by barakg » Sun Jul 26, 2009 6:38 pm
Hi,
Does anyone knows how does betfair calculate the Reduction Factor for the horses in the us racing?
Does anyone know whether it is some function of what is usually called: "M/L" in normal bookies (like Ladbrokes)?
The thing is, when I look at a specific race and horse, the M/L is always the same. Meaning, all the bookies gives the same M/L. That's why I thought there might be some formula that betfair uses to make the M/L into Reduction Factor
Thanks a lot