19th July 2012, 09:28 PM
|
|
Member
|
|
Join Date: Dec 2009
Posts: 217
|
|
Quote:
|
Originally Posted by Barny
Between 2% and 5% of punters make a living out of this caper.
The return to punters from TAB's or the bookies is for arguments sake, say 85%.
So, you only have to narrow the gap between 85% and North of 100% to be in front. Wrong ..... Incorrect assumption. Included in the 85% are those punters who make their living off the punt. They could quite conceivably be taking 20% of the 85% which leaves the unwashed to fight over 65%.
How much money would be on successful stable information in each race ???
So mow you have to be better than Joe Public by greater than 50% just to break even.
|
Yes Barny,
But the mere fact that Joe Public bet into that odds shows that they are not to smart.
Now, I can't talk for you guys but me and myself have just realised that " If you follow the crowd " then you are doomed to mediocrity. At the moment I am working on the angle that many supposed truths in gambling on the horses are just urban myths.
Even if they are right, you can't win because the weight of money forces the price down below the break even point.
I am looking for something different, like what I posted in " The Paretto Principle " about " THE CALF PATH OF THE MIND. "
|
Threaded Mode