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  #1  
Old 04-27-2009, 03:06 PM
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King Glorious King Glorious is offline
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Originally Posted by Suffolk Shippers
If they didn't withdraw, and intended to run Saturday, and people went ahead and bet him knowing all that has gone on since the minute he stepped into the winners circle at the FLA Derby....then they deserve to have their money taken and served a cold dose of injustice. That's the beauty of parimutuel wagering, you can win foolish/uninformed people's money.
Reason #172 why people don't care about racing. On days like the Derby and the BC, there are a good number of new fans that are coming to the track or watching for the first time. Sure, we as hardcore fans, ones that read the DRF and Bloodhorse and frequent messege boards, we know what's been going on with Quality Road. But can you really expect all of those new fans to know? They really deserve to have their money taken?
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Old 04-27-2009, 03:16 PM
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philcski philcski is offline
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Quote:
Originally Posted by King Glorious
Reason #172 why people don't care about racing. On days like the Derby and the BC, there are a good number of new fans that are coming to the track or watching for the first time. Sure, we as hardcore fans, ones that read the DRF and Bloodhorse and frequent messege boards, we know what's been going on with Quality Road. But can you really expect all of those new fans to know? They really deserve to have their money taken?
If you buy a stock of a company that is trading at $2 that has already announced they are going bankrupt in a month (i.e. GM), therefore rendering the equity completely worthless, because someone told you to, do you deserve to lose your money?
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  #3  
Old 04-27-2009, 03:26 PM
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King Glorious King Glorious is offline
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Originally Posted by philcski
If you buy a stock of a company that is trading at $2 that has already announced they are going bankrupt in a month (i.e. GM), therefore rendering the equity completely worthless, because someone told you to, do you deserve to lose your money?
If you are putting your money into anything, I would suppose that due dilligence would be in order. In that light, I understand your analogy. However, if they announced that they are going bankrupt, you know for sure that the stock is worthless. It's not a maybe/maybe not situation. In racing, you'd like to assume that what they said was true, that if he wasn't 100%, they wouldn't run him. So you'd hope that him being in the race would be a sign that he's 100%. Now, of course that is no guarantee that he'd win the race. You know going in that it's a gamble. The situation you described isn't a gamble. It's one with a known outcome.
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Old 04-27-2009, 03:37 PM
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Quote:
Originally Posted by King Glorious
If you are putting your money into anything, I would suppose that due dilligence would be in order. In that light, I understand your analogy. However, if they announced that they are going bankrupt, you know for sure that the stock is worthless. It's not a maybe/maybe not situation. In racing, you'd like to assume that what they said was true, that if he wasn't 100%, they wouldn't run him. So you'd hope that him being in the race would be a sign that he's 100%. Now, of course that is no guarantee that he'd win the race. You know going in that it's a gamble. The situation you described isn't a gamble. It's one with a known outcome.
You had it right before you continued on. The more due dilligence you do, the better chance you have to win. If some schmuck goes in there on the biggest day of the year, in which ALL information is known, and didn't know say Quality Road was running with a bar shoe when it was plastered all over the newspapers, I plan on taking their money. End of story.
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Old 04-27-2009, 03:41 PM
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Quote:
Originally Posted by philcski
You had it right before you continued on. The more due dilligence you do, the better chance you have to win. If some schmuck goes in there on the biggest day of the year, in which ALL information is known, and didn't know say Quality Road was running with a bar shoe when it was plastered all over the newspapers, I plan on taking their money. End of story.
I don't play the stock market. But if, before I invest in a company, I read that they will be bankrupt, I know what bankrupt means. If before I bet on the Derby, I read that Quality Road is running in a bar shoe, and it's my first time at the track, I doubt that I know what a bar shoe is or what it means to how he'll perform.
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Old 04-27-2009, 03:44 PM
blackthroatedwind blackthroatedwind is offline
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Quote:
Originally Posted by King Glorious
I don't play the stock market. But if, before I invest in a company, I read that they will be bankrupt, I know what bankrupt means. If before I bet on the Derby, I read that Quality Road is running in a bar shoe, and it's my first time at the track, I doubt that I know what a bar shoe is or what it means to how he'll perform.

And if you have ANY interest whatsoever you learn. Those are the people that MIGHT have a chance to become fans. Those that weren't interested in learning were never becoming fans.
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Old 04-27-2009, 03:46 PM
Danzig Danzig is offline
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folks going to the derby this wknd for the most part won't become fans. they'e going to a happening, not a horse race.

if anyone wants to make new fans, take your friends or aquaintances to the track. teach them. or your kids, like i have.
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Old 04-27-2009, 03:48 PM
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philcski philcski is offline
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Quote:
Originally Posted by King Glorious
I don't play the stock market. But if, before I invest in a company, I read that they will be bankrupt, I know what bankrupt means. If before I bet on the Derby, I read that Quality Road is running in a bar shoe, and it's my first time at the track, I doubt that I know what a bar shoe is or what it means to how he'll perform.
C'mon KG, you make it sound like there should be a coloring book provided to everyone that walks in the door explaining what to do when a horse poops in the post parade. If you heard he had a bar shoe and didn't know what that meant, couldn't you just ask someone? Or pull out your Blackberry or Iphone and google it? We live in an age of information, if someone is too lazy to take it upon themself and learn they deserve to lose.
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Old 04-27-2009, 03:50 PM
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Left Bank Left Bank is offline
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Quote:
Originally Posted by philcski
C'mon KG, you make it sound like there should be a coloring book provided to everyone that walks in the door explaining what to do when a horse poops in the post parade. If you heard he had a bar shoe and didn't know what that meant, couldn't you just ask someone? Or pull out your Blackberry or Iphone and google it? We live in an age of information, if someone is too lazy to take it upon themself and learn they deserve to lose.
They should only care if the track has been certified by the NTRA!!
I bet none of them would even know what that means.
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  #10  
Old 04-27-2009, 03:51 PM
Antitrust32 Antitrust32 is offline
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Quote:
Originally Posted by King Glorious
I don't play the stock market. But if, before I invest in a company, I read that they will be bankrupt, I know what bankrupt means. If before I bet on the Derby, I read that Quality Road is running in a bar shoe, and it's my first time at the track, I doubt that I know what a bar shoe is or what it means to how he'll perform.

so what? what is the issue here??

If someone new to poker sits down at my table and doesnt know a full house beats a straight... am I supposed to explain??
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  #11  
Old 04-27-2009, 03:49 PM
Antitrust32 Antitrust32 is offline
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Quote:
Originally Posted by philcski
You had it right before you continued on. The more due dilligence you do, the better chance you have to win. If some schmuck goes in there on the biggest day of the year, in which ALL information is known, and didn't know say Quality Road was running with a bar shoe when it was plastered all over the newspapers, I plan on taking their money. End of story.

exactly... I dont see what the issue is.

maybe KG wants to socialize gambling??
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  #12  
Old 04-27-2009, 07:51 PM
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SCUDSBROTHER SCUDSBROTHER is offline
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Quote:
Originally Posted by Antitrust32
exactly... I dont see what the issue is.

maybe KG wants to socialize gambling??

It's already Socialized. You see anybody in this country competing for the price they're gunna give you on a horse?
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  #13  
Old 04-27-2009, 03:17 PM
blackthroatedwind blackthroatedwind is offline
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Quote:
Originally Posted by King Glorious
Reason #172 why people don't care about racing. On days like the Derby and the BC, there are a good number of new fans that are coming to the track or watching for the first time. Sure, we as hardcore fans, ones that read the DRF and Bloodhorse and frequent messege boards, we know what's been going on with Quality Road. But can you really expect all of those new fans to know? They really deserve to have their money taken?

This whole " new fan " thing really confuses me. Are you suggesting that the people who are rolling into the track on Derby Day for their annual one day appearance are new fans?

" Their money taken? " What does that mean? Are you saying because they make infrequent appearances they should somehow be subsidized? Should they get their money back on losing bets because they don't frequent message boards or read Bloodhorse? Should investors who recently lost in the market get a refund if they dont read the Wall Street Journal?

If you are interested in this game to care enough to learn, you would know what is going on with a Quality Road. If you don't, you don't care, and are there to have a good time. If you cash a bet here or there, that's great, but you won't feel cheated because you didn't know that a horse had some physical issue you couldn't define anyway. And, frankly, if you are serious enough to be upset you didn't know this, you are reasonably likely to learn so as to understand the situation the next time it arises.
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