Looking to get into handicapping and betting.

[Stillriledup]

Originally Posted by EMD4ME

I WISH !!!!

No, I was talking NYRA...

Although, today, one could be alive for 50K in Emerald's last. Pool sizes have increases a bit this year and there is a healthy 1 day carryover in the pick 5. It could hit $50K in total size.

Wish it was like that everyday.

Delete some PMs your box is full

[EMD4ME]

Done, sorry!

[ultracapper]

Emerald Downs is a very clean track. They keep it picked up all the time. Makes it comfortable.

[EMD4ME]

Originally Posted by ultracapper

Emerald Downs is a very clean track. They keep it picked up all the time. Makes it comfortable.

Very nice to know...

Silly question. They play music on the simulcast feed at 5 MTP. Do they blast the music in house as well?

[ultracapper]

1MTP. They play whatever is the hot pop song of the day. You know it's a minute to post when you hear Katy Perry blasting out of the loud speaker.

[EMD4ME]

Originally Posted by ultracapper

1MTP. They play whatever is the hot pop song of the day. You know it's a minute to post when you hear Katy Perry blasting out of the loud speaker.

ha ha ha good to know.

Can't wait to come see it in person one day.

Thank you

[Stillriledup]

Originally Posted by ultracapper

1MTP. They play whatever is the hot pop song of the day. You know it's a minute to post when you hear Katy Perry blasting out of the loud speaker.

Yes, she's singing waking up in vegas where admission and parking are free.

[barn32]

If the new guy isn't utterly confused by now, he should be. My advice: forget horseracing and learn to trade options.

[Magister Ludi]

1. Read every book that's been recommended on this thread.

2. Develop a can't-miss handicapping system.

3. Set aside a chunk of money that will hurt you if you lose it but won't bankrupt you.

4. Bet your can't-miss handicapping system.

After you've lost your chunk of money, do the following:


How to Succeed as a Trader:

1. Purge all of the useless crap from your brain that you've learned from #1 above. You won't be needing any of it. Success in this business has little, if anything, to do with handicapping horses. Destroy the books so that others aren't contaminated (>=451F).

2. Start building a new bankroll.

3. Read the following:

http://www.amazon.com/Precision-Stat...ision+c+x+wong

It is merely a history lesson. This is how a few successful handicappers operated several years ago but has little, if any, validity today. However, it will serve as the beginning of your epistemological paridigm shift.

4. Read/study/assimilate/make yours every scrap of information that you can find about parimutuel markets, both macrostructure and microstructure.

5. Read/study/assimilate/make yours every scrap of information that you can find about the Kelly Criterion.

6. Read/study/assimilate/make yours every post written on this forum by TrifectaMike.

7. After you've completed #6, don't waste any more of your precious time on this forum. (Apologies to Mssr. P. A.) You'll find little, if anything, of use to you here.

8. By this time you may have built your new bankroll. If you have, begin to optimally bet overlays. Don't waste your time watching races. Once you've made your investment(s) on a race, you've realized your expected value. Whether you win or lose is immaterial. Optimally-sized positive expectation investments will, over time, positively impact your bankroll.

[thaskalos]

Originally Posted by Magister Ludi

1. Read every book that's been recommended on this thread.

2. Develop a can't-miss handicapping system.

3. Set aside a chunk of money that will hurt you if you lose it but won't bankrupt you.

4. Bet your can't-miss handicapping system.

After you've lost your chunk of money, do the following:


How to Succeed as a Trader:

1. Purge all of the useless crap from your brain that you've learned from #1 above. You won't be needing any of it. Success in this business has little, if anything, to do with handicapping horses. Destroy the books so that others aren't contaminated (>=451F).

2. Start building a new bankroll.

3. Read the following:

http://www.amazon.com/Precision-Stat...ision+c+x+wong

It is merely a history lesson. This is how a few successful handicappers operated several years ago but has little, if any, validity today. However, it will serve as the beginning of your epistemological paridigm shift.

4. Read/study/assimilate/make yours every scrap of information that you can find about parimutuel markets, both macrostructure and microstructure.

5. Read/study/assimilate/make yours every scrap of information that you can find about the Kelly Criterion.

6. Read/study/assimilate/make yours every post written on this forum by TrifectaMike.

7. After you've completed #6, don't waste any more of your precious time on this forum. (Apologies to Mssr. P. A.) You'll find little, if anything, of use to you here.

8. By this time you may have built your new bankroll. If you have, begin to optimally bet overlays. Don't waste your time watching races. Once you've made your investment(s) on a race, you've realized your expected value. Whether you win or lose is immaterial. Optimally-sized positive expectation investments will, over time, positively impact your bankroll.

9. Consider buying one of those islands that Greece in now selling on the cheap due to the country's financial collapse. Don't worry about the cost...because the 8-digit annual income that awaits you will surely cover it.

[whodoyoulike]

Originally Posted by Magister Ludi

...
6. Read/study/assimilate/make yours every post written on this forum by TrifectaMike.

7. After you've completed #6, don't waste any more of your precious time on this forum. (Apologies to Mssr. P. A.) You'll find little, if anything, of use to you here.

...

Are you and TrifectaMike one and the same individual poster?

You've repeatedly mentioned this #6 in other threads.

I've only seen a few posts from both of you two and your styles are very similar. And, I take it you yourself haven't completed #6 since you continually do #7.

Or, am I mistaken?

[Magister Ludi]

"7. After you've completed #6, don't waste any more of your precious time on this forum. (Apologies to Mssr. P. A.) You'll find little, if anything, of use to you here."

Originally Posted by whodoyoulike

Are you and TrifectaMike one and the same individual poster?

You've repeatedly mentioned this #6 in other threads.

I've only seen a few posts from both of you two and your styles are very similar. And, I take it you yourself haven't completed #6 since you continually do #7.

Or, am I mistaken?

Q.E.D.

[steveb]

Originally Posted by whodoyoulike

Are you and TrifectaMike one and the same individual poster?

You've repeatedly mentioned this #6 in other threads.

I've only seen a few posts from both of you two and your styles are very similar. And, I take it you yourself haven't completed #6 since you continually do #7.

Or, am I mistaken?

mister trifecta mike may well be a genius but he talks in swahilian as far as most people are concerned.
maybe magister ludi is fluent in that language?

[Aerocraft67]

How's your wagering enthusiasm faring RacingFan1992?

[Robert Fischer]

Originally Posted by Magister Ludi

"Don't waste your time watching races. Once you've made your investment(s) on a race, you've realized your expected value. Whether you win or lose is immaterial. Optimally-sized positive expectation investments will, over time, positively impact your bankroll."

This is a good one for the guy who is trying to make this a game of skill and improve, or outperform the public, or even be profitable;

If it isn't a stakes race which you find "must see", or if you aren't at the track for a day at the races, - you are really better off saving the race-watching for viewing replays.
The live viewing of every race, along with the excitement of 'living and dying through your wager' as the events of the race unfold, is counter in many ways to rational investment behavior. You are exposing yourself to this 'high', all the while half of the game involves behaving rationally.

If your objective is thrilling entertainment, then the opposite advice works best, - watch the race.