Rangatira Posted December 22, 2018 Share Posted December 22, 2018 4 hours ago, Happy Sunrise said: I love it when the Basil brushes with the Brodie. in that two horse race they would surely take basil out of the betting 1 Quote Link to comment Share on other sites More sharing options...
Rangatira Posted December 22, 2018 Share Posted December 22, 2018 2 hours ago, Brodie said: Obviously I have no influence over what the NZ TAB does but my right to point out the error of their ways!,, there is no doubt you are very trying re this 1 Quote Link to comment Share on other sites More sharing options...
Brodie Posted December 22, 2018 Author Share Posted December 22, 2018 3 hours ago, Rangatira said: there is no doubt you are very trying re this Very successful at most things I do Ranga! Quote Link to comment Share on other sites More sharing options...
Brodie Posted December 22, 2018 Author Share Posted December 22, 2018 3 hours ago, Rangatira said: in that two horse race they would surely take basil out of the betting Of course Basil would not be in the betting as there would be no odds given! I would be far too short!!! 1 Quote Link to comment Share on other sites More sharing options...
Basil Posted December 24, 2018 Share Posted December 24, 2018 On 22/12/2018 at 9:43 AM, Boxie said: They are in the business of managing wagering risk. They deserve to go out of business if they are not good at it. That's precisely my point. And restrictions (either by bet or by bettor) are pretty much the only risk management tool open to them (there aren't futures contracts they can buy to hedge their risk). If they follow the Brodie prescription and eschew such restrictions, then the risk premium they charge would have to go up considerably, i.e., the odds would be significantly shorter on all horses. Or, to put it in Econ 101 terms, there is no free lunch. Everything comes at a cost. 1 Quote Link to comment Share on other sites More sharing options...
Brodie Posted December 24, 2018 Author Share Posted December 24, 2018 Basil do you work with Rangatira? Quote Link to comment Share on other sites More sharing options...
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