General Betting
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Christmass is coming looking for a good betting book any sugestions?
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The Art Of Legging by C.Sidney This book showed me how futile it is to lay only one horse per race. It takes some reading but worth its weight in gold. It was difficult to obtain at one time but I believe it may have been reprinted.
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If laying one horse per race is futile, surely backing
the same horse would be fruitful? |
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Excellent comeback Ken. Makes sense, doesn't it ? Why doesn't it work ?
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overrounds?
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Over rounds and commission.
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Hearing Harry was made bankrupt the last week,left me sadder
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sorry wrong thread
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kenilworth 23 Sep 13 20:18 Joined: 04 Nov 05 | Topic/replies: 12,311 | Blogger: kenilworth's blog If laying one horse per race is futile, surely backing the same horse would be fruitful? Assuming you have an edge in the market, the more runners you lay, the more your edge manifests itself (returns become less random). So if a gambler can find one horse in each race where the price is wrong by 5% on average, and he can also find another 2 horses where the price is wrong by 1%, laying all 3 actually reduces variance as well as increasing returns even though avg edge is lower. |
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Investor, I understand all that, but my question
was a response to a poster suggesting 'that laying one horse is futile', without qualifying the comment. |
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Whatever you don't get the Patrick Veitch book - it's dreadfully written.
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So nothing worth reading then?
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I have a copy of the Art of Legging ... free to a good home ie someone who appreciates the subject matter ... dm me if anyone's interested.
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ie* =if
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