This morning, I was thinking of risk and risk aversion and how that influences so many choices that men and women make. It’s no secret that women tend to be more risk averse than men with a curious exception: gambling. When it comes to spending money foolishly, for some reason, women are more willing to take risks. Most women enjoy collecting things, and status, and when you combine those two things, BOOM! Welcome to consumer culture gone mad.
The explosion of consumer culture coincided with women entering the workforce en masse, because women adore spending money, especially on useless crap like scented candles and throw cushions. What is up with throw cushions? I’ve seen beds that have so many pillows on them, you can no longer see the bed. How do you sleep on all these cushions? What do you do? Pile them up every night and then put them all back on the bed in the morning and for the love of god why would you do this????
Throw cushions are just one example of money women typically waste. These cushions serve no purpose. Why buy them? Risk aversion seems to go out the window when women are confronted with cushions.
Or horse races.
Oh, and by the way, you can be absolutely certain I will not waste the money I earned writing this particular post on throw cushions.
The Grand National is around the corner and the online betting sites are exploding with new bets as the odds change every day. Most people say that it´s impossible to have success in such a “random” race, but even when there´s a little luck involved, this horse race isn´t random at all. Actually, with some advices and pro tips, you might be able to score a big one.
If you don´t know what are we talking about, the Grand National is a race that combines long distance (the horses race for 4,3 miles) and sorting obstacles (green fences). This is a sports competition where thrill would be the exact word to describe it, since the last 200 to 300 yards gets everybody out of their seats. The jockeys try to get all out of the horse, sometimes extenuated for the great distance and effort. This race festival is truly a British institution, since it started in 1839 in the Aintree racecourse (located about six miles out of Liverpool), which has hosted the event ever since.
Before you place a bet in this race, you need to know that the horses go through a handicap system. It isn´t as complicated as it sounds, they rank the horses according to their performance in the races they participated along the year, the better a horse does the more weight it will carry, vice versa with the new comers and those that didn´t go so well (you can score a big one if you bet on one of these horses).
If we talk betting advices or “pro” tips, they say it’s best to place your notes in horses that did well on the last Grand National, like The Last Samuri, horse that ended in a very close second in last year race. Another great horse to bet on is Cause of Causes, double winner of the Cheltenham Festival (second race in importance in the UK behind the Grand National) and has shown great determination in its last races. This might be your chance to earn a few pounds, take a chance and bet on Grand National.