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‘Money Without Work’ 8: Logistics

In previous articles we have covered the Efficient Market Hypothesis and the Wisdom of the Crowd, and how these theories help us identify opportunities that have a positive Expected Value (EV+), writes Russell Clarke. Our task as punters is to try and limit our individual bets to those that have an EV+. We can do […]


‘Money Without Work’ 7: Betting Psychology

It is perhaps the greatest paradox in the investment world that many consistently profitable money managers have a large percentage of losing clients, writes Russell Clarke. I recently saw the records of a very successful US Hedge Fund, that showed over 40% of their lifetime client base had actually lost money while investing with the […]


‘Money Without Work’ 3: Sharp & Soft Bookmakers

Part 3 of this series looks at different types of bookmaker. Earlier episodes can be viewed here. The terms “Sharps” and “Softs” refer to bookmakers that operate very different business models, writes Russell Clarke. Sharp bookmakers operate a low margin/high turnover model and Soft bookmakers operate a high margin/low turnover model. Examples of Sharp bookmakers […]


‘Money Without Work’ 2: Wisdom of Crowds

Part 1 of this series can be found here. I have deliberately kept mathematical ‘proof’ and academic rigour of the theories of Wisdom Of Crowds and the related Efficient Market Hypothesis out of this article, writes Russell Clarke. Those who are interested can easily research further their efficacy online. For what it’s worth, I believe both […]


‘Money Without Work’ – Back to Betting Basics

Success in betting is typically approached with the primary, and sometimes exclusive, goal of selecting winners, writes Russell Clarke. Whilst undoubtedly important, such an approach rather puts the cart before the horse (pardon the pun). Understanding the betting marketplace, and some of the basic maths, is the cornerstone of any viable strategy. This can then […]


My Oberon made to work for all-weather honours

My Oberon just edged out San Andreas in a thrilling finish to the All-Weather Mile Championships Conditions Stakes at Newcastle. Trained by William Haggas and partnered by Tom Marquand, My Oberon was last seen finishing sixth in the Dubai Turf last month and ultimately just about made his class tell as the 13-8 favourite. However, […]


Blue Lord makes light work of Naas assignment

Blue Lord outclassed his two rivals to make it two from two over fences in the Irish Stallion Farms EBF Novice Chase at Naas. Runner-up to Bob Olinger in the Lawlor’s Of Naas Novice Hurdle on this card 12 months ago, the seven-year-old went on to be placed in two other Grade Ones at Leopardstown […]


Plan B working out beautifully for Sheila Lewis

It is hard to think of many small businesses that have thrived rather than floundered during the ongoing Covid-19 pandemic, but Powys racehorse trainer Sheila Lewis has done exactly that. Lewis juggles running her small racing stable with owning and managing her own salon, The Beauty Mill, both located near the same Welsh minster town […]


Autumn 2021: Bet Selection

3 Part Challenge STEP 3: The Right Bet All righty! We’ve found the best races to play in Step 1 (click here to review that), and we’ve sorted our contenders from the rest of the field (see this link for that step). Now it’s time to think about the optimal bet for the opinions we have. […]


The Pick of the Posts 2020

Well, what a year this has been. It was borderline impossible to imagine the gathering gloom as we turned the page from 2019 to a new decade and what we surely all believed would be a fresh chapter full of hope and opportunity. For those of us lucky enough to have never had to live […]


Three Week Challenge, Part 3: Bet Selection

You made it! This is the third and final part of the Three Week Challenge. In this concluding part, we’re going to look at bet selection. We’ve already chosen the right races on which to focus in part one; and then in the middle section we’ve shortlisted our race runners into value contenders and overbets/also […]

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