I have witnessed many horse and dog racing "positive" pools where buying every combination will give you a guaranteed win. You are missing the key difference between a vp jackpot and parimutual jackpot. You can buy a win, but if all the favorites come in you will have to split the jackpot with many others rendering your "positive" bet very negative.
The bet is positive when you have estimated your chances of winning will produce more than you are betting (positive expectation). The difference with handicapping is your ability to estimate your chance of winning may be poor and cannot be determined with the mathematical certainty of vp.
The pools often become large enough that even a poor handicapper will have a positive expectation. This even happens with the lottery.
Chris
--- In vpFREE@yahoogroups.com, kelso 1600 <kelso1600@...> wrote:
>
>
> The second site gives some decent information. However, to my knowledge I have never known a Pick 6 to be "positive" where you were guaranteed a win if you took every combination. He probably used some handicapping and risk management skills to hit it but I would also say that he probably spent a lot buying all the combination that he needed to have a decent change of hitting it.
>
> ----------------------------------------
> > To: vpFREE@yahoogroups.com
> > From: mickeycrimm@...
> > Date: Tue, 4 Jan 2011 02:18:49 +0000
> > Subject: [vpFREE] Re: Tuna the whole story
> >
> > Another story I heard about Tuna is he once hit a Pick 6 Horse Racing ticket for a gargantuan sum of money. I know some of his history in video poker, slot progressives, video keno progressives, and he showed a big profit in tournament poker but if this story is true then maybe it would speak to his legend as an all-around strategic gambler.
> >
> > I knew nothing of Pick 6 horse racing and did a little googling. I was wondering what his betting strategy might have been. I found out that it had or has a progressive jackpot. I wonder if they went positive in those days, or still do? Some of the strategy used are in these two sites. Tuna must have used similar strategy:
> >
> > http://en.wikipedia.org/wiki/Pick_6_(horse_racing)
> >
> > http://horseracingpicksix.com
> >
> >
> >
> >
> >
> >
> > ------------------------------------
> >
> > vpFREE Links: http://members.cox.net/vpfree/Links.htm
> >
> > Yahoo! Groups Links
> >
> >
> >
>
