New Posts For Thread: The concept and measurement of value.https://community.betfair.com/horse_racing/go/thread/view/94102/30398385/the-concept-and-measurement-of-valueWrong forum for the example but the principle applies into what constitutes value and how do you measure the change in odds and the time left in an event before trading.Looked at Barcelona tonight and thought the 1.1 to win was probably correct pre mIf you are saying that when the market changes, then your opinion changes with it ..... well really racingguru? _ SwiftYou are very naive if you don't adjust when the market changes. The market is not perfect by any means but starting price odds arehttps://community.betfair.com/horse_racing/go/thread/view/94102/30398385/the-concept-and-measurement-of-value?post_id=542602557#542602557If you are saying that when the market changes, then your opinion changes with it ..... well really racingguru? _ SwiftYou are very naive if you don't adjust when the market changes. The market is not perfect by any means but starting price odds areTue, 09 Dec 2014 14:07:46 -0600surely the odds offered on betfair dont reflect whats going to or might happen but reflects different peoples positions,certain prices taken may well be value to both parties depending on a position they took pre eventhttps://community.betfair.com/horse_racing/go/thread/view/94102/30398385/the-concept-and-measurement-of-value?post_id=542602067#542602067surely the odds offered on betfair dont reflect whats going to or might happen but reflects different peoples positions,certain prices taken may well be value to both parties depending on a position they took pre eventTue, 09 Dec 2014 13:36:42 -0600the 1.01 may well be value to the layer in that casehttps://community.betfair.com/horse_racing/go/thread/view/94102/30398385/the-concept-and-measurement-of-value?post_id=542601577#542601577the 1.01 may well be value to the layer in that caseTue, 09 Dec 2014 13:00:13 -0600A couple of years back you couldn't lay a hurdler/chaser at 1.01 until it was well clear on the run in.It was great value for the 1.01 backers.Nowadays with so many backers desperate for the easy money you can be matched with a hurdle to go,possiblyhttps://community.betfair.com/horse_racing/go/thread/view/94102/30398385/the-concept-and-measurement-of-value?post_id=542601363#542601363A couple of years back you couldn't lay a hurdler/chaser at 1.01 until it was well clear on the run in.It was great value for the 1.01 backers.Nowadays with so many backers desperate for the easy money you can be matched with a hurdle to go,possiblyTue, 09 Dec 2014 12:45:47 -0600dalawaan, how's that spelt?https://community.betfair.com/horse_racing/go/thread/view/94102/30398385/the-concept-and-measurement-of-value?post_id=542600789#542600789dalawaan, how's that spelt?Tue, 09 Dec 2014 11:51:11 -0600not if you no something no one else does, ,theres 99% of those irish novice hurdle races where you can put up any price you like most are a hurdle behind by halfwayhttps://community.betfair.com/horse_racing/go/thread/view/94102/30398385/the-concept-and-measurement-of-value?post_id=542600679#542600679not if you no something no one else does, ,theres 99% of those irish novice hurdle races where you can put up any price you like most are a hurdle behind by halfwayTue, 09 Dec 2014 11:35:11 -0600If you put up any price about a horse you didn't think would get placed, you'd be lucky to be eating baked beans in a few months... because, we're all wrong sometimes! A 500-1 chance has the chance to win any race, just by virtue of being in it... Ifhttps://community.betfair.com/horse_racing/go/thread/view/94102/30398385/the-concept-and-measurement-of-value?post_id=542600617#542600617If you put up any price about a horse you didn't think would get placed, you'd be lucky to be eating baked beans in a few months... because, we're all wrong sometimes! A 500-1 chance has the chance to win any race, just by virtue of being in it... IfTue, 09 Dec 2014 11:28:32 -0600^ This comes back to the need for a safety cushion though - even the best compilers in the game can't hope to be 100% accurate, but close enough is good enough...https://community.betfair.com/horse_racing/go/thread/view/94102/30398385/the-concept-and-measurement-of-value?post_id=542600605#542600605^ This comes back to the need for a safety cushion though - even the best compilers in the game can't hope to be 100% accurate, but close enough is good enough...Tue, 09 Dec 2014 11:26:00 -0600whats the worst saying in racing one of the shoes favsmits finished 5th but out run his price,why if your a layer and confident it wont win or be placed you can basicaly put any price up,just like the difference between the win price and a top 10 prihttps://community.betfair.com/horse_racing/go/thread/view/94102/30398385/the-concept-and-measurement-of-value?post_id=542600597#542600597whats the worst saying in racing one of the shoes favsmits finished 5th but out run his price,why if your a layer and confident it wont win or be placed you can basicaly put any price up,just like the difference between the win price and a top 10 priTue, 09 Dec 2014 11:25:18 -0600years ago the shoe,nevo, mellish and co would be on the rattler to southwell and doing their tissue,if they put them in the middle of the table there ,d be 6 different tissues ,they,d spend the next hour arguing the toss, till they came up with a tishttps://community.betfair.com/horse_racing/go/thread/view/94102/30398385/the-concept-and-measurement-of-value?post_id=542600569#542600569years ago the shoe,nevo, mellish and co would be on the rattler to southwell and doing their tissue,if they put them in the middle of the table there ,d be 6 different tissues ,they,d spend the next hour arguing the toss, till they came up with a tisTue, 09 Dec 2014 11:22:17 -0600