To hedge or not to hedge, here is the math and why hedging is a bad idea....
I can't believe I read every word of this back-n-forth....Van's logic is correct.
Devil Fan, I'm guessing you are a helluva day trader and carry that thinking into this format. Its not the same. I am NOT SAYING YOUR SYSTEM CAN'T MAKE YOU MONEY, but you are not optimizing your profits. I'm a grinder too (see image) but I grind with my best chance to OPTIMIZE my profits.
Try what Van is saying for a week or so and see if it works, but for god sake don't tell him.
GL to all this week!
I can't believe I read every word of this back-n-forth....Van's logic is correct.
Devil Fan, I'm guessing you are a helluva day trader and carry that thinking into this format. Its not the same. I am NOT SAYING YOUR SYSTEM CAN'T MAKE YOU MONEY, but you are not optimizing your profits. I'm a grinder too (see image) but I grind with my best chance to OPTIMIZE my profits.
Try what Van is saying for a week or so and see if it works, but for god sake don't tell him.
GL to all this week!
IF YOU LIKE GUARANTEED MONEY THEN GET A JOB!
GAMBLING SHOULD BE FOR PEOPLE THAT LIKE TAKIN RISK, FOR REAL GAMBLERS NOT FOR PEOPLE THAT SHIT IN THEIR PANTS!
DO YOU REALLY THINK YOU CAN WIN $$$ WITH THAT MENTALITY OF YOURS IN THIS BUSINESS!?
YOU ARE A TOAST, SOONER OR LATER MY BUDDY LIKE OTHERS SHARING YOUR TOUGHTS!!!
YOU PEOPLE MAKE ME LAUGH! WANTING MONEY FROM GAMBLING AND NOT WANTING TAKIN A RISK!
YOU PEOPLE MAKE ME SICK!
AND YOU THINK ITS STRANGE WHEN YOU LOSE MONEY, HEY YOU DESERVE IT FOR PLAYING WITH BIL-LICK TACTICS!![]()
IF YOU LIKE GUARANTEED MONEY THEN GET A JOB!
GAMBLING SHOULD BE FOR PEOPLE THAT LIKE TAKIN RISK, FOR REAL GAMBLERS NOT FOR PEOPLE THAT SHIT IN THEIR PANTS!
DO YOU REALLY THINK YOU CAN WIN $$$ WITH THAT MENTALITY OF YOURS IN THIS BUSINESS!?
YOU ARE A TOAST, SOONER OR LATER MY BUDDY LIKE OTHERS SHARING YOUR TOUGHTS!!!
YOU PEOPLE MAKE ME LAUGH! WANTING MONEY FROM GAMBLING AND NOT WANTING TAKIN A RISK!
YOU PEOPLE MAKE ME SICK!
AND YOU THINK ITS STRANGE WHEN YOU LOSE MONEY, HEY YOU DESERVE IT FOR PLAYING WITH BIL-LICK TACTICS!![]()
TSW--The comment by me that prompted that response was in response to Van saying to roll it ALL into the 4th game.... please read all comments in context.....if you roll it all and lose, you win nothing....
DF- I know, just felt it was an important point to make, and one that someome might not consider. We need someone to do a summary on all this once it is done.
TSW--The comment by me that prompted that response was in response to Van saying to roll it ALL into the 4th game.... please read all comments in context.....if you roll it all and lose, you win nothing....
DF- I know, just felt it was an important point to make, and one that someome might not consider. We need someone to do a summary on all this once it is done.
if you buy IBM at 80 and it runs to 85 in a day or so...earnings after the bell. if they are good it could open at 95. if they are bad, it could open at 75
at 3:50 do you sell and take your profits or do you hold through earnings with the hope of hitting a home run...
that is how i look at it. each game is different, each pitcher, quarterback, small forward is different...i cant imagine that the expected value of a play is constant since circumstances change with every game...beyond fundamentals
DevilFan - i was born on LI...maybe its in the water
if you buy IBM at 80 and it runs to 85 in a day or so...earnings after the bell. if they are good it could open at 95. if they are bad, it could open at 75
at 3:50 do you sell and take your profits or do you hold through earnings with the hope of hitting a home run...
that is how i look at it. each game is different, each pitcher, quarterback, small forward is different...i cant imagine that the expected value of a play is constant since circumstances change with every game...beyond fundamentals
DevilFan - i was born on LI...maybe its in the water
It's all relative.
An attorney............hmmm - beginning to wonder.
It's all relative.
An attorney............hmmm - beginning to wonder.
A good thread to throw into archives...
Well, knowing I spent have the day in this thread, I need to finish up some work before I go home.
Van-- it is what it is at this point but no matter what you say, I am taking the guaranteed money, assuming it is a nice chunk of change... I can't believe the time I spent debating this today. I rarely ever play parlays
.
A good thread to throw into archives...
Well, knowing I spent have the day in this thread, I need to finish up some work before I go home.
Van-- it is what it is at this point but no matter what you say, I am taking the guaranteed money, assuming it is a nice chunk of change... I can't believe the time I spent debating this today. I rarely ever play parlays
.
I KNOW TRUTH HURTS, ITS NOT MY FAULT YOU DONT HAVE BALLS FOR THIS GAME!
YOU ARE NOT ALONE, IF THAT COMFORTS YA.
I JUST CANT STAND LOSERS LIKE YA!
INTELLIGENT PEOPLE GET MY POINT!
I REST MY CASE!![]()
I KNOW TRUTH HURTS, ITS NOT MY FAULT YOU DONT HAVE BALLS FOR THIS GAME!
YOU ARE NOT ALONE, IF THAT COMFORTS YA.
I JUST CANT STAND LOSERS LIKE YA!
INTELLIGENT PEOPLE GET MY POINT!
I REST MY CASE!![]()
It's all relative.
An attorney............hmmm - beginning to wonder.
Good thing neither the LSAT nor the Bar Exam have any math questions....
It's all relative.
An attorney............hmmm - beginning to wonder.
Good thing neither the LSAT nor the Bar Exam have any math questions....
It boils down to the creation of one's parlay. You've analyzed all the games and find 3 to your liking.
i.e. 3 teamer ....all starting at 1pm------acceptable
3 teamer.....2 starting at 1pm and the other at 4:15pm------acceptable as long as you don't hedge.
If you have this "guaranteed" mentality then you can only play
a 2 teamer with the 1pm games.
It boils down to the creation of one's parlay. You've analyzed all the games and find 3 to your liking.
i.e. 3 teamer ....all starting at 1pm------acceptable
3 teamer.....2 starting at 1pm and the other at 4:15pm------acceptable as long as you don't hedge.
If you have this "guaranteed" mentality then you can only play
a 2 teamer with the 1pm games.
Yes but if I told you that every day you had a choice. Flip a coin with me, and if you win I give you 4 dollars, if you lose I give you nothing and you give me nothing. OR, I could just give you a dollar to not flip.
I am trying to explain that guaranteeing yourself that dollar by not flipping is a bad idea. If you flip, today you might get nothing, but tomorrow you will get 4 dollars, and at the end of many days you will have twice the amount of money that you would have had if you took the guaranteed dollar every day.
![]()
the point i think you are failing to understand here is that suppose in your hypothetical question you proposed instead of talking about $1 were talking about $1,000 dollars. if someone said i'll give you 4,000 if you win or 1,000 for not flipping the coin and trying i would take the GUARANTEED 1000 EVERYTIME. i understand your point about not making the last bet in the parlay to begin with and the money you are losing on the expected value is real and true, i believe that losing some vig and expected value to gain a GUARANTEED PROFIT IS SMART FOR ME SINCE I AM TRYING TO GRIND OUT A LIVING. now if i were gambling and did not need the money i bet or could win then i would certainly let it ride everytime. to each his own as they say and i think both ways can be smart or dumb depending upon YOUR PERCEPTION AND REALITY.
Yes but if I told you that every day you had a choice. Flip a coin with me, and if you win I give you 4 dollars, if you lose I give you nothing and you give me nothing. OR, I could just give you a dollar to not flip.
I am trying to explain that guaranteeing yourself that dollar by not flipping is a bad idea. If you flip, today you might get nothing, but tomorrow you will get 4 dollars, and at the end of many days you will have twice the amount of money that you would have had if you took the guaranteed dollar every day.
![]()
the point i think you are failing to understand here is that suppose in your hypothetical question you proposed instead of talking about $1 were talking about $1,000 dollars. if someone said i'll give you 4,000 if you win or 1,000 for not flipping the coin and trying i would take the GUARANTEED 1000 EVERYTIME. i understand your point about not making the last bet in the parlay to begin with and the money you are losing on the expected value is real and true, i believe that losing some vig and expected value to gain a GUARANTEED PROFIT IS SMART FOR ME SINCE I AM TRYING TO GRIND OUT A LIVING. now if i were gambling and did not need the money i bet or could win then i would certainly let it ride everytime. to each his own as they say and i think both ways can be smart or dumb depending upon YOUR PERCEPTION AND REALITY.
YOU ARE A FOOL MY BUDDY!
YOU ARE IN A WRONG BUSINESS!
HEDGE SOMEWHERE ELSE!![]()
YOU ARE A FOOL MY BUDDY!
YOU ARE IN A WRONG BUSINESS!
HEDGE SOMEWHERE ELSE!![]()
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