As you know, at racetrack you can bet on a horse – the winner a specific race. The winning is calculated on the basis of ratio of rates on the winning horse and all the other horses participated in the race. In this case there are three groups of horses: favorites, middlings and outsiders. If favorites win the winning is usually minimal, but more probable. If outsider gains a victory then winning is immense, sometimes it exceeds the amount of a bet in a hundred or more times. However, outsiders win very rarely, and so in general the rule “social justice” is triumphing – the strongest at the moment of race wins, ie favorite.
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For this reason a lot of players on the racetrack bet on the favorite of a race. The method of identifying a favorite is quite simple: just look at the ratio of rates and choose the horse for which victory will be given the lowest win. A more complex and time-consuming process of identifying a favorite, requiring specialized knowledge and years of experience is ignored by unprofessional players. Professional players often use this rule against the majority of the uninformed players. In the very beginning of betting professionals from racetrack change obvious chances of horses when bet on an outside which in reality doesn’t have any chance to win the race. Other players if they see a new “favorite”of race begin to bet on it, thereby they attract even more attention to it. At the end of the betting punter puts good money on the real favorite. This sum is more large as was puted by hippodrome simpletons on alleged “favorite”. As a result the latter bet allows professionals to break a good sum at the expense of amateurs. Brokers always give sincere advice to their clients. And while they constantly confront with the fact when clients are looking for trick in their words, and think that interest of brokers is as soon as possible to ruin them by their “unintelligent” advice. That’s why if none of them kept the statistics of these recommendations then it is naturally attention has been paid only on what that client wanted to see.If one client wanted to notice only brokers mistakes (such clients consider as broker mistakes recommendations for which implementation they had losses regardless of market conditions and that by any the most profitable strategy losses are inevitable) then he saw them generally. As a result the client “received confirmation” that brokers wanted to fool him. If a client wanted to notice only the winning trades on the basis of my recommendations then all in his eyes in these recommendations has been seen in pink. Imagine that stockbroker is calling you and announcing you stocks which are the most “hot” today and it should be to buy them urgently. Do you follow his advice? It is difficult to answer with certainty. On the one hand the broker will probably be an expert, and this may affect your decision to buy stocks recommended by him. On the other hand giving you advice the broker clearly intends to earn their commissions, and the latter circumstance reduces the effectiveness of his advice.
