SWR Investment Strategy and Horse Race Betting Systems are the samething

Hydroman · 06-11-2006, 12:31 AM

I have spent over a year studying various ER and SWR studies methods like FireCacl etc. I have read thousands of posts on these boards and similar ones. I have read all the major investment books (four pillars, buckets etc etc). I am burnt out on the whole thing and have come to the conclusion there really is no difference in SWR strategies/calculations and horse race betting systems. It is all about odds and handicapping with the just about the same chance for success.

Can someone tell me what the difference is between what you read on these boards and the systems you find on the following website?

http://www.betting-on-horse-racing.c...l/betting.html

Place your bets and lets get on with life.

haha · 06-11-2006, 01:47 AM

You are probably joking, but in case you are not- I can tell you there is one huge difference that makes it relatively easy to win at investing, and quite hard to win at horse betting. The take, vigorish, rake or whatever you want to call it. Race betting is a zero sum game, before costs. Then subtract 14-26% off the top of the pools, depending on what type of bet and what jurisdiction, and you have the max possible return to the players. But there are also other costs- getting to the track or OTB parlor, parking, Racing Form, etc, etc.

I well designed stock strategy starts with a game that historically has been positive overall, and furthermore has much lower mandatory costs associated with it when compared to horse race betting.

Both forms of play are probably about equally crooked though. And horse race bettors at least realize that they are gambling.

Ha

Jarhead* · 06-11-2006, 08:53 AM

Quote:

Originally Posted by Hydroman

Can someone tell me what the difference is between what you read on these boards and the systems you find on the following website?

The other boards don't have "Funny Joke Fridays".

unclemick · 06-11-2006, 09:06 AM

Horses don't pay dividends.

Just ask the Norwegian widow.

heh heh heh heh heh - dryer sheet anyone?

Arif · 06-11-2006, 09:15 AM

I would agree that with so many options in designing a portfolio it can seem a bit overwhelming. I've read ESR Bob's book and his recommendation of the RIP portfolio. I've also read How to Retire Early and Live Well by Gillette Edmunds and his recommendations on constructing a portfolio. Not to mention Berstein's Four Pillars and recommended portfolio (which I haven't read, yet). I guess most folks here just gravitate towards the strategy that makes them most comfortable. It would be interesting to here which strategy folks are using and why they selected that method of investing.

**Rich_in_Tampa** · 06-11-2006, 09:19 AM

Quote:

Originally Posted by Hydroman

Can someone tell me what the difference is between what you read on these boards and the systems you find on the following website?

http://www.betting-on-horse-racing.c...l/betting.html

In horse racing, even if you lose there is always someone else to clean up the mess.

Craig · 06-11-2006, 09:30 AM

I'll take Vanguard to Place, in the fifth.

cute fuzzy bunny · 06-11-2006, 09:38 AM

Thats easy. If horseracing had the same horses running for the last 100-something years, and betting on a certain combination of them always produced a winning wallet, then they'd be a lot like each other.

As far as I know, not many people take home a nice profit consistently from the horse races. Many people leave empty handed.

Not so with a reasonable investing strategy.

And my stocks dont eat any oats, and my bonds never poop.

brewer12345 · 06-11-2006, 09:52 AM

Quote:

Originally Posted by unclemick2

Horses don't pay dividends.

Sure they do. All that food has to go somewhere...

Sheryl · 06-11-2006, 10:06 AM

Quote:

Originally Posted by Cute Fuzzy Bunny

And my stocks dont eat any oats, and my bonds never poop.

This has to be the title of a country music song.

Alex · 06-11-2006, 11:58 AM

Funny, my grandfather was a horse better - he died broke. I'll take my chances on a 4%-5% SWR over the track any day.....

haha · 06-11-2006, 01:11 PM

Quote:

Originally Posted by Alex

Funny, my grandfather was a horse better - he died broke.*

Wow! My grandfather was a horse worse, and he died well off.

Ha

REWahoo · 06-11-2006, 01:37 PM

Quote:

Originally Posted by HaHa

Wow! My grandfather was a horse worse, and he died well off.

What kind of net worth does a horse need to be considered well off when it dies?

06-11-2006, 12:31 AM	#1
Hydroman Recycles dryer sheets Join Date: Apr 2006 Posts: 144	SWR Investment Strategy and Horse Race Betting Systems are the samething I have spent over a year studying various ER and SWR studies methods like FireCacl etc. I have read thousands of posts on these boards and similar ones. I have read all the major investment books (four pillars, buckets etc etc). I am burnt out on the whole thing and have come to the conclusion there really is no difference in SWR strategies/calculations and horse race betting systems. It is all about odds and handicapping with the just about the same chance for success. Can someone tell me what the difference is between what you read on these boards and the systems you find on the following website? http://www.betting-on-horse-racing.c...l/betting.html Place your bets and lets get on with life.

06-11-2006, 01:47 AM	#2
haha Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Apr 2003 Location: Seattle Posts: 8,392	Re: SWR Investment Strategy and Horse Race Betting Systems are the samething You are probably joking, but in case you are not- I can tell you there is one huge difference that makes it relatively easy to win at investing, and quite hard to win at horse betting. The take, vigorish, rake or whatever you want to call it. Race betting is a zero sum game, before costs. Then subtract 14-26% off the top of the pools, depending on what type of bet and what jurisdiction, and you have the max possible return to the players. But there are also other costs- getting to the track or OTB parlor, parking, Racing Form, etc, etc. I well designed stock strategy starts with a game that historically has been positive overall, and furthermore has much lower mandatory costs associated with it when compared to horse race betting. Both forms of play are probably about equally crooked though. And horse race bettors at least realize that they are gambling. Ha __________________ "Show 'em just enough to win the turkey."- Former KY Governor Bert Combs

06-11-2006, 09:06 AM	#4
unclemick Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Jul 2003 Location: north of Kansas City Posts: 5,524	Re: SWR Investment Strategy and Horse Race Betting Systems are the samething Horses don't pay dividends. Just ask the Norwegian widow. heh heh heh heh heh - dryer sheet anyone?

06-11-2006, 09:15 AM	#5
Arif Full time employment: Posting here. Join Date: Jun 2005 Posts: 661	Re: SWR Investment Strategy and Horse Race Betting Systems are the samething I would agree that with so many options in designing a portfolio it can seem a bit overwhelming. I've read ESR Bob's book and his recommendation of the RIP portfolio. I've also read How to Retire Early and Live Well by Gillette Edmunds and his recommendations on constructing a portfolio. Not to mention Berstein's Four Pillars and recommended portfolio (which I haven't read, yet). I guess most folks here just gravitate towards the strategy that makes them most comfortable. It would be interesting to here which strategy folks are using and why they selected that method of investing. __________________ You take the blue pill - the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill - you stay in Wonderland and I show you how deep the rabbit-hole goes.

06-11-2006, 09:30 AM	#7
Craig Full time employment: Posting here. Join Date: Dec 2004 Posts: 714	Re: SWR Investment Strategy and Horse Race Betting Systems are the samething I'll take Vanguard to Place, in the fifth.

06-11-2006, 09:38 AM	#8
cute fuzzy bunny Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Dec 2003 Location: Losing my whump Posts: 22,527	Re: SWR Investment Strategy and Horse Race Betting Systems are the samething Thats easy. If horseracing had the same horses running for the last 100-something years, and betting on a certain combination of them always produced a winning wallet, then they'd be a lot like each other. As far as I know, not many people take home a nice profit consistently from the horse races. Many people leave empty handed. Not so with a reasonable investing strategy. And my stocks dont eat any oats, and my bonds never poop. __________________ Many an optimist has become rich by buying out a pessimist

06-11-2006, 11:58 AM	#11
Alex Full time employment: Posting here. Join Date: May 2006 Posts: 696	Re: SWR Investment Strategy and Horse Race Betting Systems are the samething Funny, my grandfather was a horse better - he died broke. I'll take my chances on a 4%-5% SWR over the track any day..... __________________ Oh, you hate your job? Why didn't you say so? There's a support group for that. It's called EVERYBODY, and they meet at the bar.--Drew Carey

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