The Montana Factor In addition you must know that the Thoroughbred industry is the most profitable and the second most supply-demand situation. This is a simple statement and
I stand by it. With that said what I wanted to say is that the supply-side of the equation is not as simple as you think it is. When speaking of supply-demand, one must always consider the market and the demand. Everyone knows that when the supply falls below demand the market pressure will increase until the market corrects itself. Roulette Online
That is exactly what is going to happen with the Greatest Grouse, the only race at the Thoroughbred level that is subject to some of the strictest conditions that the trainers and owners must adhere to. If you wager on the Greatest Grouse with 8-2 odds, simple elimination
will tell you that you are likely to lose more money than you will win. In that situation you would be better off getting a good price on the race than blowing your money trying to catch the all important winning the pennant.
The Montana Factor Remember that although the Greatest Grouse
a supply-demand situation with a high demand supplying the race, the race does not follow precisely on the Phillips curve. During a supply-demand situation the rectifiable factors change from the
theoretically optimal performance to the actual optimal performance. During a particularly hot or cold stretch of the Montana River races the motivating factors change from decline in ratings for the various horses, to increase in
ratings for the same horses. In this situation the supply-side factor does not necessarily move as much as the demand-side factor might move. The handicapper must necessarily adjust his estimate of the percentage of each horse’s chance of winning the race in accordance with the change in the rating The supply-side factor also changes as the percentage of each horse’s chance of victory changes. During winning
streaks supply-side factors tend to increase and during losing streaks they tend to decrease. Again, during a hot or cold stretch a supply-side factor can increase, and during a particularly hot or cold stretch a supply-side factor may decrease. During a supply-demand situation the percentage of each horse’s chance of victory can be increased or decreased, the overall rating may be increased or decreased, and thus the chance of a win may increase or decrease. During a particularly hot or millikenfr.com
