Quote:
Originally Posted by ScottJ
First post on this board and just like to deal with facts in horse racing when possible. On this post, many folks know Andy's alma mater is Lehigh however few know his undergraduate major. Before questioning his mathematical training, you might want to get the background on that one.
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I know he was an options trader.
The debates in horse racing should be about figures, trips, biases, distance, surface etc.. and the fair odds on each horse. After that, it's a matter of choosing the right pool, right bet size, and right bet structure to maximize your results given your opinions on the races, bankroll, and psychological makeup.
The fact that people are still debating some of the basics of which pool to go into and how to structure their bets is telling you
the math of betting is not well understood. That includes some very sharp handicappers. IMO, that's because most of us were trained poorly and have flawed "survival" instincts. I should know because I turned years where I showed flat bet profits to win into losing years on multiple occasions in my youth. Then I started learning how to bet.
ITP could use an improved beside manor when offering insights into bet structure to people that are making mistakes, but IMO he's got the right approach.
Someone on Twitter mentioned black belt and white belt ticket structure.
Even a white belt player can improve their results with better ticket structure.
