How to Find a Black Cat in a Coal Cellar

An investigation into gambling which provides the answers to why betting favourites can lose less money than longshots and why some bookmakers are more efficient than others and why some like winners and others do not. Joseph Buchdahl investigates the questions faced by gamblers and the techniques that are used by punters and bookies alike. He helps the punter find value for money in an industry that appears to be mostly built on trust and the influence of chance.