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Originally Posted by Show Me the Wire
If I understand you correctly, is this what you mean?
8 horse field, natural odds are 1/8, which translates to 12.5 percent. So the absolute truth is to bet the contender with odds of 7 to 1?
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That's it-- 7/1 or higher for an 8 horse field. Actually Dave's Basics of Winning does not state the axiom as a truth, Dave shows the implementation of the lost truth that we all see when we start playing the game. One gets the ' how to' from Dave.
The only thing that we know for sure (and thus why it is called the only absolute truth) is that handicapped horses beat random horses, so why beat anything less than random odds?
We are inspired when we first start playing the game and hitting maybe 20% winners beating out the random 12.5% of an average 8 horse field. We then get hooked and figure if we can just find a way to hit a few more winners or a few more higher priced winners then we've got it. But alas we go down the wrong path with this misunderstanding-- we are doomed forever. As anyone can see now, there is nothing relative about this truth. It applies to all. Relative truths are for losers who get lucky at times.
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"The Law, in its majestic equality, forbids the rich, as well as the poor, to sleep under bridges, to beg in the streets, and to steal bread."
Anatole France
Last edited by Capper Al; 01-27-2013 at 06:09 AM.
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