What's the best way to use Grades? I believe the Grades (A+, D, etc.) were initially portrayed as ways to find who the whales are likely to bet on (mainly A+ and As) but I'm curious to find if anyone here really rely on those for their handicapping. It's still not clear to me what/how they contribute as opposed to say Magnitude and Rank. Any responses appreciated... — Atakante
Short version from my POV:
First, Grades are derived from pure math.
As Tom said, it is always the payoff from the "selected odds" times the hit rate.
The correct formula is (Odds x 2 +2) x Pct = $net.
"Grade" is also as Tom said; a function of the $net.
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In a perfect world, All we'd need is to bet all the A+ horses and retire to wherever we want that has an internet connection.
Here's the problem:
$Net is a function of odds x hit rate and
NEITHER OF THOSE IS ACCURATE!
Still, it is a
good estimate of both probability and profit, but... honestly, it takes more.
BTW,
Optimum% is probably a better measuring stick in the sense that you'd be better off betting more on a low odds A+ than a high odds A+.
While there is a time and a place for just using Grade, $Net, or Opt%, the game isn't that simple.
There are complications to the entire picture. At this morning's live play session we discussed a process that I call
"Using Boxes" to build systems. In the coming days I will try to find time to expand on it.