View Full Version : Charles Carroll- $100 a day
06-13-2002, 09:25 AM
06-13-2002, 09:58 AM
A takeout from the piece:
" However, in this sizzling economy and with the Internet, there is finally a close analogy for horse race betting—it’s called “Day Trading.” I’m sure you’ve seen these kiddies on TV. The TV financial networks love them as five-minute color pieces on the hot economy."
When the hell did Carroll originally write this thing: in 1999? What hot economy? No one day trades anymore. He's recycling old stuff that he wrote and posting them as recent. That's bogus.
Also he writes about taking $100 to the track and with a 25% ROI returning home with $125. Huh? You can bet $200 or more over 10 races if you keep your head above water. If you bet $20 a race and are even after 5 races you can bet $200. In fact you can bet $300 if you bet $30 a race and are even after race 3 and race 6. A 25% ROI on that would be $75 profit.
The whole piece is idiotic.
06-13-2002, 01:21 PM
You know your right, I had a feeling I had read this before, went to his site, he wrote this couple years back.
Like most "authors" I guess he pulled on the utter once to often
amd came up dry.
06-13-2002, 01:40 PM
Although they dated it June 10,2002, if you check on the archive the article is from July 5, 2000.
06-13-2002, 03:57 PM
Thanks for posting anyway karl, it's the thought that counts:)
06-13-2002, 04:35 PM
There is also a big difference between spending all that money at the track and phone wagering.
06-13-2002, 05:36 PM
The ambience of the paddock and the odor of the "substance" that effects the sense of smell is worth every dollar.
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