I managed to get $1.44 about the Red Runner in Race 6, so that turned out okay.

But I messed up badly in Race 8 by trying to rely on hope, after saying that I learnt not to do that

Wesmip.
I let the strike rate look after itself, but I feel most comfortable when I can get a collect every 3 or at most 4 races.
So I guess a strike rate of the usual Favourites average of 30% is fine with me.

But VALUE is where I am aiming at.
No particular Value.

I have no idea of Standard Deviation, and I figure the animals have even less.
Woof43 is a mathematical genius, and he still gets most races totally wrong.

It has been put to me that records need to be kept otherwise you simply have no idea where you are headed.
The trouble with that for me is that gambling then becomes a chore.
And if I wanted a tedious chore, then I wouldn't have given up my day job which was paying $30 an hour, a sum that I will probably never get again.

If you are interested in how I do my Prices, its just a trial and error thing.
I first of all make an effort to get the animals in Market Order, then I assign Margins between each animal, and play with the Margins until the Market looks about right.

I use an Excel Program to calculate the Odds based on the Margins between the animals.
It very simple , and is probaby very similar to how the Don Scott Ratings to Odds Tables works.