Ray2000
01-05-2014, 06:11 AM
*Classic Puzzle but in Harness racing terms with a twist.
You go to the track and a friend who is a psychic and NEVER WRONG comes up and tells you he's had a vision that winner of the 7th race will be an inside horse, either Number :1: or :2: or :3: , and they all will go off at the same odds. You decide to put your entire days bankroll on the rail horse to Win because the 1 hole has the highest winning percentage so you make the bet.
You wait for the 7th race but at 10 MTP, your friend comes running up and says "Another vision, I know the :2: horse finishes last, ..I thought you should know" and runs off.
PUZZLE: Can you improve your chance of cashing a ticket by canceling your bet and putting the money on the :3: ?
The Classic answer is yes, but
1. Does the post advantage make a difference?
2. Does Canceling the ticket and re-betting the same horse increase your chances?
3. Does Bayesian Statistics even apply here?
*Google Monty Hall Puzzle if you're interested.
You go to the track and a friend who is a psychic and NEVER WRONG comes up and tells you he's had a vision that winner of the 7th race will be an inside horse, either Number :1: or :2: or :3: , and they all will go off at the same odds. You decide to put your entire days bankroll on the rail horse to Win because the 1 hole has the highest winning percentage so you make the bet.
You wait for the 7th race but at 10 MTP, your friend comes running up and says "Another vision, I know the :2: horse finishes last, ..I thought you should know" and runs off.
PUZZLE: Can you improve your chance of cashing a ticket by canceling your bet and putting the money on the :3: ?
The Classic answer is yes, but
1. Does the post advantage make a difference?
2. Does Canceling the ticket and re-betting the same horse increase your chances?
3. Does Bayesian Statistics even apply here?
*Google Monty Hall Puzzle if you're interested.