davidjohnson
At the Start
- Joined
- Jun 29, 2007
- Messages
- 3,434
but who is a really great judge in respect of making a book?...you just cannot factor prices accurately enough for it to be worthwhile....so why do it?
Anyone that shows a profit after sustained period by backing horses at longer prices than they thought their true chance was. Only a gamblers profit and loss at the end of a prolonged period will the answer be shown whether they were accurate enough.
When you put one of your lays up, why do you do so? Because you think it is a poor price? Okay maybe you don't physically allot every single horse a price but you are still coming up with conclusion of chance v price. Doing a book is just that, but putting down on pen and paper.