We're constantly told to "look for the value" in our betting if we want to make a profit. But what is value?
Michael Wilding from Race Advisor has written a series of articles which attempts to answer that very question.
Michael determines 'value' as:
The moment when the general betting public incorrectly assess the probability of a horse winning the race.
Back at my SkyBlueKangaroo blog I discuss value betting on a regular basis. How much attention do you pay to getting value into your bets? Is it important to you? Or do you simply focus on finding the winner? After all, its generally the winner that pays out.
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