It has been said that beauty is in the eye of the beholder.
So is wagering value.
As much as ascertaining value is a key element in handicapping a race, it’s as subjective as any other part of trying to pick a winner.
What could be an overlay to one bettor just might be seen as an underlay by another.
There might not be a clear-cut answer, yet that doesn’t mean it should be ignored. Value is too important to be pushed into the background during a day at the races.