View Single Post
  #2  
Old 07-06-2008, 01:58 PM
dalakhani's Avatar
dalakhani dalakhani is offline
Del Mar
 
Join Date: Jun 2006
Location: Washington dc
Posts: 5,277
Default

Quote:
Originally Posted by Bobby Fischer
not really. The most you could even add in Theory is 10 percentage points.

In real life you just don't have enough information to assign a horse 100% hit rate. Not to mention the slew of things that can unexpectedly go wrong.

In real life a "lock" to show isn't going to be any higher than 95%


Even a 95% hit% is only a .9975 Value. Still a losing long-term investment.

You would be hard pressed to find a 95% hit rate for a show wager.


A bad investment / a tempting gamble
Worse than an investment in bear stearns? Or a CD at indymac?
Reply With Quote