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If you bet on horses, you are betting against the tide (the house cut). If you bet on stocks, you are betting with the tide (a growing economy). I prefer the l
by WalterBright 1y ago
If you bet on horses, you are betting against the tide (the house cut). If you bet on stocks, you are betting with the tide (a growing economy).
I prefer the latter.
- srean 1y agoAre their big barriers to entry to become a booky ? One would assume it would be quite attractive to become one if he enjoys gambling. One gets to participate in the action and make money no matter which horse wins -- as long as they manage the edge right.
- gkilmain 1y agoThe biggest barrier is finding customers.
- nssnsjsjsjs 1y agoDo you mean the person at the tracks taking odds or a business doing online bookmaking. Being a bookie would be fun if you like maths, are street smart, somewhat not highly ethical but you are disciplined and can control your emotions. Similar to poker I guess. And are knowledgeable about the sport with respect to odds not trivia. I doubt a typical gambler would enjoy it. Does a "foodie" love working in a lab testing flour samples?
- srean 1y agoI stand corrected.
- nssnsjsjsjs 1y ago:) thanks. Sorry hope it didn't come across argumentative.
- srean 1y agoHuh! Not at all.
- nssnsjsjsjs 1y agoAbsolutely but there are smart people in horses with enough of an edge to hire staff in the dozens, and those staff be at the higher end of office setup, perks, socials etc.