Yes one of the secrets of the world that have never been divulged to the general public... the REAL values of options, the formula for Coke a Cola, oh and of course aliens over Roswell.
Time decay is not an edge. It is the reward for bearing the risk of a sharp move against you. Over the long run it balances out.
Understanding and being comfortable with the associated risk holds greater pertinence in this matter, and not the assumption of inherent edge.