Win to place prices on horse racing - Harville

[burdo77]

I have a shit load of data on win place prices, one thing I found is when I tried to lock in a value trade it went against me.

I assume because some horses place better than others and the market are smarter than people using the harville formula.

If u look at the Adrian Massey site you will find some interesting stats, not sure how to exploit the place market yet however I believe the value lies in laying rather than backing.