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Horse racing steamers


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Are steamers value bets to lay? Steamers appear mostly from hype. So if at 11am a horse was at 5.0 to lay, and just before the race it is now at 3.5 to lay, does this not indicate a value bet? Starting prices give a 'true' reflection of odds based on initial analysis, am I right? What do you guys think? Winning long term is all about finding value. Horse racing on betfair is the best place to find value as its pretty much impossible to give a true reflection of a horses chances of winning are. (correct me if im wrong).

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