That's. [INAUDIBLE] I would really recommend, this is for future, when you kind of feel more confident and comfortable with this stuff. This is not right away, all right this website?
>> [LAUGH] >> Don't try to do this. Actually, please do because then [INAUDIBLE]. >> [LAUGH] >> So what do these things look like? This is from the recent an American of one with the whole thing. This is a typical, kind of a tilt screen. On the screen because, A is a nice colic. You can see here, in barrow 1, on a $2 bet, $7.80, right? Place bet, show bet. And, this is probably what it should look like, right? This proportional going down. On average, winning bets on a $2 bet, we're going to give this $2.10, and come back $20. On average earned, two dollars and ten cents is the minimum that must be paid out on almost all cracks. Sometimes what happens is that the amount spent on one course is more than all the other courses combined. So they have to instill this minimum so that we're actually now losing money [INAUDIBLE]. Place bets, obviously going to go down a little bit. Averaging, kind of level out to dollars, so that's [INAUDIBLE] $10. You can see here down below, $2 is that one, $2 price jacked up super there. A lot more money right? And on average, and when you start to win maybe considerably more on these other apps. These numbers that I regretfully came up with what I kind of assume then in the past this averages each tract of these piece of information when you buy their initial programs. This is from the fourth meadows [INAUDIBLE] Okay. [INAUDIBLE] The more specific your bet, the lower the odds. But hopefully, the higher the payoff, right? But it all depends. It all depends on are you betting with the chalk, or are you betting against the chalk? If you agree with that chalk. Rich, okay. If you kind of looked at all the variables and things, yeah, this horse is going to win. You'd use that with a few launch apps, right, that will help kind of increase your payout hopefully. If you use don't use it in a right, because hopefully you'll be able to get everyone else. Make sense? [NOISE] Okay kind of right. This relates to a it natural investing rate. Risk and reward right? Do we want to be more risky or do we want to be less risky with your money? Well you're less risky with your money your reward vein is lower right? And that happens as well, right? The more specific you are with your bets, the riskier they are and potentially [INAUDIBLE]. This is from my friend Warren Buffett, risk comes from not knowing what you are doing. Right now, you are at your riskiest, all right. So be very careful when you in a situation. >> [INAUDIBLE] again. >> Are there even more bets? Yes. It just kind of gets crazier from here on out. These Daily Double, Pick 3, Pick 4, Pick 5/6/7. These are not within one race, these are now across multiple races. So this gets pretty complicated after a while. Daily Double is essentially, you're are picking the winners of one race and then, the race right out, right?
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March 2019
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