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Comment: Eleventh printing. Covers show light wear. Pages are clean and show no markings. Dust jacket in fair shape showing tears at top and bottom of spine. mbd2-hp.est.sl200
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Secrets of Professional Turf Betting Hardcover – 1975


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Product Details

  • Hardcover: 282 pages
  • Publisher: Amerpub Co (1975)
  • Language: English
  • ASIN: B0006X5YLG
  • Product Dimensions: 7.9 x 5.7 x 1.3 inches
  • Shipping Weight: 1.3 pounds
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Best Sellers Rank: #2,458,538 in Books (See Top 100 in Books)

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27 of 27 people found the following review helpful By Mark Mills on August 16, 2005
Format: Hardcover
Chapter 1. Always bet against the public. Betting at a racetrack is a zero sum game from which the track takes a significant chunk of the wagers before anyone gets paid. Further, the people who know the horses best and can easily fix the race, the owners and trainers, are betting against you. At best, only a minority can ever win. The track requires the majority to lose, therefore avoid the majority play. Only bet when two situations occur simultaneously: 1) you have well considered odds in your favor. 2) The public is betting your choice is a loser. Put the two together, and be sure to have 3-1 or better odds in your favor. In other words, always think in terms of probabilities.

Chapter 2. Things are easier now since the 'action' is more liquid and public opinion based on weak authorities.

Chapter 3. Keep up to date on new angles: read what the professional reads.

Chapter 4. The public doesn't lose their fair share. Statistically, they should only have 10% losses. Instead, many lose everything they bring to the track. They do this by allowing emotion to switch their betting style from one race to the next, and always switch at the wrong time. If they just picked 'position 6' every time, they would only lose 10%, but they bet little when they should bet much, and much when they shouldn't bet at all. It is the 'switches' that pull money from the public. Having 'guts' means sticking with your strategy in the face of losses. You can count on the public being unable to demonstrate guts.

Chapter 5. Ever changing cycles: The game will only last as long as people see enough winners to convince them they have a chance. If the 'true' odds become obvious, no one would play.
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6 of 7 people found the following review helpful By A Customer on April 11, 2001
Format: Hardcover
Excellent!!One of the best books on professional speculation around!! How rare is the man that understands mass psychology and how to "copper" the public. Heard famous speculator vic niederhoffer used to make this reqd reading for all new employees. It is a true gem on the great endevour of speculation and the speculative mind.
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3 of 3 people found the following review helpful By Aung Htun on February 1, 2009
Format: Hardcover
"People who know the facts of life have called racing "the poor man's opportunity".
An opportunity, because it is always possible for a poor man,
or
a man who has failed at every other profession
or
business,
to get started at race betting with mere "peanuts".

It is always possible for him to go on and "run it up" into a sizeable fortune.
Any race
any day
any track
can lay the foundation of betting success!

It is possible for any man
(or woman)
who has the required even temperament for turf operations to "get off to the races" with small capital.

Perhaps with capital as small as a day's pay!

THAT IS TO SAY, IT IS POSSIBLE....."
[from the book of chapter one, page one of first one and half paragraph]
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