| Betting on British Horse Racing |
 | How I turned $1,000 into $5,000 by betting on British horse racing on Saturday afternoons. While what we hear and read regarding betting may seem exaggerated, it is perfectly possible to improve your odds: athletes use methods to improve their performance, and you can do the same to improve the chances of winning at the next horse race or in your preferred horse track; however, you need to know a little about statistics and probability science in order to take advantage of any sensible method. Generally speaking, the authors of this kind of information usually apply tailor-made methods based on more or less reasonable scientific facts to produce results. But it is a fact of nature that statistics imply a lot of occurrences, so it is not correct to think that a statistical method will yield good results in just one iteration because there are many factors that may influence the outcome; these factors need to be pondered and averaged. Strictly speaking, in order to find averages you need at least 32 samples; this is a mathematical fact and averages obtained with less samples are usually not trustworthy. Thus, whenever someone tries to poll any opinion or view, usually needs a rather big sample to get good average values and a good representation of the 'universe' that is trying to poll. For example, in order to know what people think about politics, you need to make your poll among a group of people which representative of the total population (gender, ethnical origin, income level, etc.) In the case of horse racing, this is also valid because it is a fact that follows natural laws; so if you want to win, study the method, learn something about statistics, play calmly and never exceed your assigned budget. |
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