A Leisurely Look At Horses And Their Human Associates

Reply #6

jimmy4164 — Thu, 21 Apr 2011 07:21:24 GMT

I just found something in a review of Picking Winners at Amazon that helps pull these various forms of betting together. There are some people posting in other Forums here that don't think it makes sense to use roulette or stock simulations to try to make a point regarding lotteries. Although the reviewer was not a horse player, he raved about the book...

I've never bet on a horse race. I've actually only been to a track once in my life (we don't have a lot of it in this part of the country... [ More ]

Reply #5

jimmy4164 — Wed, 20 Apr 2011 19:02:09 GMT

Sorry for the delay. I'm hoping people are noticing the range of possibilities provided by a perfectly honest, random [roulette] wheel. E.G., out of the 50,000 Trials (people) there were a sizable number who netted 25% and greater over 1,000 spins. And this was without using any sort of a system! Unfortunately, that sizable number is not as big as we would like it to be.

Believe it or not, these methods can be applied to horserace betting. Not to picking winners, but estimating risk based on... [ More ]

Reply #4

jimmy4164 — Tue, 19 Apr 2011 07:05:25 GMT

Thanks for your input. I don't have time tonight (this AM!) for more verbage, but here's a picture to consider. I know we're supposed to be talking about horses, but for tonight let's pretend they have red and black coded patterns on their saddle pads! This is from an article by Phil Abel in the November 2003 issue of Technical Analysis of Stocks and Commodities magazine.

How can the average gambler expect to fare at the roulette table? Figure 1 (below) shows a distribution of simulated outc... [ More ]

Reply #3

eddessaknight — Mon, 18 Apr 2011 23:00:58 GMT

Hey Jimmy,

Welcome back, sorry with the inadverdent slow reply but biz has kept me busy + weekend racing $$$ selections.

Your writing proves you are an earnest investigator. With that in mind permit me to share som further straight forward thoughts to save the talk- mind you I am not intending to change your way of thinking.

Players do overcome the odds 1% table games 2 % racing/sports books. Is beimg done but not with conventionals systems or math as the game providers do not intentona... [ More ]

Reply #2

jimmy4164 — Sun, 17 Apr 2011 06:17:18 GMT

Hi EddessaKnight,

Wow! A lot has transpired in the handicapping game since I made a foray into it years ago. Among other things, I've discovered that my First Edition of Andy Beyer's Picking Winners is worth more than I originally paid for it!

In my surfing tonight I also learned why you commented on my 5% winnings in the 70s. Apparently, my guess that the state and track take was 12% was off by 5%, and that adding my 5 to their 17 means I remember beating it by 19%. You're right in being... [ More ]

Reply #1

eddessaknight — Thu, 14 Apr 2011 18:39:41 GMT

Jimmy,

A quick thankx for linking up the thread, making it easier for the member to follow.

Do understand the H R Block imperative-

I too for biz commitments am often off line today will be in California,

Good luck with Ceasre's Tax collectors

EddessaKnight

A Leisurely Look At Horses And Their Human Associates

jimmy4164 — Wed, 13 Apr 2011 05:32:59 GMT

This Thread is a continuation of another one here in Gaming in which I inserted an off topic question. The Subject line is sort of what I have in mind for discussion here, given that I REALLY don't have time for another pursuit, but just can't forget past good times at the track.

If you Click Here you can read the brief exchange Eddassaknight and I had in the other thread. I will shortly insert a link there to loop you back here.

Only minutes ago I finally installed H R Block At Home on my... [ More ]