It's closer to a hedge fund finding asymmetries (e.g., under/over valued odds by bookmakers, bulk buying strategies when phone buying is turned off, etc.) plus some structural benefits (e.g., HK was a gambler's dream. Winnings were exempt from taxation! And the "pit boss" for the horse-racing scene wasn't kicking them out.)
These don't apply to all horse-racing scenes.
These advantages emerge, but get competed away.
Look at how the protagonists here were in black jack card counting teams. They do make money until they get blacklisted.
These don't apply to all horse-racing scenes.
These advantages emerge, but get competed away.
Look at how the protagonists here were in black jack card counting teams. They do make money until they get blacklisted.