Re: The Gamblin part (855 Views)
Posted by:
TempletonPeck (IP Logged)
Date: August 09, 2016 06:10PM
I haven't read any of his stuff, so I can't fully address in that regard, but off the top of my head: why would I embrace randomness in an event whose outcome I am trying to predict?
I am betting horse races specifically because they are NOT random events. I bet on these events because I think I can predict the outcomes more accurately than the market can.
The randomness I embrace is that I won't cash very many P5 tickets. Said another way: variance is your friend, it's what gets the suckers to play.
Keep in mind, I didn't say that I'm playing 5 favorites in my 'all A's' ticket - typically it is quite the opposite. I am looking for P5 sequences where I see a possibility of zero favorites winning.