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Thank you D! You've pretty much answered for me, 1 note

Posted By: Fezzik
Date: 20 May 02, 9:41 am

In Response To: Oh boy- (D)

The Pro does not think an 18% take-out is such a big factor. I'm not going to waste my time explaining the obvious; it is of course a huge factor.

When the Pro adds up his 2002 performance and winds up losing 5-18% of his invested money, I'll be the first to remind him that he would have won vs. a more beatable game with a 5% take-out.

The fact that the Pro does not see individual matchups at low vig. -120/+100 etc. as likely more attractive bets is a red flag, IMO. It's like a sports bettor laying -110 only when a reputable shop allows first half bets at -102. If someone give me -102 at ANYTHING, I'm going to start handicapping that sport like a madman.

Fezzik principle of sports betting and day trading: "The lower the vigorish the harder it is for a day trader/bettor to lose. Drop the vig enough and almost anyone will be able to win with any training/mentoring. Raise the vig enough and virtually no one will be able to win. Anyone who poo-poos this is in highly technical terms "nuts". Like the day traders on options that bet into those 3/8, 1/2 bid/ask spreads and laugh at you saying, if I buy at 1/2 and sell next week at 2, who cares that the bid/ask was so different?" Right. Yeah.

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Messages In This Thread

Oh boy- -- D -- 19 May 02, 8:57 pm
Thank you D! You've pretty much answered for me, 1 note -- Fezzik -- 20 May 02, 9:41 am
don't agree with some of this -- Dunbar -- 20 May 02, 2:37 pm
Let's look at that ov/un 13 bet. -- Fezzik -- 20 May 02, 8:14 pm

 


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