Working out the price for a place?

No

Well how then Eddie???

Is it...........as simple as dividing the BSP by the amount of places for the race???

No, as the win and place markets are two separate markets.

....or should it be, as simple as dividing the BSP by the amount of places for the race???

No.

So how would you work it out top2 ???

Thanks

The answer is that there is no mathematical solution for calculating a correct place odds based on the win odds.
  You have to use an opinion just like you have to in the win market.

The Harville Formula is the mathematical probability of working out place odds from win odds. However, you then have to skew the place odds further after using Harville to get the 'true' odds - this is the difficult bit.

There is a method for working out the place odds from the win odds.  How do you think the layers price up a race?  I've been laying on the place markets for nine years.

Rich

Care to expand on how you would do this either on here or by private message??? Not looking for you divulge any of your strategy and just looking into something myself

Each race has a divisor which gives a 100% book and each horse has a divisor based on trainer, running style, fitness etc. The place markets are now very sophisticated on here and very accurate.

I won a lot of money (to me) in 2003 laying  horses
for a place, but my qualifiers, using my own place
betting calculator, slowly dried up from about 5 picks
per meeting to about 2 from 4 meetings as the market
got more sophisticated, and I eventually nearly died
of boredom.

dont waste your time Nathan