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Originally Posted by soflant
Has anyone read this book? If so, what does it entail? The only thing I remember from quite awhile ago is that Dick Mitchell labeled this method of betting as a "Group Overlay" method of betting. Is this method complicated meaning does a handicapper need a pocket computer to work this technique out? Thanks in advance.
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It's pure math.
In the early 90s, I helped Paul Peterson with a seminar here in Reno. Mike Pascual, another Reno resident) and I were guest speakers.
Mike is a really intelligent math guy. Proud to be tagged as a
true nerd.
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Is this method complicated meaning does a handicapper need a pocket computer to work this technique out?
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When Mike introduced the concept of multiple bets in the same race, things got really complicated.
REALLY complicated.
So, yes, it demands at least a spreadsheet.
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His approach is centered around optimum bet size.
That approach by itself is simple.
It takes 2 components:
- Accurate Probability
- Accurate Odds
The challenge is that in horse racing neither of those are even remotely close to attainable without very rigorous data efforts.
Oddly enough, it is #2 that is more difficult in this era.
