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Thursday, January 3, 2008

Brinker and Perils of Horse-Racing 8^)

On perhaps a lighter note, a poster on a Brinker Discussion Group who calls himself "Pig" (a fun guy and a friend--we don't discriminate LOL!), read my summary of the December 15th Moneytalk that is posted here (see link below). In it, I excerpted some of Bob Brinker's rather bizarre comments about "playing the horses."
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http://honeysbobbrinkerbeehivebuzz.blogspot.com/
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Here is "Pig's" post and and his comments about what Brinker said about "playing the horses:
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"From the other thread, where Brinker supposedly made this ridiculous statement:
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On Jan 3, 10:30 am, honeybee posted,
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>>BOB BRINKER'S REPLY: >>"..........Or for that matter, like you say, betting on horses --there's another one. By the time you are finished with the state and the track take-out, you would have to be a documented, certified genius to overcome the drain on the pool at any racetrack. It's ridiculous."
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Pig wrote:
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This statement is ridiculous. I knew successful horse players. I was one, for several years. It takes a lot of study, work, luck, and mostly discipline to know when to bet, and when NOT to bet, and money management, just like the stock market.
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I agree with that Octavian II guy. You are not taking money from the track or the owner. You are taking it from the other fools betting 2 or 3 horses in every race, or every race. (I've seen that)

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That's like saying that by the time you are done paying trading costs, mutual fund fees, wrap fees, you cannot make money in the stock market. DUH? When you cash out a stock, do people think the money comes from the company, or other traders?

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Tell some poker players (Texas Hold'em) that they can't make money after the house takes their rake.

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I have no idea why people even listen to anyone that can make such stupid remarks."


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