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Podcast-0006 – Streaks and Gambler’s Ruin

Dave Schwartz, The Horse Handicapping Authority, discusses the impact of winning and losing streaks. Also discussed is the Gambler's Ruin Problem!


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Horse Handicapping Dave Schwartz
Gambler's Ruin Problem!

  • What are the chances of going broke with a small advantage?
  • What are the chances of winning with a small disadvantage?

Streaks and Betting Strategies

  • Who is the house?
  • Only Three Choices
  • Implications of each
  • Who says you can win without a mathematical edge?

Here is the link to listen to the podcast:

https://objects-us-east-1.dream.io/pmtr-videos/Talk-hcp/BlogTalk-006.mp3


Here is the link to listen to the podcast at Super-Fast Speed here:

https://objects-us-east-1.dream.io/pmtr-videos/Talk-hcp/BlogTalk-006-Fast.mp3


 

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