Without leaving your house or having to get dressed. My Uncle Tudy lived next door. Beautiful 2 door Hunter Green '72 Buick Electra 225 in front of his house. Duece and a quarter as it was known. Arlington Horse Racing track was just over an hour south of us. He loved to drive down and play the ponies. Now and then he'd take us with. So cool, such a treat. Anywho, that's what the market seems like to me. Playin' the ponies.
On the Brews sre you OP? A few years ago I researched Horse racing systems (Bill Benter etc) and discovered some of them are very similar to Macro or Stock trading systems. But how many of us here have the Brains to trade on Macro or Stock fundamentals, right!
I had an "uncle" Andy who drove a Rambler. Not sure of year color etc but he'd take us to Belmont for The Stakes and an occasional Sunday here or there. Win a few lose a few. Good times overall. Nowadays here in SFla Gulfstream I hit now and then. But I have to say trading reminds me of none of that. Both are a gamble to a certain extent and enjoyable most of the time. But trading, for me is more serious and more important. The ponies strictly entertainment.
The odds for the horses is in no way similar to the S&P 500. The last time I stepped foot in a casino was over 10 years ago playing baccarat. That's pure gambling. No brain power or research required. Just pure hope. You can't backtest baccarat history. There's a big difference between the casino and the S&P.
The market, or day trading, is nothing like gambling at the horse track or casino. For some people I suppose it is. If they choose to gamble and guess and trade rather blindly foolishly. Only in the market can a crafty trader reasonably become a millionaire. Try becoming a millionaire in the horse track or casino... it's virtually impossible. There was an article on CNBC today saying how options day trading volume has exploded.
Earnings divided by starts and make result as a root. wins x 9, place x 5, show x 3, add total divide by 9, then divide by starts and make result as a root. Multiply roots for a score. The third best horse is the value WPS bet.
I miss my GnT's once in awhile, but I don't miss the trouble they got me in. I've never been to a track. But, if I'm not mistaken, the higher the odds, the lower the payoff? If you know of a track where the odds of a horse winning is 50/50 and the payout is 2 to 1, please take me there. I'll await your PM.
You are mistaken. Higher the odds the bigger the payout. Why would you think it is otherwise. No one at all would bet on the high odds if the payout, if they win, isn't higher? Also there are often horses with odds better than even 50/50.