6/3/2023 0 Comments Frank duval worldsMurdoch could have lost a $20,000 bet 50,000 times to be bankrupt on a fortune of $1 billion with horse racing tips. If anyone prefers that decimal percentage in plain English, it would be “two-one-hundredth-thousandths.” Obviously, his fortune was not what it is today, which is estimated as being beyond $20 billion, but even if he had “only” $1 billion in the days when he was going head-to-head with Bill Waterhouse, a $20,000 punt would have represented 0.00002 per cent of his worth. He is approaching 90 years of age and probably no longer mixes it up with the bookies, but back in the 60s and 70s, Murdoch was betting $20,000 on a single race. The name of Rupert Murdoch is familiar to just about anyone in the world. Here is a simple analogy to drive that point home with the best bets of the day. Know that one of the best ways to be successful is to have a bank so large that losses can be shrugged off without regret. ''A gambler to me is a man who risks what he cannot afford to lose and I have never done that,'' Duval was quoted as one time saying.ĭuval often made big bets and since he was from the correct period, many of his wagering exploits involved Big Bill Waterhouse.
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