New Posts For Thread: Question for the Pros.https://community.betfair.com/general_betting/go/thread/view/94082/29024287/question-for-the-prosIf someone estimated their profit over a year as 16 percent, and then trialled hundreds of bets at around average odds of evens, which again produced (after deducting commission) exactly a profit of 16 percent overall, then presumably that person's eAlsovalue odds rely on 'in the long run' - which again cant be determined. But your strike rate can over a set number of races. (as per example)https://community.betfair.com/general_betting/go/thread/view/94082/29024287/question-for-the-pros?post_id=518593775#518593775Alsovalue odds rely on 'in the long run' - which again cant be determined. But your strike rate can over a set number of races. (as per example)Sat, 14 Apr 2012 04:50:01 -0500namwob22000 I have said that they are the same thing. Again, that is not my point. Strike rate is better for the punter as value odds are very hard to determine until after the result. Where as value strike rate is not (see my examples)https://community.betfair.com/general_betting/go/thread/view/94082/29024287/question-for-the-pros?post_id=518593699#518593699namwob22000 I have said that they are the same thing. Again, that is not my point. Strike rate is better for the punter as value odds are very hard to determine until after the result. Where as value strike rate is not (see my examples)Sat, 14 Apr 2012 04:45:14 -0500h-bomb,If you're still maintaining the edge that you had at the start of this thread, I'm not sure you should be taking advice from me on what leads to greater profits!But yes, any selection that is value, no matter how unlikely, should lead to greathttps://community.betfair.com/general_betting/go/thread/view/94082/29024287/question-for-the-pros?post_id=518580717#518580717h-bomb,If you're still maintaining the edge that you had at the start of this thread, I'm not sure you should be taking advice from me on what leads to greater profits!But yes, any selection that is value, no matter how unlikely, should lead to greatFri, 13 Apr 2012 16:12:27 -0500Also, apologies to those who already understood all that's been discussed. It wasn't even a subject I meant to get into. But I feel that nobody has really explained it in a very clear way prior to this, Hopefully this will help a few people, besideshttps://community.betfair.com/general_betting/go/thread/view/94082/29024287/question-for-the-pros?post_id=518578423#518578423Also, apologies to those who already understood all that's been discussed. It wasn't even a subject I meant to get into. But I feel that nobody has really explained it in a very clear way prior to this, Hopefully this will help a few people, besidesFri, 13 Apr 2012 15:13:30 -0500namwob,This is something I'm learning as I go.And I'm interested, does this mean I should be backing every selection I believe is value, even if I don't expect it to win? Does this lead to greater profits?It kind of goes against a person's instinctshttps://community.betfair.com/general_betting/go/thread/view/94082/29024287/question-for-the-pros?post_id=518578309#518578309namwob,This is something I'm learning as I go.And I'm interested, does this mean I should be backing every selection I believe is value, even if I don't expect it to win? Does this lead to greater profits?It kind of goes against a person's instinctsFri, 13 Apr 2012 15:10:27 -0500Very interesting read this thread, although a lot of unnecessary confusion over the last few pages! And h-bomb you've hit the nail on the head, they are precisely the same thing.Lex, to see that they are the same thing consider this example:I back 10https://community.betfair.com/general_betting/go/thread/view/94082/29024287/question-for-the-pros?post_id=518574571#518574571Very interesting read this thread, although a lot of unnecessary confusion over the last few pages! And h-bomb you've hit the nail on the head, they are precisely the same thing.Lex, to see that they are the same thing consider this example:I back 10Fri, 13 Apr 2012 13:25:40 -0500we've gone full circle herevalue = better strike rate than mean odds = mean odds better than strike ratebut my point is still that from a practical punting point of view (not maths point of view) strike rate is more important than the price.https://community.betfair.com/general_betting/go/thread/view/94082/29024287/question-for-the-pros?post_id=518565337#518565337we've gone full circle herevalue = better strike rate than mean odds = mean odds better than strike ratebut my point is still that from a practical punting point of view (not maths point of view) strike rate is more important than the price.Fri, 13 Apr 2012 08:56:28 -0500Investor says you cannot back more than 50 percent winners at fair odds of evens.I think there is some slight confusion over language here. I mean fair in terms of what bookies would offer if they weren't skimming a percentage.Bookies do very well inhttps://community.betfair.com/general_betting/go/thread/view/94082/29024287/question-for-the-pros?post_id=518563881#518563881Investor says you cannot back more than 50 percent winners at fair odds of evens.I think there is some slight confusion over language here. I mean fair in terms of what bookies would offer if they weren't skimming a percentage.Bookies do very well inFri, 13 Apr 2012 08:15:12 -0500Lex 10 Apr 12 12:46 I think strike rate must be better than the price you bet at = skill.value is waiting for a horse that is at a better price than you think it should be, and while waiting you miss out.============================================https://community.betfair.com/general_betting/go/thread/view/94082/29024287/question-for-the-pros?post_id=518562655#518562655Lex 10 Apr 12 12:46 I think strike rate must be better than the price you bet at = skill.value is waiting for a horse that is at a better price than you think it should be, and while waiting you miss out.============================================Fri, 13 Apr 2012 07:30:59 -0500910 winners from 1000 at £100 stakes will give £100 profit51 winners from 1000 at £5 stakes will give £100 profiti thinkhttps://community.betfair.com/general_betting/go/thread/view/94082/29024287/question-for-the-pros?post_id=518560983#518560983910 winners from 1000 at £100 stakes will give £100 profit51 winners from 1000 at £5 stakes will give £100 profiti thinkFri, 13 Apr 2012 06:17:38 -0500