A great read

[Nice Option]

https://www.bloomberg.com/news/features/2018-05-03/the-gambler-who-cracked-the-horse-racing-code

 

 

[Rowley Mile]

Great story.

[mardigras]

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.

[Backondryland]

Excellent article. Had read about Woods in Practical Punting a few years ago from memory. Thanks for posting

[The Crucible]

Very interesting article.  I use the Kelly formula to determine bet size but I'm not nearly as scientific with calculating my probabilities.

[Newmarket]

Anyone use Wagertool?