14th August 2012, 06:47 PM
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Member
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Join Date: Nov 2011
Posts: 102
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Quote:
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Originally Posted by UselessBettor
Barny,
I suggest you read winning without thinking.
It suggests that any system is taking advantage of a variance in the market. Due to everyone researching 100% of the time the advantage will diminish eventually as people find it and add their dollars to the odds reducing them to a non profitable situation.
This is the downfall of 99% of systems.
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The Pari-mutuel Reality: The profit value of anything known, and used by the public, is always working its way towards a near ZERO value point.
If what you have learned to handicap and wager the races is public knowledge - its profitability has been steadily eroding since the moment it was first made public!
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