Albany -

All credit goes to Derby 1592. I just reposted his stuff (which IMO is among the best stuff you'll read on this board).

I do have one suggestion that might fit with your approach to the game. There is a school of economic thought that says (generalizing here): You can't understand economics by looking at how a rational person with complete information would act. You have to look at how people really act. Real people not only act irrationally, they tend to reproduce the same types of "irrational" behaviors over and over again.

This school of thought is described in one of the later chapters of Peter Bernstein's book "Against The Gods" (which I read after Derby 1592 mentioned in his ROTW). My father has suggested that one potentially productive approach to horseplaying would be to familiarize myself with this school of thought and see if any of the the "irrational" behaviors they found are applicable to horseplayers. Identifying such behaviors could identify profitable betting opportunities. Thus far, I've been too lazy to take my father's suggestion, but, given your initial posts on this site, it might interest you (or maybe you're already doing it).