How would you make money ?

[whyBish]

Doesn't this mean its still a horse race, but with the odds more in your favor?

Cheers,

Munk
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No.
Maximisation of profit requires that you invest in things that give the greatest rate of return. Anything that is negative sum is not going to be selected by a naive* investor that understands this concept.

(By naive I mean that they have no special knowledge about the horse races (or the sharemerket) that could make the game, for them, positive sum)