Is it possible to increase the mathematical expectation?

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

  1. the golden unicorn exists:
     
    #31     Oct 3, 2022
    MrAgi1 likes this.
  2. click-baiters, manipulators, fraudsters...
     
    #32     Oct 3, 2022
    Gazillionaire and MrAgi1 like this.
  3. did you watch the whole entire video before you judge? you can either do it manually yourself or you can use a website call oddjams.

    the only downsize is you pay for the service (no free lunch) or you can get banned from those sport betting websites.
     
    #33     Oct 3, 2022
    MrAgi1 likes this.
  4. What do you mean?
    Nope, I of course didn't watch such an obvious trash idea, nor visited that link.
    I still can think by myself, and also rationally... :)
     
    #34     Oct 3, 2022
    murray t turtle likes this.
  5. do you personally do any sports betting? if not...just keep on moving...
     
    #35     Oct 3, 2022
  6. No. You can literally make your win rate (number of trades won / number of trades lost) whatever you want using math. I realize how counterintuitive this thinking is to beginners. But this fact does not do anything to turn the strategy into a profitable one.
     
    #36     Oct 3, 2022
    MrAgi1 likes this.
  7. Are you trying to tell (sell :)) me that in a 50:50 game like coin flipping, you can beat the odds?
    Just prove it :)
     
    #37     Oct 3, 2022
  8. If the odds are a market rate and there are multiple markets, then yes, you can "beat the odds". You bet in each market where the participants have skewed the odds incorrectly based on the sizes and sides of their bets. You just look for pricing errors. This is also the winning strategy you apply to stock trading.

    But more correctly stated: You are not "beating the odds" you are beating the people you bet against.
     
    #38     Oct 3, 2022
    MrAgi1 likes this.
  9. It's so simple: the key for becoming the richest person is just knowing whether something will go up or down,
    for example a stock or an index. It's a 50:50 chance, ie. a so simple thing. Still so hard to win consistently, or most of the time... :)
     
    #39     Oct 3, 2022
  10. odds are so good...this guy got banned from sport betting websites. i'm better than him....i haven't gotten ban yet:
     
    #40     Oct 3, 2022