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006 - Streaks and Gambler's Ruin

  • Broadcast in Sports
Dave Schwartz Horse Handicapping

Dave Schwartz Horse Handicapping


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Dave Schwartz, The Horse Handicapping Authority, discusses the impact of winning and losing streaks. Also discussed is the Gambler's Ruin Problem.

Gambler's Ruin

  • What are the chances of going broke with a small advantage?
  • What are the chances of winning with a small disadvantage?

Streaks and Betting Strategies

  • Who is the house?
  • Only Three Choices
  • Implications of each
  • Who says you can win without a mathematical edge?