oldbloke: (fuzzy dice)
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posted by [personal profile] oldbloke at 02:03pm on 15/03/2008
7th of 22 in thehendonmob Cheltenham tips comp. That'll do. It's not like I know owt about horseracing.

EDIT
57th of between 561 and 580 in the PaddyPower competition.
There are 4 comments on this entry. (Reply.)
 
posted by [identity profile] hoiho.livejournal.com at 06:29pm on 15/03/2008
I'm sure I saw a controlled, randomised, study that showed that "knowing something" about horses didn't actually help, in the slightest.
 
posted by [identity profile] oldbloke.livejournal.com at 09:24am on 16/03/2008
I'd like to see that, if anybody can dig up a ref for it.
 
posted by [identity profile] hoiho.livejournal.com at 11:18am on 16/03/2008
I don't find it surprising, given than automated, pattern-based, trading systems outperform he supposed "experts" in share trading. Both randomi systems, innit.
 
posted by [identity profile] oldbloke.livejournal.com at 03:19pm on 16/03/2008
I'm not surprised myself, but I'd still like to see the actual paper.
Almost all the people who actually make money out of horseracing (apart from bookies etc) either spot some angle, like the guy who made loads out of photo finishes by closing one eye and keeping his head still, or are rather good at hedging/arbitrage.

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