As we all know these days, the only way to make a profit over a long period of time at horse racing is to find an edge. Over the years, many people have tried a number of techniques to try and find that edge. The concept of studying form and evaluating the true percentage chance of a horse for a race and then observing the market prices of that horse just prior to the off and then seeing if there is any discrepancy between our perceived chance of a horse winning and its current trading price, is certainly one way of going about trying to get that edge.
However, the problem is that evaluating the true percentage chance of a horse can be very subjective and what might seem great value to one person may not seem great value to another. At the end of the day, there are just too many variables for someone to put their hand on their heart and say that they have an edge.
We need to find a technique where we really are quite convinced that we have an edge.
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