Viewing a single comment thread. View all comments

PII-Throwaway-878 t1_jcttpph wrote

So what you're saying is that if I bet favorites for the first two festival days, I'll come out ahead. Shut up and take my money!

Seriously though, I will go to the track occasionally. Admission is nearly free, I'm allowed to bring a cooler with beers and sandwiches onto the apron, and there's a section for smoking (typically, cigars). Placing a small wager is part of the fun. I don't mind that there's a 17% rake (here). It's a small price to pay for a fantastic day out that allows me to embrace the socks-and-sandals phase of life.

27

GoSouthCourt OP t1_jctxhco wrote

I'm glad that you have enough discipline and treat the losses as price of admission! But unfortunately not everyone can manage that.

Take your example, if someone comes out ahead from the first two days by betting on the favourites, what are the odds that they think "well that's easy profit, I'll just bet on all the favourites from now on!" and proceed to lose all their winnings (and potentially more).

15

FeedsOnLife t1_jctx2mh wrote

I imagine there could be something to this. They have more time to develop and fine tune the odds. More time to gather information used to determine the odds.

1