This may not best the best place to post this but newcomers may  be interested in reading a little about the late legendary Alan Woods.

There was a thread on the MSN forum which may not have made it over to this one.

 This is an article which gives an insight into his operations.    


www.themonthly.com.au/monthly-essays-tony-wilson-mr-huge-alan-woods-and-his-amazing-computer-nags-riches-story-149

Coincidentally after posting that Woods logit link, I was amused to find this Woods piece the same month.

http://ausrace.com/archives/2001-August/009757.html

It may well contain defamatory material so I caution anyone against publishing it elsewhere.

However it turns out that Woods was actually that card counter who appeared in the Four Corners Waterhouse expose.

Many years later on that same forum RWW seemed to be extremely pasy-walsy with Woods.

Extremely ironic considering the earlier expressed sentiments.

For the record RWW apparently also tinkered with logits, courtesy of Professor David Edelman.

But there is no evidence he matched Woods' success. Edelman appears to now be in Dublin, while the former RWW on-course tote initative appeared to fall victim to Darwinism many years back.

jfc

Could you distil that?

What the link gave us, was what I couldn't quite grasp.

 

I'd suggest you delete those links, jfc, not worth the risk.

I'd suggest you delete those links, jfc, not worth the risk.

Considering Wood's post is nearly a decade old, and RWW later apparently palled around with Woods on that same forum, I think linking to that is safer than a lot of defamatory postings here.

As a consequence of simply trying to help innocents, I managed to successfully defend myself against 3 defamation threats against me, without ever resorting to legal help, so consider myself with above average practical knowledge on the subject.

Nothing wrong with that.

Had Alan Woods not been deceased I would not have referred to him as a crook, which he clearly was.

So it's ok to say he was a crook because he's dead  but not if he's alive 

So I would be defaming Ivan Milat if I called him a criminal, as he is still alive.

Geeze, no wonder wonder you have trouble working out your Betfair balance 

It's over your head, Maxine

It's over your head, Maxine

Yes, the complexities are beyond my understanding, Walter " can we call a convicted serial killer a criminal and be in the clear, let's think about that a bit" Watermelon.   

jfc is a fool   

talks up alan woods today but before he's a crook.

logit idiot

For some reason this gem from Woods (under his sobriquet "entropy") is sitting in my browser.

Luckily it's safe to copy it here.


"in a country far, far away a couple of people troll BB's worldwide daily looking for snippets of information. likely what i post here will get reported to their "boss" who will then inform on me to others and i will get asked not to post "stuff"."

http://www.paceadvantage.com/forum/archive/index.php/t-10365.html

I thought one of the advantages of reputedly being the world's most successful punter would be that you are not beholden to anyone.

So the mind boggles at the concept of a "boss" paying two people for such activity and also pulling this self-styled Leviathan's  strings.

"Logistic regression or probit analyis are the proper ways to express the dependent variable (an S-shaped probability density function). However, you still have the problem of multicolinearity in most horse racing variables. Predictor variables are highly correlated (eg. back class and back speed, or speed and class). Multicolinearity violates the assumption of randomness in the error terms that is required by regression analysis. Thus, I am skeptical that regression analysis could work well using standard canned regression programs (e.g., SPSS). I do not know the multinominal logit methodology, but it likely solves this problem. The multicolinearity problem (plus other statistical issues) is why I am skeptical about a program such as Allways claim that it does multiple regression analysis"

Are they talking about bulding a rocket?

I usually just back the best horse in the race over the distance given the weight and fitness as long it's over the odds and it works well.

That other stuff is over my head and I went to University and did well in statistics and economics.