
7th July 2003, 04:19 PM
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Member
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Join Date: Jan 1970
Location: Canberra
Posts: 730
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Xanadu,
Have to agree with Mark here, "selective" backing of "certainties" doesn't give you a guaranteed miniumum of 4%, you could end up with -100% when your certainty breaks down, misses the start, gets taken out by another runner or any of the other things that can happen to "certainties". What Mark is talking about is a guaranteed profit no matter which order they finish in (or which ones fall over!). Now if his average return is 5% and he only finds one race per week that could still turn a $5000 starting bank into $63000 in a year (although he may have trouble finding a bookie to take the large bets at the end of the year!). Not bad for such a small return.
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"Computers can do that????" - Homer Simpson
[ This Message was edited by: becareful on 2003-07-07 17:20 ]
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