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foxhound6 | 6 years ago

In horse racing where the bets are done via parimutuel[1], the challenge is that there's an upper bound on how much you can "invest" in a given wager without changing the odds. This makes it less likely that an expert will seek outside investment unless their model has them betting "wide" (lots of small bets vs. a few large ones).

[1] https://en.wikipedia.org/wiki/Parimutuel_betting

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PaulRobinson|6 years ago

Not everywhere does Parimutuel - the UK and Ireland for example have basically rejected it despite massive investment into on-course "Tote" systems.

foxhound6|6 years ago

Sorry I should have been more specific. Love your stuff on Twitter by the way.