Data Miner
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Do you conduct analysis to determine the likelihood that SPs will shorten ?
Paul
The odds of the winning horses (SPs) is closely related to the number of runners in each race. Horses are scratched (withdrawn, not running) at all times up to the start of each race, each one that is scratched therefore reduces the likely overall total - and quotes will reduce to reflect this.
A 4 runner race reduced to a 3 runner race naturally has more of an impact than a 22 runner reducing to a 21 runner race. Even so. the pressure is always for a reducing final make-up.
With this in mind I calculate my predictions a few hours before racing, with the same non-runner information that the spread firms have. If my figures show up as lower than the quotes it is prudent to strike the bet early, knowing that non-runners will simply swing the probabilities more in my favour than they are now. So analysis is unnecessary, it is merely about being aware of the situation.
In contrast, the influence of non-runners on winning distances and favourites is in the opposite direction, i.e. they'll get higher. In these cases I'd jump in early if I was buying, but hold on to see what happens if my figures suggest a sell.
DM