A gambler approaches you, this gambler is a student of the horses. He studies the form, he watches the races but he bets every race.
This gambles give you a tip, at what stage does his tip become +EV, he gives you a tip on a certain inerval.
1--> every race
At which stage does his tip become a +EV decision, if you never take the tip please explain why, if you do decide to take it, make considerations that this gambler just pays the juice, and what % of you BR do you gamble ?
The tip was 10/1 for a win, some inside "information", which is usualy crap, and to back each way, which was paying 1/4 of the odds
_ your stake back for a top 3 place. 14 runners, if that means anything.
I dont bet on horses, but poker players are inherant gamblesrs.