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CEW,
Dutching is an old concept that was around in the 60's and is still valid today as are many concepts if you can get the right set up and situation. Very late money from simulcasting coming after the race begins hinders and makes it difficult to properly employ. Ditto with Benter's concept and other concepts that beat the game.
While all still valid one must have a great deal of patience to employ them however the public does make mistakes every day.
Whenever the game gets beat it evolves to new ways in order to survive. I wouldn't hold my breath for tracks to change such as employing a strict cutoff to post time. That would reduce their pools and thus their profits on take.
The Kelly is a valid concept that is ignored by the masses even today. Most give little attention to money management.
There are many similarities of the stock market and horse racing. I suppose if one has very deep pockets positions can be Dutched. I.e play 3 or 4 different companies and have the one that survives etc. Your right for the small player in that your mostly all in.
Mitch44
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