Posted on May 5, 2020 by iwano@_84
If you’re looking to be a better handicapper, and who isn’t, then a simple rule or principle of economics and distribution may help you to do less work and get better results. It’s called Pareto’s Principle and it’s named after Vilfredo Pareto, an Italian economist who observed in 1906 that 80% of the land in Italy was owned by 20% of the population. When he looked at other systems in nature and human endeavor he found that roughly the same amounts applied. For instance, 80% of the beans in his garden were contained in just 20% of the pods.
Land? Beans? Italy in 1906? What does this all have to do with improving your ability to pick winners and make money betting on horses? Here’s a fact that may help you to start to realize how this rule might affect your ability to handicap. Roughly 80% of the races are … Read More