wayneL
Trading the Apocalypse
- Joined
- 9 July 2004
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All the same mathematics, expectancy, win, loss, psychology... Even ratio of long term winners to losers, is similar.
A fair few years ago, when due to personal circumstances, I was ahead of the information curve in the racing industry, a large part of my income was on the punt.
When I lost that information advantage, sans my current mathematical savvy, I was smart enough to let go of the punt.
The advantage in those days was knowing people in low places and inside information , while I have not regained that advantage, I have gained a different advantage of the information of the internet age and the education of having been a stock market Trader... specifically a nuanced form of the expectancy equation.
The betting market is faster and has many of the some aspects of day trading such as the ability to trade market fluctuations. In fact there are professional Traders who have migrated from the stock market to the betting market.
Well I maintain, and always will, a presence in the financial markets, and finding a source of trading income to be substantively easier in the betting markets.
Maybe it's because I have some advanced knowledge of horses and exercise physiology but equally I also know several punters making a living with almost zero knowledge of the same... often in diverse sports betting markets.
I thought it would be an interesting topic here on ASF because it is basically trading but in a different arena.
Discuss
A fair few years ago, when due to personal circumstances, I was ahead of the information curve in the racing industry, a large part of my income was on the punt.
When I lost that information advantage, sans my current mathematical savvy, I was smart enough to let go of the punt.
The advantage in those days was knowing people in low places and inside information , while I have not regained that advantage, I have gained a different advantage of the information of the internet age and the education of having been a stock market Trader... specifically a nuanced form of the expectancy equation.
The betting market is faster and has many of the some aspects of day trading such as the ability to trade market fluctuations. In fact there are professional Traders who have migrated from the stock market to the betting market.
Well I maintain, and always will, a presence in the financial markets, and finding a source of trading income to be substantively easier in the betting markets.
Maybe it's because I have some advanced knowledge of horses and exercise physiology but equally I also know several punters making a living with almost zero knowledge of the same... often in diverse sports betting markets.
I thought it would be an interesting topic here on ASF because it is basically trading but in a different arena.
Discuss