miff Wrote:
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> Hi Paul,
>
> Glad to hear you are holding your own, that is a
> great accomplishment,especially for a pure long
> shot player.After studying most of the \"math\" ways
> of trying to beat the game, it is obvious that a
> \"pure\" longshot methodology, filtered or not, is
> the least likely to produce profits over the long
> term. The reason for that is simply because
> long-shots underperform against their mathematical
> probability at a much lower strike rate than
> shorter priced horses perform against theirs.
>
> Onerous takeout and the ubiquitous racing X factor
> are the 800 pound gorillas which cause most
> players to come up on the minus side over the long
> term.
>
> As for Gulfstream, lots of claiming turf races
> featuring large fields(with rails placed all over
> the course) is very challenging to say the
> least.Seems
> Woodbine horses, trainers,jockeys underperform vs
> their norm whenever they ship to the US.
>
>
> Mike
How ya doing Mike??
When I say long shots, I\'m not betting on hopeless 25-1 shots. I will play 4,5/1 shots, but my minimum is around 7/1. On average, I agree that they underperform. The key is filtering those long shots, which makes a subset of those long shots profitable. You say \"filtering or not\". Can\'t you say the same thing about lower priced horses?? There can only be 1 winner per race, which means plenty of lower priced horses lose too.
As for lower priced horses, while they win more often, unless you are able to consistently identify those horses that win at these shorter prices then you have the same problem.
It is because of this \"X\" factor that makes taking short priced horses a tough proposition. Hitting bigger win mutuels helps keep my bankroll in play. My main source of profits come from tri/supers and serial bets, where hitting price horses exponentially increases their value in these bets. I\'ve hit more than a few large dime supers, at a cost of $2.40, that have paid 4 figures. I can\'t get those prices keying a 3/1 shot.
I\'m not disputing your findings, you are much more experienced and accomplished than I am. I guess each person has their own way of being successful. This has always been nothing more than a hobby, and losing a certain amount every year was the cost of my hobby. However, its more fun to win and I had to change my paradigm in order to do this. For me, it was being more selective and taking a shot with longer priced horses. Yes, they hit less often but overall they have changed my bottom line.
We are flying to Kauai tomorrow morning, and my wife like flying First Class. I offered to upgrade one year, and I created a monster. She\'s not a fan of gambling until I pay for something....like plane tickets...out of winnings. Reminds me of Jay Trotter...\"after all these years its not my gambling you hate, its the Losing!\". I am missing the Big Cap next weekend for the first time in 20 years. The things you do for your wife, huh?? I have to take her to Kauai.
Have a great weekend, best of luck to all.