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07-06-2008, 01:58 PM
dalakhani
Del Mar
Join Date: Jun 2006
Location: Washington dc
Posts: 5,277
Quote:
Originally Posted by
Bobby Fischer
not really. The most you could even add in Theory is 10 percentage points.
In real life you just don't have enough information to assign a horse 100% hit rate. Not to mention the slew of things that can unexpectedly go wrong.
In real life a "lock" to show isn't going to be any higher than 95%
Even a 95% hit% is only a .9975 Value. Still a losing long-term investment.
You would be hard pressed to find a 95% hit rate for a show wager.
A bad investment / a tempting gamble
Worse than an investment in bear stearns? Or a CD at indymac?
dalakhani
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07-06-2008, 02:01 PM
Bobby Fischer
Oaklawn
Join Date: Apr 2007
Posts: 2,401
Quote:
Originally Posted by
dalakhani
Worse than an investment in bear stearns? Or a CD at indymac?
I am talking about investment in horseracing, not degenerate gamblers in the stock market.
Bobby Fischer
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