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

[jcs11204]

Originally Posted by Bobby Fischer

If you want to actually discuss this, tell me what %chance you think Lovely Isle had of finishing top 3 of that race.

what do you mean what percent ? i dont handicap that way... i thought there was TONS OF SPEED ON PAPER.... and i did not like her for the win, i used 1,2,3,9... the 3 ran huge for second at giant odds...
i dont know what % though, i guess if i had to say, i would say there was a 50% chance she could have bombed and ran out of the top 3