Remember above all else I come from a non form studying stance and as such know zip about any individual horse, but I do live off my betting returns and have never aspired to own a mansion or a Merc.

I believe the term value should not be applied to a horses chance of winning a race because there are too many factors involved in which horse wins the race. Trying to assess the probability is over estimating one's ability.....BUT, if you assess the value in relation to the system you are using or the SR you historically achieve, then value takes on an all important roll! In fact THE ONLY important consideration.

In other words the value must be positive in relation to your SR. (ability)

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"Not winning on a horse that came first is one thing.....Losing on a horse that didn't come first is something else entirely!!!"