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Originally Posted by [B
cj[/B];2291294]Of course there are some that go up in price. There are some high profile guys on twitter that point them out. But the percentage is highly in favor of horses dropping in odds. This doesn't mean it is past posting. It means the late money is the smartest money, which isn't really a surprise.
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Please listen to this voice of reason.
It is absolutely dead on the money.
And why do the odds move more today than they did 20+ years ago? Because a gigantic percentage of the late bet money is concentrated in a handful of people.
If that money was spread over even a few hundred people instead of certainly less than 10, there would be more variation.
Now, here's the final piece: When a particular track has a big "favorite day" the big boys lose money because the pie was sliced too many ways. That is, they were in agreement and killed each other's prices.
I hope that makes sense.
Dave
