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krs1one1 t1_jcxy6kd wrote

Reply to comment by ImpliedProbability in [OC] Gambling is a mug's game: How 4 different strategies panned out at one of the UK's largest gambling events of 2023, the Cheltenham Festival (more info in comments) by GoSouthCourt

I think your naive is you don’t think the vast majority of general population having a random bet AREN’T taking one of these strategies.

People who bet “seriously”, obviously not. But I’d be shocked if the vast majority of blow ins for. A big race weekend don’t either have a favorite or roughies approach.

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ImpliedProbability t1_jd4fil8 wrote

They aren't. I've never met or heard of a single individual who either only backs the favourite, or backs multiple selections in each race based solely on price.

In conclusion: you're as clueless as the OP. Most random punters will have a look at form, names, trainers or jockeys. There is no-one who is purely looking at the prices like this data does.

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krs1one1 t1_jd51kr2 wrote

I mean, I only played poker professionally for about a decade and my best friend for that entire time WAS bookie.

But hey. What would I know!?

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