5 Things Investors Can Learn from Betting on Horse Racing

ProfitInvesting is an art, not a science. In science, the search is for a repeatable answer under every identified condition. As strong as it may seem to many, the search is not, in the end, the largest performance number.

From an investment standpoint what I learned at the track that is useful can be summarized as follows:

1.  The objective is not to win every race but to finish the day as a winner (including expenses).

2.  Don’t bet on every race, there could even be days when no bets are made as the payoff o

Source: Lipper: 5 things investors can learn from horse racing betting

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About Editor

Rich Nilsen is a 19-time qualifier to the National Horseplayers Championship (NHC), an event he has cashed in four times. He was the first player to finish in the top 10 of the NHC twice. A former executive with Brisnet.com and a member of the NHC Players’ Committee, Rich is a graduate of the University of Louisville Equine Business Program and is founder of AGameofSkill.com, a site devoted to horse racing education and promotion.

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