirmed that Benter never reduced the weight value of the public’s odds. In fact he did just the opposite. He also mentioned that no one on his team was ever made aware of the exact algorithms he was using.
