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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (25512)	1/21/1998 10:45:00 PM
From: James F. Hopkins	Respond to of 132070

Barry; ! RE>Shorting a single stock -- close to gambling really, but I've got some of that in me. <<< <G> Gambling my my <G> My many days at the Gulf Gray Hound park, were not far from the same thing. There are all kinds of bets, there and here to. Some things are very simular, I don't analize stocks I handicap them. Playing baskets to me is like boxing quinellas. ---------- Thing is at the track about 85% of the mullets lose money on any given day. There is about a 23% cut to the house, pros take about 10% so you got to over come a 33%, it's para mutual betting ( so is the stock market ) say 33% of the take in is accounted for up front, add that to your 50% chance of beating the next guy..and you see you have to be like better than 83% of the mullets to break even. In the long run the stock market has about the same odds. :-) But by slight of hand the bookies cause you to think your chances are better. ------------------- At the track if you go long enough and get into it, you see thoes who bet every race..they can't sit one out..you learn that the way things are ( at a dog track ) handicapping is not all there is to it. Lot of luck involved, to many things can't be counted on and there are thoes races were the owner don't want his dog to win , so the favoret some how has an off day. ( thats easy and they don't test the losers ) even if they did they wouldn't find any thing out of the way, I better stop with that. <G> -------------------- Any how out of 12 races you first cull out the ones you can see "cant be called with any amount of handicapping" on a good day you might get 6 races worth handicapping. Out of thoes 6 you'll be lucky if you get 2 or 3 that enough odds are left on the board to actually bet on. After going to the track 6 days a week for 2 years and losing about 10k, I finally caught on. ------------------- It's a lot of fun, but a 120 mile drive round trip for me, I wore out two cars. If I decide to move up there I could make a living at it. ( but it's not a big one I can tell you that ) I could make 5 bills a week, that's about it. Tryed the bookie thing ( they just take 10% of winnins ) and you can find some who take bets over the internet..my style had me winning about 3000 a week, but costing me 2500 to do it. Time they got their cut there went over half my net. So that didn't last long. You Have to eat, think, and act like a dog to stay ahead. I just might after S.S. kicks in, ( generally I avoid the exotics, ) and winnings seldom put me into filling out the tax form. But it's work too..pay a bill a month to download results into a data base, ( or type in 144 races a week ) I did that for a while..<G> set the timer at night so you can tape and review every single race..get were you know about 300 dogs by their names..as well as all the trainers, and half the owners. --------------------- I know enough about gambling that the investor crap don't don't fool me, an investment is just a speculation you didn't collect on yet. Kinda like gambling ha LOL, short or long it's just a race track <G> Jim