Dave Schwartz, The Horse Handicapping Authority, discusses the impact of winning and losing streaks. Also discussed is the Gambler’s Ruin Problem!
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:
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Here are the links to read the podcast transcript:Â Read Part 1 |Â Read Part 2Â | Read Part 3Â | ReadÂ Part 4
If you haven’t watched the Getting Started video, you can find it hereÂ
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