you start out betting $30/race and now it's $110. i already know how this ends.
you eventually hit a winner and close the thread with a positive roi.
i guess the only question is how long it takes and how much you inflate the bets to achieve it.
the rational thing to do when you're running bad is cut back the stakes to protect your bankroll so you don't go broke. if you're any good, eventually the bad roll ends and you still have money to bet.
that apparently doesn't apply on the internet where bad handicapping inspires even more reckless wagering. this is like no limit poker with play money. why would anyone fold?
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