Years ago, Dr. Z [Dr. William Ziemba] was a mathematician who showed that profits can be achieved by comparing horse odds and the likelihood of actually winning, placing or displaying actual positions and showing revenue. For example, if a horse is even money when using statistics, Dr. Z can predict the likelihood that the horse will win, place or display. If a horse is at 8-5 and he knows it is likely to show 80% of the time and the show ticket will pay $3, this is a profit bet.
Bet pays $3 for Malay to show and win 8 of 10 bets, with a return on investment of $24 for every $20, with a 20% profit. His method is still in use today, but because he published these methods in his book and achieved great success. If you prefer, you can still watch the handbag and do mathematical calculations, but there are easier ways to spot potential bets in the venue and display pool.
Of course, if you take the time to learn formulas and apply them, you will be rewarded...
Orignal From: A fast horse racing system place and display betting
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