Daily Racing Form (the horse racing bible) has a stated warning in every issue : Past performances are no guarantee of future performance. An amazing statement from a publication that SELLS past performances.

Buy the ticket, take the ride. Looking back at past mistakes is only helpful to not repeat the same mistake. I would submit that at least two of those examples were using the very best information that the sellers had at the time. The mistake only became apparent AFTER the price rise.

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