Quotes About Racetracks

1. The first psychological fallacy is the tendency to overvalue wagers involving a low probability of a high gain and to undervalue wagers involving a relatively high probability of low gain. The best examples are the favorites and the long shots at racetracks.

There is an intimacy about the place that makes it unique among America's racetracks.

I raise quarter horses. Mine are mostly thoroughbred cross horses, a little bigger horses than some people like. I sell them or use them on the ranch. A lot of them go to the rodeo arena and some of them go to racetracks.

Racetracks seem to reward innocence. If babies were permitted to wager, they'd ultimately win so much money that management everywhere would bar them. NO BABIES ALLOWED, says a big sign at Hialeah. At Belmont Park, it reads, BEAT IT, BABIES.

I've been to more racetracks than any other person I've met. Almost every track, missing only a few of the newer ones.

There are a lot of people making money in NASCAR, so let's help it be SAFER barriers where they should be - especially at these very very fast racetracks.

By the way, the odds against making a living in the day-trading business are about the same as the odds against making a living at racetracks, blackjack tables, or video poker.