Nice Option Posted May 6, 2018 Share Posted May 6, 2018 https://www.bloomberg.com/news/features/2018-05-03/the-gambler-who-cracked-the-horse-racing-code 1 1 Quote Link to comment Share on other sites More sharing options...
Rowley Mile Posted May 6, 2018 Share Posted May 6, 2018 Great story. Quote Link to comment Share on other sites More sharing options...
mardigras Posted May 7, 2018 Share Posted May 7, 2018 Interesting read. It is the same method used by most punters aiming at winning. The ability to set odds based on probabilities that give you an edge against the odds you are faced with betting on (i.e the public in a tote system or the bookmaker in a fixed odds sense). If your ability to derive the probability of something happening is more accurate than the other side of the bet, then winning is going to happen, if you can't achieve that, then winning is unlikely long term. Quote Link to comment Share on other sites More sharing options...
Backondryland Posted May 7, 2018 Share Posted May 7, 2018 Excellent article. Had read about Woods in Practical Punting a few years ago from memory. Thanks for posting 1 Quote Link to comment Share on other sites More sharing options...
The Crucible Posted May 7, 2018 Share Posted May 7, 2018 Very interesting article. I use the Kelly formula to determine bet size but I'm not nearly as scientific with calculating my probabilities. Quote Link to comment Share on other sites More sharing options...
Newmarket Posted May 7, 2018 Share Posted May 7, 2018 Anyone use Wagertool? Quote Link to comment Share on other sites More sharing options...
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