The markets change, the questions remain the same.
From the Betfair forum, ‘Is it still worth betting on horses?’:
Backing, laying, trading, it doesn’t matter.
Having read the input from various gurus on here over the past few months, I’m beginning to wonder if any of them still bet on horses as a major part of making a living.
I ask because I’m trying to develop a winning (laugh) system for horseracing. If I’m wasting my time, would somebody please tell me and point me at snooker or darts or even football if that’s where the profits are to be had.
According to many on here, horseracing markets are now so accurate that there’s no percentage to be had.
Serious question. No offence intended.
Replace ‘backing and laying’ with ‘going long and short’, ‘horses’ with ’securities’, and ‘horseracing’ with ‘markets’…and what follows in this thread is an interesting debate on efficient market theory and whether or not one should believe in such things as hedge funds.
(btw please welcome Betfair founder Andrew ‘Bert’ Black to the blogosphere!)
