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Politics : Ask Michael Burke
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To: Freedom Fighter who wrote (89053)1/31/2001 10:10:31 AM
From: Knighty Tin  Read Replies (1) of 132070
 
Wayne, that is also a good way to play investing. As with the horseracing bets, when you diversify and put the odds in your favor, it can have interesting results.

I have a friend whose father is a jockey and she goes totally by odds. She'll walk over to me and hit me on the shoulder and say "oooh, look, number 7 is 50 to one." It doesn't matter if it should be 100 to one or 10 to one. It is the 50 to one that draws her. And you know what, I think she makes money over time, though she sure has a lot of long losing streaks. You don't need a 50 to one shot to come in all that often. <g> But your system is much better if you like to walk away a winner more often than not.
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