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Old 09-27-2011, 04:28 PM   #24
pondman
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Join Date: Mar 2011
Location: California
Posts: 1,225
Quote:
Originally Posted by windoor
I have also found that the more a person already knows about handicapping, the harder it is to teach them anything. Mostly they just want a good argument. They are stuck in the same old belief system, even when the balance sheet says it loses money over time.
I've also had the experience of taking individuals to my office, and revealing some of the better methods (class handicapping.) They watch me bet a couple of 10-1 shots and win. I leave the track with 3 grand. They leave the track without their wallet. I do believe some people will lose because it's the thing the do.

I've collaborated on some bets. But usually my partner is a pick 5 player, who plays a different game than I do. I've handed him $2,500 before, and wouldn't think twice. He's got as many years gambling that I do.

Yeah, it's a good thing to have companionship. But the people need to bring something to the boat. You can't baby sit them. If they want to throw away their wallet. There is nothing your going to do except buy them hot dogs and beer.
__________________
Wind extinguishes a candle and energizes fire.
Likewise with randomness, uncertainty, chaos: you want to use them, not hide from them. You want to be fire and wish for wind. -- Antifragile, Nassim Taleb
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