To All:
As you know, I have a computer-generated odds line with "fair odds" from
1/1 through 7/1 on the win contenders in each race at most racetracks
in North America.
In reviewing your remarks on Parts I - III, together with Barry Meadow's
comments, you are OF COURSE correct that what I have documented is not
necessarily "profit" but "win" performance.
That is, for example, if you bet all The Valuline horses listed at 1/1, you
have a verified 50% chance to win (that is, cash your ticket).
You do NOT have a 50% chance to make a "profit," unless the mutuel
of the winners is MORE THAN 1/1.
(That is, you may "lose" ( if most winners are less than 1/1)
you may "win" ( if most winners are more than 1/1).
Sorry - I apparently didn't explain this clearly early on.
I must conclude there's some great white sharks among you.
Sincerely,
Dave
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.
