It's extremely difficult to beat and I never really invested much time or effort into learning the tricks of the trade.
Lately, I've been experimenting with a theory with small $ amounts, usually $15-$30 on each of W/P/S.
My theory is, that unlike sports wagering, the horse market is actually an INEFFICIENT market. Therefore, I take horses that opened at lower odds, and closes at much higher odds. Over the last week or two, I've had tremendous success doing so. I do realize this is most likely a matter of variance, but I will continue to ride it out until I'm proven otherwise.
As I stated earlier, it's just an experiment as I've never even considered wagering a large percent of my bankroll on something that I've seen virtually everyone lose at.
I honestly do believe that my theory holds some merit. Is it concrete? Absolutely not. But my belief that the horse racing market is inefficient is something that I'm certainly intrigued by.
Can you please further explain the reasoning behind the risk not being worth the return? I've never bothered to dabble in the mathematics regarding the horses. I'm assuming it has to do with the ridicuously large take-out, but again, I'm simply throwing out guesses at this point.
LOL, it hurts the house quinella in Vegas? Who else should we worry about? Billy Bob running numbers in Cowpuke Falls?
It was implemented to co-mingle international pools. ( I think you knew that though). I think there are more positives than negatives and the smart guys can figure those out.
Exchange rates aren't fixed. And be honest for one second because both of us know the answer to this- were you calculating show payouts before net pool pricing? Of course you weren't. But you really seem to enjoy putting down the sport whenever you get the opportunity on this site.
You should bring this up on your South Point show. Right after the commercial break when South Point begs to bring in horse players, tell the listeners how net pool pricing is another in a long list of negatives that's killing the sport.