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An exercise for the reader | The Mind Of a Gambler
https://alogatas.wordpress.com/2013/02/05/an-exercise-for-the-reader
The Mind Of a Gambler. Betting horses does not pay by hour. Don’t be fooled by Da Hoss →. An exercise for the reader. Speaking (and possibly dreaming) about Whales seems to be one of the favorite topics among horseplayers. As a player, I am not concerned about their handicapping expertize, not even about their betting execution plans… The only real advantage they have over a middle or large player is their rebate percentage. The whole idea behind applying different rebates levels based in total...Out of ...
A categorization of handicapping data | The Mind Of a Gambler
https://alogatas.wordpress.com/2013/01/18/a-categorization-of-handicapping-data
The Mind Of a Gambler. It is not about picking winners →. A categorization of handicapping data. This behavior of the public is a well know physiological effect known as. And you can read more about it in the Daniel’s Kahneman book. Think Fast and Slow. An example of this concept can be observed in lotto players who are willing to risk a very small amount with the hope to win a very large one, even if the odds are severely against them. Obvious handicapping factors used by the crowd. Type 1 data are the ...
The path we have chosen… | The Mind Of a Gambler
https://alogatas.wordpress.com/2013/02/08/the-path-we-have-chosen
The Mind Of a Gambler. It is Anybody’s Race…. Leo, don’t be romantic! The path we have chosen…. I attended a handicapping seminar many years ago, where a distinguished author — and presumed professional-level player — had promised to educate us on the finer points of mastering the art/science of horse race handicapping and betting. He stood up to address the crowd…and had us in the palm of his hand from the first sentence he uttered:. 8220;I am not a gambler”. Tell them…so they wouldn’t end u...And it oc...
It’s a chaotic event | The Mind Of a Gambler
https://alogatas.wordpress.com/2013/02/26/its-a-chaotic-event
The Mind Of a Gambler. Validating a Speed Figure →. It’s a chaotic event. One of the fundamental directions we have to take when forming our handicapping philosophy has to do with the abstraction levels we need to maintain when evaluating a race. How a speed figure should be used is more important than what it represents. Each starter can be seen as a vector of figures and nothing more. Understanding what my last statement about ‘complexities of the race’ is very important since it asserts th...Fill in y...
It is Anybody’s Race… | The Mind Of a Gambler
https://alogatas.wordpress.com/2013/02/08/it-is-anybodys-race
The Mind Of a Gambler. Don’t be fooled by Da Hoss. The path we have chosen… →. It is Anybody’s Race…. This race looks very open to me, anyone can win.I prefer to pass it and wait for something more secure…. This is a sentence I have heard hundreds of times from my racing friends when a race with some additional handicapping complexity is coming up. As we discussed in It is not about picking winners what we are looking for as bettors in not to pick the winner but to capitalize in betting inefficiencies of...
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The Mind Of a Gambler | talking horses
The Mind Of a Gambler. Don’t rely on intuition and logic. Validating a Speed Figure. It’s a chaotic event. Blinkers On and Off. Leo, don’t be romantic! The path we have chosen…. It is Anybody’s Race…. Don’t be fooled by Da Hoss. An exercise for the reader. Betting horses does not pay by hour. Type 1 or Obvious Handicapping Factors. Gambling or weather predictions. It is not about picking winners. A categorization of handicapping data. Think twice before use raw percentages. The most common fallacy.
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