I remind you of PP7's extraordinary earlier post actually implying that punters know what they will get on the Tote!
Can you please quote me where I said that? It is an extraordinary claim and does not reflect my opinion.
The final tote prices on Saturday races do fluctuate toward the end but not by that much and often reflect the fixed price fluctuations.
Heavily backed favourites seem to firm on the tote significantly in NSW late in the betting to the point they often pay a lot less than the fixed price. I have always assumed this is corporate bookmakers reducing their risk late.
But the thing here is that we are talking about parimutuel totalizators.
For everything that firms something must ease. You guys seem to ignore this fact in all your talk.
So the punter looking for a bit of value can often find it on the tote while all the "smarties" are pouring all their money into favourites.
They don't always win.
Also I question the perception that Zjelko bets on every available racing tote pool and always wins.
The rebates come out of the TAB's cut. The government and the race clubs still get their full cut. That means he still has a few percentage points to make up unless he has crunched something the place to the point they have to give him a $1 place dividend and borrow from the other two pools.
You guys consistently seem to ignore these mathematical ambiguities when they are raised. Can someone be brave enough to tackle this fact and explain it to us all in clear mathematical terms?
If I get the patronizing pat on the back of the head as a "non answer" (as I always do) I have to assume you guys have NFI and are just parroting gossip from other parts of the internet.