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Originally Posted by blackthroatedwind
This is exactly the opposite of what people should be doing. I'm not being a smartass. This is the absolute wrong way of thinking.
Look at it this way.....if you just know heads is going to come up on the next coin flip would you still lay 3-1 on it happening?
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so you're saying that people SHOULD be fishing for 8-1 shots when they REALLY think the 3-2 shot is going to win and then watching their 3-2 romp home without a single dollar on him?
i'm not sure if i'm misunderstanding YOU, or if you're misunderstaning MATH716 -- but I think the point was to like who you like and NOT trick yourself into fishing for the price -- knowing that that is stupid if you didn't originally think the horse was going to win.