October
SeptemberOne-sided Stewart
I have been astounded and amazed by this ridiculous, prolonged, protracted, elongated discussion or debate as to who is paying for the pleasure of keeping the racing industry alive.
Anyone with an elementary grasp of mathematics will realise that it does not matter whether you win or lose on the punt, because regardless you are still slugged the percentage commission before your money enters the pool. True or not?
Some are suggesting that it is the unfortunate loser footing the bill. Well even with the impossible situation of everybody winning, the house is still getting its slice. It really is quite simple.
While on the subject of "edges", those altruistic bookmakers offering tote odds are in reality getting the tote commissions without even trying.
On the same subject, should not comeone advise boradcast co-ordinators and the like to desist from advising punters on where they think the money is going, and where the value is (or more correctly was)?
All this achieves usually is to distort the markets.
Leave people to their own devices, as this info is rarely on the mark. Check it out.
Frankston South (Vic)