The Kentucky Derby is this weekend. Just for fun let's say that you have been invited to attend. You know nothing about horse racing, but you will be sitting in the most coveted box seats at Churchill Downs with an entourage that includes seasoned fans of this race. The ladies will be wearing fabulous hats and everybody will be drinking mint juleps.
They have gifted you with $100 with which to place bets. You do not have the option of pocketing the money.
You discover that betting is complicated and you seek your mother's advice. She doesn't know what to say. She wonders: Should you hedge your bets? Is there time to do research? Should you throw this money at the horse with the coolest name?
But she has a blog, so she randomly puts out this post.