How often do you read from ratings sellers that their ratings 'are not to be used blindly, they are a guide to the likely winner'? Well my thinking is that I already have that. It's the BF market. As we know, the BF market is 100% accurate, i.e. horses @2.0 will win 50% of races. So my thinking is, if you can get ratings that are 100%+ accurate you back/lay the difference. I do know this works. I had it sorted with Adrian Masseys' ratings. I made a few grand in the place lay market. Fantastic, then Massey closed. I've tried lots of ratings since. All to no avail.
I have seen all sorts of equations for converting ratings into odds. I ask myself why? Surely to simply convert the rating into a percentage should be an accurate reflection of the rating. I'll explain further to clear things up. Add the total of the ratings for all the horses in a race. Convert the individual rating to the total for the race to give each horse a percentage chance of winning. Am I being really stupid and missing something?
Nearly all the ratings I have tried come up with ridiculous odds. Has anybody any ideas? Can recommend a rating service?
Thanks.