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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: XBrit who wrote (91443)	4/7/2001 4:59:28 PM
From: Lucretius	Read Replies (2) \| Respond to of 436258

IBM is the front page of barrons? what do they say?

To: XBrit who wrote (91443)	4/7/2001 8:06:38 PM
From: maceng2	Respond to of 436258

JuliusM, re Beechers Brook IBM is an experienced horse, and "jumped" that one many times. I'm looking for some other heavily favored horse that is going to find reality at the beechers. Here is an interesting statistic. (ok it's from 20 yrs ago but probably still true in the horse racing biz). Favorites do not win as often as they should. i.e too much money is placed upon them. That is where the "bookie" makes more profit then expected. Punters like to think the bookie as a money grubbing "bad guy". That is not true... he typically works hard to provide a service, while the government takes 8.5% tax for doing nothing. The punters provide the bookie with a larger return then expected through stoopid herd like mentality. Sometimes (rare) the crowd mentality wins. Like I had the forecast double when Red Rum won the National. Then the bookie goes bust (unless they are one of the bigger firms) and cannot pay out. There is no law in this land that says they have to pay out either because betting is regarded as "frivolous" activity by the law courts. 2nd and 3rd favorites have always been the dangerous ones. Look for those in the press. <vbg> I find COF a tempting target, I only have poots on it, it could turn into a bear trap. pearly.