Is it possible to increase the mathematical expectation?

Discussion in 'Risk Management' started by MrAgi1, Oct 2, 2022.

  1. One can (easily) create algorithms to trade far more green days than red. This is not a badge of honor. Let's please stop posting our green/red day ratios. Profits are the correct measure.

    Being profitable with sports betting is far easier than stocks but sports bookies rig the size of bets betters can place. They tilt the market this way. It allows them to put out some low hanging fruit that gets you excited but you can't fully grab. Someone who is smart and disciplined can take advantage of this in a very small way but they do it because far more get sucked in and end up gambling. As soon as you tighten down the screws on your software to work their tilted odds they close the door on you by rapidly lowering the size of the bets you can place. They are a step ahead and play a bigger game that the odds arbitrage "geniuses" don't see.
     
    #91     Oct 8, 2022
  2. You said profit are the correct measure, correct? If that is the case, I’m in the green for my stonk trading ytd. Same as my sports bets. I’m in the green.
     
    #92     Oct 8, 2022