| A man walks into a bar with a duck on his head. | | | | "What? And give up all the fresh eggs?" the man |
| The bar tender strolls over and says, "Can I help | | | | says. |
| you?" | | | | The point is that horse racing tips usually come |
| "Yeah," the duck says, "Who do you think will win | | | | from sources that are about as reliable as talking |
| the third race at Saratoga?" | | | | to a chicken or a duck. If you are going to bet a |
| The bar tender gets a conspiratorial look on his | | | | bundle on a horse based on hearsay, you better |
| face and speaks in a hushed voice, "The chicken | | | | be ready to lay a lot of eggs. |
| at the end of the bar knows the jockey on the 4 | | | | The best way to find good bets in a horse race is |
| and says it can't lose." | | | | to handicap the race using a good system and |
| The duck looks down at the man and says, "You | | | | then to assign what you think are fair odds to |
| hear that? The 4 in the 3rd at Saratoga." | | | | each horse. Then, see if you can find a bargain in |
| The man with the duck on his head rushes out of | | | | the race, bet on it, but if you can't, pass the race. |
| the bar to tell all his friends that a certain duck | | | | Does this mean you will always make money |
| gave him a hot tip in the 3rd race. | | | | betting on horses? Probably not, but you will have |
| A week later the same man walks into the bar | | | | a much better chance. |
| with a chicken on his head. | | | | Betting on horse races is risky and you have to |
| The bar tender strolls over and says, "Hey, what | | | | think for yourself and use logic and common |
| happened to the duck?" | | | | sense as well as good money management. A |
| "Well the 4 didn't win and I lost a bundle on him," | | | | good system is based on probability, in other |
| the man says, "So I got rid of that stupid duck." | | | | words, using trends established in the past to |
| "But it was actually the chicken who gave us the | | | | predict the future and then to assign a fair value |
| bad tip," the bar tender says. "If I was you I'd get | | | | to expected results. That's a horse racing tip you |
| rid of that chicken?" | | | | can rely on. |