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-   -   Help finding potential profit/loss (http://forums.ozmium.com.au/showthread.php?t=27733)

Pat123 4th January 2014 01:23 PM

Thanks for the advice.

So you have tried this? Why would you say not to?

Vortech 5th January 2014 04:11 AM

Why Horse 5 as against horse 4 or 6?

aussielongboat 5th January 2014 08:41 AM

Quote:
Originally Posted by Pat123
Thanks for the advice.

So you have tried this? Why would you say not to?


Forget all the stats and back data - unless you have an edge, in the long term you will get the market loss.
i.e probably around 15% POT.

Just picking number 5 is not an edge.

Much easier to make money arbing from over generous corporate bookmaker fixed prices - you can lay on BF and back on corporate.

LOL

Pat123 5th January 2014 02:05 PM

Quote:
Originally Posted by Vortech
Why Horse 5 as against horse 4 or 6?


I found it had less wins overall compared to horse 1-4 and 6. By quite a lot, but i've only looked at dec/jan.

norisk 5th January 2014 03:36 PM

Quote:
Originally Posted by Pat123
I found it had less wins overall compared to horse 1-4 and 6. By quite a lot, but i've only looked at dec/jan.




Wont hold up Pat, it all evens out over time. End of the day, what is a horse number? Just a ranking of one description or another.

aussielongboat 7th January 2014 11:51 AM

Quote:
Originally Posted by Pat123
I found it had less wins overall compared to horse 1-4 and 6. By quite a lot, but i've only looked at dec/jan.


you are confusing correlation with causation.

Lord Greystoke 7th January 2014 12:38 PM

Quote:
Originally Posted by aussielongboat
you are confusing correlation with causation.
association v cause and effect ?

LG

aussielongboat 7th January 2014 01:33 PM

Quote:
Originally Posted by Lord Greystoke
association v cause and effect ?

LG


yeah that's it.

Just because 2 things happen together i.e. a few short term winners from #5 for example doesn't mean that you can deduct that #5 saddle cloth = winners.

Many lightweight simplistic analysts tend to jump on these conclusions.

Now there's an example of a causation for ya !

cheers

aussie


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