idiom. To take an active interest in a company or undertaking by making a significant investment or financial commitment. Also a term coined by renowned investor Warren Buffett referring to a situation in which high-ranking insiders use their own money to buy stock in the company they are running.
As I wrote a couple of posts ago, due to my responsibilities at work which require my utmost focus given today’s financial climate, I’ve decided to expand my betting horizons toward All Weather non handicap races mid week.
The theory being that level-weight races should not require excessive amounts of time (and mental capacity) to fathom any draw, pace biases and all the mirade of factors thrown at you in handicap races. These will we relegated to weekends when I more time
The lure for the punter of non handicap races is the market which time and time again provides an extremely accurate guide to each horse’s relative chance of winning.
Therefore in theory, you should be able to categorise contenders and non-contenders fairly quickly. Unfortunately so can everyone else which means there’s little value in the prices on offer to make a long term profit if you are not judicious in your bets.
So what’s my edge? That is the subject of a future post.
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Tags: Betting Theory