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Originally Posted by VigorsTheGrey
Like in the days of the California gold rush, many sought the Big Score in vain...turns out the real fortunes lay in selling pick and shovels and various sundries to the armies of those laboring for the gold....I wonder what the equivalent of those "suppliers of various sundries" are in this horse racing game...all borne on the backs of the regular bettor....? Any clues as to whom is making the real dough? I assume the 3% of the top trainers, jockeys, owners...then whom?
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A: People who have taken on the more complex problems with larger payouts. They have precise methods that distribute well, and make expectations reasonable.
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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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