The Gambler Who Cracked the Horse-Racing Code

In this video he presents the math involved , and here is his academic paper on the system.

Well-written BBG story. Coincidentally I also have a view of Happy Valley racecourse from my apartment and it's a good night out there even for those not seriously interested in the nags. Bentner, Woods and Moore's success was aspirational to many of us in the mid/late nineties (who didn't realise just how much effort and resources were involved)
 
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Okay but, there is only one contract, say crude oil, the parameters of which to study. Unlike in a horse race where you've got 10 or twenty times the parameters to ponder at a time

toc said:
Read this article few days ago and wonder why could he not crack the stock market code.

May be number of variables influencing the stock prices are way too many to get hold of on reliable basis. Ex: a third world coup suddenly puts oil prices on a high. How to predict a third world coup (like it happened in Turkey couple of years back) or sudden attack by rebels on oil major refinery in Saudi Arabia etc. etc.
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I have a couple dozen of bucks left in my Betfair "war chest", down from the initial $300, years ago. Can anybody point me to a good book on football and / or horse race betting ? I promise you will be remembered when I hit it .
 
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