So two races, you're trying to pick the winner. Pick three, you're trying to get the winner in three sequential races. Pick four, four, and five, six, and seven, those are our kind of promotional type things that we do and it's very, very difficult. Either that or people kind of do their own things sometimes right.
They might [INAUDIBLE] And then three horses win the second race, right so they're in the best [INAUDIBLE] as well. Okay. So we talked about what all these bets are, well how do you decide? How do you decide what bet to make in general? Well, you can do that with information. You can do that with information from a variety of sources and we'll talk about two of these as we go through. First up, morning line odds. So, morning line odds. At each race track, there's what's called an oddsmaker. All right. Let's remember. [INAUDIBLE] trying to get your people [INAUDIBLE]. So they make this, they have this odds maker, basic [INAUDIBLE] to view stuff, trying to estimate odds and things [INAUDIBLE] near the race itself. A lot of people think odds makers are trying to predict the race itself. That is not the case. Odds makers are trying to predict what the betting public will be doing, okay. They try to predict what at the very end are those actually going to be? So, they're trying to follow along what each are going to do, all right. >> That almost seems harder. [INAUDIBLE] >> Yes. It's exactly that. >> [LAUGH] >> Right? Because they couldn't probably better than anyone else, right? But that's not their task, their task is trying to figure out what are the actual at the end of the race based on people betting. That is my by the way. >> [INAUDIBLE] >> Yeah, all right. So how bout Oz, right? So that's the track kind of provided information, there's also past performances of the horses themselves. When you go to a track you can buy an official program, you can also buy this the daily recent form, this has past performances on a lot of different horses. You can see here, there's a lot of information. Basically, up here at the very top this is the misinformation itself and that for each course it will have the same kind of block of text and we'll talk about what all of these are. But one thing I want to look at right now is each of these rows down below, right, this first one says 15 Feb 10th. 15th of February 2010, they ran this race. Okay? And it tells you all the information about the times of the race, the race type, fractional positions, the weights of the jockey, the actual odds, a one off. And also what I think is kind of interesting, over here it actually tells you of the other horses that rant hat race. So a lot of people take stock into the fact that hey if this horse already beat this horse that it beat now, there might be like some horse psychology going on. >> [LAUGH] >> I don't know much about that quite honestly, but there is lots of start thinking about here. I'll share the link of where this presentation is at. The internet before, they actually have a little animation that will go through and tell you all of that focus information are as well. From our investment friends, past performance is not [INAUDIBLE] turns, this is common in exam prospectus for good investments, right.
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