Pitching In – A Strategy
When our father first took to his pitches at the racetracks of the UK in the late 60’s, the betting jungle was THE market. The betting ‘shows’ were formed directly from the chalkboards and reported back to the shops and credit offices around the country via telegram and ticker tape.
It was economics in its purest form. The odds went up based on each individual bookmaker’s ‘tissue’ before being solidified by the invisible hand of demand and supply.
Fast forward 50 odd years and as you’d expect with the vastness of the industry, things have changed a lot. Supply and demand replaced by algorithms and computer models.
