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Old 2nd September 2005, 09:53 AM
joelance joelance is offline
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Join Date: Jan 2005
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I think what Jim is saying is that most punters will finish behind in the long run. Betting mathematics would suggest this is true. If we look at betting on the tote...win betting returns 86% of the pool back to the punter..therefore most punters by definition must lose. The bookies operate at over 100% most of the time therefore they have the odds in their favour and this is one of the main reasons they finish in front.

Some punters do win..they are usually the ones that have a unique logical approach that is not in the mainstream. Don Scott published his methods after they became well known to others as he stated. If you purely followed Don Scotts methods today you would end up losing. When Don Scott was using his approach in the 70's and early 80's they were unique and he was getting great overlays. Today most of the ratings based on DS are favourites and not overlays but underlays. You need to take them to a higher level.

And i am sure some punters have either taken them to a higher level or established better techniques to rating horses. Of course we wont know about these people because they are unlikely to publish their methods.
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