Horse Hedge Method By Edward Thorpe

[Topcat]

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]

nice links thanks

here's one for his book The Mathematics of Gambling

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

[Robert Goren]

Is the "Handbook of the Fundamentals of Financial Decision Making" out yet? I could not find it"any place.

[Dave Schwartz]

I am struggling to understand that article. Could you please explain what he is saying?

[zerosky]

I think its a rehash of the Chinese double angle.

[Hoofless_Wonder]

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: