Dave Schwartz, The Horse Handicapping Authority, discusses the impact of winning and losing streaks. Also discussed is the 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?