Can somone explain to me what horse betting and trading have in common?

Quote from oldtime:

I had a friend who got a job training horses out there at Bay Meadows early in the morning. He was just a little itty biity guy, about half the size of a normal human being.

I asked him if the races were fixed

He said, "The one you have to watch out for is the one that is not fixed. In that race, anything can happen."
More...

slight exaggeration. and if you're worried about rigging, I suggest something besides the markets.
 
Quote from ChkitOut:

Horseracing is all about finding mispriced horses, odds that are out of wack based on your analysis.

That way your payoff over time is large enough to cover the house take and losses.

and yes, its paramutual meaning you're betting against other bettors, not the house.
More...

you're in the wrong place if you want to talk sense. see mavericks bs for the kind of posts we are looking for here.
 
Quote from etfarb:

I get it there both forms of gambling but can someone give me some direct examples of how the two are similar
More...

How are they different?

2n9x5w6.png
 
They are the SAME because you think you have some edge, which you don't. They created charting programs to get in more suckers. colors and nice neat little gadgets to get even more suckers....

they gave horses names that more suckers will gravitate towards, or away from (good for the horse owner)....

to think you have an edge because you sign up for IB or Tradestation is retarded...

to think you have an edge because horse #8 has a lucky number or name is retarded...

in the markets, you think you say "smart" things.....neat terminology like "off-the-run bonds" or "ADX divergence". this is for suckers.

wake up.....realize you are a pawn and these things were designed to take your money.
 
Quote from BlueTurtle:

They are the SAME because you think you have some edge, which you don't. They created charting programs to get in more suckers. colors and nice neat little gadgets to get even more suckers....

.......

wake up.....realize you are a pawn and these things were designed to take your money.
More...

like anything else, 1 out of 1000 have a real edge, the others , fantasy land.

i was beating the horses when many of you were still swimming in your fathers testes.

beating-a-dead-horse.png
 
Quote from Scataphagos:

Both involve handicapping.

In horse racing, you're handicapping all the variables you know.

In trading, you're handicapping (or at least you should be) behavior of the players as a group.

By my definition, trading is definitely NOT "gambling". Seems to me handicapping the ponies might also not be gambling for one with enough information and gray matter.
More...

sure it is, you gamble there's not a fraud in your company, and if you own an index you gamble a nuke doesnt go off.
 
Quote from stock777:

slight exaggeration. and if you're worried about rigging, I suggest something besides the markets.
More...
you know more about it than me, but according to this kid (who wasn't even a jockey) jockies are not as competitive as they pretend to be. There is a fair amount of socialism that goes on any race day.
 
lets put it this way, your jockey not trying is way down on the list of things you need to be worried about when betting.

would be like worrying if jack hershey liked your trade.
 
You must log in or register to reply here.
Back
Top