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Topcat
04-27-2013, 04:19 AM
I've been reading through some interesting articles now in PDF and free!

Here a link to Ed Thorpe's article on horse hedge method
http://www.edwardothorp.com/sitebuildercontent/sitebuilderfiles/TheHorseHedgeMethod.pdf

and a link to his general articles on gambling
http://www.edwardothorp.com/id19.html

his investing and kelly criterio articles are even more interesting
http://www.edwardothorp.com/id10.html

zerosky
04-27-2013, 08:04 AM
nice links thanks

here's one for his book The Mathematics of Gambling

http://www.bjmath.com/bjmath/thorp/tog.htm

Robert Goren
04-27-2013, 09:38 PM
Is the "Handbook of the Fundamentals of Financial Decision Making" out yet? I could not find it"any place.

Dave Schwartz
04-28-2013, 01:48 AM
I am struggling to understand that article. Could you please explain what he is saying?

zerosky
04-28-2013, 06:23 PM
I think its a rehash of the Chinese double angle.

Hoofless_Wonder
04-29-2013, 12:19 AM
It appears to me that the "horse hedge" article is a poorly written attempt to propose generating profits from the parimutuel pools' inefficiencies, and take advantage of the tendency for players to overbet longshots.

Of course the data presented simply confirms the issues involved (handicapping to true odds/chances to win, track takeout, late changing odds, covering many combinations) make it difficult to achieve a profitable efficiency.

Bottom line - you lose less betting chalk. Well, duh. :sleeping: