Hello Dave, Brian or whomever wants to chime in:
I have a few things I would like clarified. I post here (as opposed to having offline conversations) because I feel this might be of value to others.
These questions arise from the video
001: AI LINE, AI BEST HORSE, AI PACE HANDICAPPING
#1 What actually is "AI Line", and from what is it created?
10:15 of video: Dave says
A.
What it does not mean [referring to the example race where a horse is 0.65 AI Odds] is that this horse is worth 3/5 - that you would not bet this horse at 4-1 in the gate based on this alone - it is not that kind of line.
So I take this to mean, the AI line is not an estimate of the true probability of a horse winning the race.
B. [11:00]
Neither is it a prediction of what the [final] odds are going to be - it's too volatile
OK, I get that.
C. [11:08]
What it is - it's what the odds on the horse should be - because the whales drive the betting, effectively it becomes the whales
I am not clear about what Dave means by this.
Is the AI Line an estimate of what the whales are using to estimate the true probability of a horse winning the race?
That is, is it an estimate of the line the whales compare to the post time tote odds, then essentially bet the overlays in some fashion?
#1A What data goes into deTerminator's calculation of the AI Line?
Assuming the whales are not giving Dave any of their own data, there must be some assumptions about what they are doing in the AI calculation?
PS. Dave, if I am not posting this in the right place, please let me know.
@Dave Schwartz @ponyplayer
[Edit: DS] Moved to deTERMINATOR Questions so the world could see it.