[AusRace] Laying off

[terry styles]

Hi Lindsay,
 
Maybe tings are different for 'win' bet dinosaurs but I assure you that exotic betting ( as I do them ) would be very much lowered in effectiveness if upper limit returns were forgotten about. 
 
If anything I throw out the lower returns at a cost of longer losing runs.
 
Terry> From: racestats at hotmail.com> To: ausrace at ausrace.com> Date: Sat, 6 Dec 2008 18:18:31 +1100> Subject: Re: [AusRace] Laying off> > Yes, but it also locks in to the mean figure when the return is lower.> > Locking in a no risk profit is fine if one is betting on flip of the coin or> golf, soccer, tennis, even cards or political events.> But this is horse racing, the only game in the world that has a POWERFUL> fluctuation in odds, due to opinion.> That opinion is spot on.> > I just love it when a horse is backed from $4.00 into $2.20 and the horse> doesn't win, the commentator says something like "well, they got that one> wrong"> What a foolish statement.> > The odds were right, even $1.10 shots don't win all the time.> > You can't say the odds are right on winners but not right on losers, that's> just fluff.> > Toss of a coin - even money, tails comes up instead of heads - "well, they> got that one wrong"> > LOL> >
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