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The problem I have with Chi-Squared is that it will tell if something is relevant or not, but not how relevant it is. I want to how relevant something is if I am going to bet my money because of it.
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Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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