SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: bearshark who wrote (11034)12/7/1997 8:02:00 AM
From: bearshark  Read Replies (2) | Respond to of 94695
 
And another gambling story. About thirty years ago, or a little more, my father took me to the track for the first time. My father had been prepping me for this event. We usually could get the track's forms in our hometown on the morning of the races. This was in addition to the files of previous forms that my father had collected.

The first thing he taught me was that there were three ways to win in a typical race. Win, place, and show. All I could understand was the win part. So he took me to the track and let me watch. The first several races he made small bets with mixed results. But he did not take these seriously. Then a later race came and he became serious. He played the race for show. I think the return was 2.80 for show or .40 cents on the dollar--if I can remember how it works. He took a specific portion of his betting money to the track just for this one race. The horse won and his show bet won too--a lot. He did his research, picked the right race, used money management, and got a good return. We eventually both used his system and made money.

Then another day there was a special race. A Catholic priest owned a horse and would race it when he needed money for his parish. When his parish really needed the money the top jockey in the country would ride for the priest. Well the top jockey was there this night. We all played to win on the race. The horses entered the stretch and the priest's horse was right there. I remember thinking that everyone at the track must have been Catholic that night. We were all screaming as the priest's horse challenged for the lead. At the finsh line, the priest's horse had tired and lost by a nose. The entire crowd went into a hush. It was like a moment of silence. I remember thinking as we drove home that night, if God didn't help the priest for such a noble cause, I was on my own when it came to wagering.