His opinion is worthless?
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Well guys, I feel like the defendant here.
And rightly so looking at the opinion I’m against in the likes of Graeme Dand and Roberto Cassini. Well, that brings me nicely to my contention that value is a myth. Because value is all about your personal opinion.
This is the only point I’ll address today because I ain’t the fastest typist! I’ll nail my colours to the mast here. Based on my few years of experience as a bookmaker at the South East England Point to Points – don’t laugh now – where Dave and I had the number 1 pitch together I stand by my opinion. I am not for turning.
Dave would be first up with the prices for virtually every race. He always had an opinion. His tissue would reflect value for him. Sometimes he got it right. Often he got it wrong. All the other “bookmakers” would do is go a little bit bigger than us. Did they offer value? No. You couldn’t get any more than a tenner on. We’d take the lot until we were filled up. We never knocked anybody back any amount if the price was still on the board.
So did we offer value for the punter? Not in Dave’s opinion, no. But we’d stand up in a field when it’s snowing and take a good few quid. So what was happening? Well, there were loads of mug punters there who just wanted to get on. But there were also a fair few professionals that only bet with us whose knowledge of horse racing may have been better than Dave’s and was certainly far superior to mine. They weren’t mugs. So why did they lump a grand or two on the favourite at a price that, in Dave’s opinion, wasn’t value? Why?
My contention is and no doubt they would agree they felt they were getting value. Two people. Both very knowledgable. The same access to the same of everything. Differing opinions. And at the end of the day that’s why I’m writing this. It’s all about opinions. I wrote earlier that “If I go against the momentum simply because of my opinion of value then I will not be comfortable. No matter how much I value my opinion.” I stand by that statement. I’m interested that you see it as utter rubbish Graeme.
There’s another post on that topic for Monday. For me to do it now would simply take too long. It’s the first night of my partner being away in Germany so you know the old saying? Sorry Graeme, no doubt your head is in bits by now. If your wife needs a cleaner to mop up the mess I know a very good one in Brighton as I see you’re in the UK. Please let me know and I’ll despatch her immediately. My expense mate. LOL.
‘Ere Cassini, leave my mate Brian alone. LOL. Catch you later. And good luck to you all as always. And BTW if any of you fancy coming on the radio show in January please let me know. A three way debate would be interesting. I think I’d lose with you lot having double the airtime than me. But I’d be up for it and it could be fun. What do you think?
In 2021 TradeHost traded 7,937 Betfair UK, IE, US & AU horse racing and greyhound markets.
2022 saw TradeHost become even more profitable with 22,698 Betfair markets traded.