lol F&M boys have voted^^, [not Filly and Mare...?] Florida(hooves) and Michigan(pants)!
This is discussion on horseplaying Selection theory.
These are the basics of a good percentage of my opportunities. The wagering apendix gives an insight into how I calculate value, as well as determine betsize. The pyramid shows another side of the game that also is neglected in discussion.
It's funny, because if I had posted some chess theory about conceding the center and controling the flanks on a chess board, you would have someone contribute their own knowledge of flank openings, maybe a few people would challenge the validity of the theory etc... Maybe someone learns something, and the theory is advanced or disproved. (Most semi-serious chess players care about opening theory.)
In horseracing you get the F&M wiseguys
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I have some examples for pick 3 wagering using the value and edgefactor approach, however the focus here is on Selecting Losing Favorites.
Losing Favorites create the inneficient market situations which are the core of systematic profitable play.