Can a consistent long-term profit be acheived in horseracing markets?

[Bobby Fischer]

Originally Posted by the_fat_man

If the dude had a clue, you think he'd be here doing his best Dave Schwartz or Overlay impression? He'd be sitting back and trying to pick up some pointers about HANDICAPPING from people who actually are adept at it.

There's much to be said about grinding out a .99 ROI and making up the difference in rebates (and volume). For those in CLUELESS circles, this has become the de facto way to do things. Frankly, I don't get it. The game to me is the ultimate challenge and has a certain aesthetic quality to it; it's as much art as it is a skill. Crunching numbers, abstractions, that have no resemblance to the game itself to eek out a small profit is probably something like being forced to jack off to gay porn when you're straight.

Luckily, there's an alternative to this method. It's the liberating method of watching races. Get good at this and a 1.5 ROI is commonplace. In fact, this is probably the level during a LOSING streak. Then, any discussion about the .99 ROI method is kind of uninteresting. This is something that Fischer and his friends don't quite get. The is the realm of HAVING AN OPINION.

Needless to say, I hang on every new posting in Fischer's monologues.

My ROI IS currently 1.5

exact math =
$166 Wagered
$248.2 Returned
1.495181
---------
=1.495 ROI

respect my "swagger"

everyone is allowed to have their own style.

We've got some people that work in the industry. There's a pecking order. Steve Byk and all these people are at the top. I also respect Fat Man's opinion. Stop being a baby and maybe we can bs a race sometime.