<< 1 >>
Rating: 
Summary: Technical analysis of horse gambling. It is worth reading.
Review: I am glad to be the first one to write a review about this book. I am also astonished to be the first one to write a review about a book that was written over 10 years ago with an Amazon.com Sales Rank of over 300,000.First of all, it is a well-written book. The authors have tried their very best to explain complicated ideas (topics about statistics and probabilities) step by step, and take the readers through simple calculations on probability first and then systematically to regression analysis and then ultimately to their findings. I have not touched any topics on probabilities and statistics for a long time since 1991 but I can still manage to understand the ideas and formulas presented in this book with the help of the authors. The gist of this book is to tell us betting inefficiencies happen in Place and Show pools. Based on the authors¡¦ findings, one should pay attention to the drop of win odds from ¡§morning line odds¡¨ to ¡§last-minute odds¡¨ and bet on Place or Show of horses with relatively low win odds so as to yield a positive rate of return. The author¡¦s approach is also supported by the Dr. Z¡¦s system. This book also emphasizes that the most important thing on horse gambling is to gain a positive rate of return, rather than merely picking winners. I totally agree with it. ¡§Profitable systems cannot be popular. Popular systems are sure losers.¡¨ is also emphasized in this book. I totally agree with this statement also as the use of an originally profitable method by too many people will ultimately depress the odds and result in a negative rate of return. This is all about market efficiencies which we studied in Economics lessons before. Right? Using terms of Economics, this book is about ¡§technical analysis¡¨ of horse gambling. I recommend all horse racing fans who have read many books on ¡§fundamental analysis¡¨ of horse handicapping/gambling to read this ¡§technical analysis¡¨ book.
<< 1 >>
| 
