11th September 2005, 08:19 PM
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Member
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Join Date: Sep 2005
Posts: 1,601
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A bit more information ....
Quote:
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Originally Posted by Guitar Jim
The professionals have a thorough understanding of the mathematical process involved and both select and bet accordingly and *THIS* is why they can reap several % POT on a permanent basis; in other words make a living. They DON'T make a living because they select winners, anyone who knows how can do that.... they win because they understand how the figures work and bet accordingly. ........ Knowing what your *long term* win rate and return rate will be, in advance, is *THE* key: And you can only know that if you *FULLY UNDERSTAND THE FIGURES INVOLVED IN THE REQUIRED PROCESSES INVOLVED IN BOTH THE SELECTION PROCESS AND BETTING PROCESS". This is not a secret, and it never has been, and it's available to everyone; but most people don't have the application, inclination nor the academic agility to master what's required.
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Guitar Jim, Always willing to listen to everyone and take stuff in. I haven't closed my thoughts to what you are saying.
The only problem for me is I need more information on what you are saying in the above quote. How do I ensure that I "fully understand the figures" ? and work out my long term win rate and return rate ? Is this just going through lots and lots of races and finally getting up to 2000 or 3000 races before I can be more sure of the results ? Or is there something else I need to do on top of this ?
This is the whole point why I raised the thread... What do I need to do to test my system ? How can I test my system to fit what you were saying above ? Forgive me as I am fairly new to all of this and any help anyone can provide is appreciated, but I need more detail in how to do it.
Also thanks to everyone who has replied so far, I have been testing more and more and started my live bank for a bit of a test. I have appreciated all the advice which has been given so far and will appreciate anymore advice people can continue to give me.
Thanks again.
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