satherds
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Re:Wasting your time! - 2006/04/09 14:14
What is a totally bogus "Charo Rule?"
As far as Paretto`s Principle goes, think of it this way: Out of all the craps players in the universe, at any one time, 20% of them are winning 80% of the money. Whereas, the players in the 80% category, have to divide the remaining 20% of the money, between themselves.
Vilfredo Paretto (1848-1923) did not say that 20% of the shooters in any single crap game, will always win 80% of all the money. Life should be that simple.
How about horseracing? Would you include Bafford and Lukas among the 20 percenters? Favorites? As a group, all favorites together, win 33% of all the races. However, mortal lock odds-on favorites within that group, win 80% of their races. Knowing that, was how the "Lady In Red" was able to wreak havoc, on Rockingham Park`s minus pool, month after month.
Why waste time and money looking for plays among the 80 percenters?
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Fwd: New Scientist
Wasting your time!
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