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There are three books I'd recommend reading in search of odds-line calculation.
1). Thoroughbred Handicapping as an Investment - Dick Mitchel
2). Money Secrets at the Racetrack - Barry Meadow
3). The Four Quarters of Horse Investing - Steve Fierro
After reading and understanding these publications you will discover what goes into building a credible rating system or odds-line.
After years of trying to perfect an odds-line I have come to the conclusion that the Four Quarters approach to odds-line construction is about as good as it gets. Couple that with Barry Meadow's Win Bet Chart and you have a viable means to attack racing from a edge/odds probability window of your own making.
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