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18th May 2011, 11:23 PM
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Member
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Join Date: Dec 2010
Posts: 1,091
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Beating an "Untrained" Monkey
An "Untrained" monkey, randomly betting on a truckload of races will lose approx 10% ..... Many of the systems here that have a LOT of say 5% are seen as delightfully promising because all they need is a slight tweak to get them into profit.
Is anyone else depressed that as humans are generally regarded to be smarter than monkeys and have access to information that monkeys don't, are only marginally better at the punt than a monkey (and that's assuming we humans can find a successful system and not ruin it !!!).
If we did find a successful system, the reast of us lemmings would jump on board and the result would certainly be ...... an unsuccessful system ('coz of the reduced odds !!!) and the monkey wins aagin !
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