Kreatture's Playbook 2011
kiidvegas, chasing is fatalistic and WILL kill you. In your calculations, you not only made a 16% wager which is absurd, you didn't include juice. I don't have time to get into it (again) but check any one of neilsy's threads and I'm probably in there saying the same thing. Basically, the longer you do it, the more likely you are to bust completely.
As for the live wagering, you only get good lines because Joe Public is still making them for you by betting with their guts. This will evaporate sooner than later, then how will you bet? It's better to base your wagers off of your KSA because that is determined by you, not the bookmakers.
kiidvegas, chasing is fatalistic and WILL kill you. In your calculations, you not only made a 16% wager which is absurd, you didn't include juice. I don't have time to get into it (again) but check any one of neilsy's threads and I'm probably in there saying the same thing. Basically, the longer you do it, the more likely you are to bust completely.
As for the live wagering, you only get good lines because Joe Public is still making them for you by betting with their guts. This will evaporate sooner than later, then how will you bet? It's better to base your wagers off of your KSA because that is determined by you, not the bookmakers.
Yeah sorry C, I didn't take it as an attack, sorry if my post came across like that. I was worried it might after I hit submit.
A lot going on today so my voice (text) may seem a little strained.
Yeah I was looking for a spot in the 4th Set to take Tipasaric, but the odds never really got above +110 so I didn't feel it was worth it. Sharapova I just felt extremely confident in backing her and a +400 really lit my eyes up. Both plays were extremely small ($20).
I also felt it was too early to be hedging on those matches since Verdasco was the 1st game in the Parley and Maria was the 2nd (ongoing with the 3rd). I relinguished the fact if they lost, they lost. I would look for a good spot in the 4th match in that scenario.
The Evolution rages on.. we need a secret handshake or code or something.. ![]()
Yeah sorry C, I didn't take it as an attack, sorry if my post came across like that. I was worried it might after I hit submit.
A lot going on today so my voice (text) may seem a little strained.
Yeah I was looking for a spot in the 4th Set to take Tipasaric, but the odds never really got above +110 so I didn't feel it was worth it. Sharapova I just felt extremely confident in backing her and a +400 really lit my eyes up. Both plays were extremely small ($20).
I also felt it was too early to be hedging on those matches since Verdasco was the 1st game in the Parley and Maria was the 2nd (ongoing with the 3rd). I relinguished the fact if they lost, they lost. I would look for a good spot in the 4th match in that scenario.
The Evolution rages on.. we need a secret handshake or code or something.. ![]()
After looking at 4 different websites, IMO, Sports Interaction and Bet365 (Bowmans) have the best live betting. My reason's are based on the way the live betting is set up and the amount of games you can bet on. Intertops is okay, but there is a lack of options in regards to choice of games each day. Pinnacle has many choices, however, their constant changing of odds makes it difficult to get a live bet in at times. If you intend to make live betting one of your main types of sports investing, I recommend Sports Interaction or Bet365.
After looking at 4 different websites, IMO, Sports Interaction and Bet365 (Bowmans) have the best live betting. My reason's are based on the way the live betting is set up and the amount of games you can bet on. Intertops is okay, but there is a lack of options in regards to choice of games each day. Pinnacle has many choices, however, their constant changing of odds makes it difficult to get a live bet in at times. If you intend to make live betting one of your main types of sports investing, I recommend Sports Interaction or Bet365.
After looking at 4 different websites, IMO, Sports Interaction and Bet365 (Bowmans) have the best live betting. My reason's are based on the way the live betting is set up and the amount of games you can bet on. Intertops is okay, but there is a lack of options in regards to choice of games each day. Pinnacle has many choices, however, their constant changing of odds makes it difficult to get a live bet in at times. If you intend to make live betting one of your main types of sports investing, I recommend Sports Interaction or Bet365.
I agree. Those two books have a great set-up and always have tons of options. The downside though is if you do make a killing at live betting, they're likely to limit you or toss you out. But, I suppose that's something you worry about when the time comes.
After looking at 4 different websites, IMO, Sports Interaction and Bet365 (Bowmans) have the best live betting. My reason's are based on the way the live betting is set up and the amount of games you can bet on. Intertops is okay, but there is a lack of options in regards to choice of games each day. Pinnacle has many choices, however, their constant changing of odds makes it difficult to get a live bet in at times. If you intend to make live betting one of your main types of sports investing, I recommend Sports Interaction or Bet365.
I agree. Those two books have a great set-up and always have tons of options. The downside though is if you do make a killing at live betting, they're likely to limit you or toss you out. But, I suppose that's something you worry about when the time comes.
BANKROLL: $9,683.03
OVERALL RECORD: 112-116-8 (49.12%)
INVESTED: $60,877.50
RETURNED: $60,560.53
PROFIT: -$316.97
ROI %: -0.52%
AUSTRALIAN OPEN - 2nd Round
Parley (+148)
Mikhail Youzhny (-714) (men's)
Vera Zvonareva (-1000) (women's)
Marin Cilic (-250) (men's)
Nadia Petrova (-455) (women's)
Samantha Stosur (-625) (women's)
1.5% $145.25 to win $214.97
Benjamin Becker To Win (+150)
2% $193.66 to win $290.49
Jelena Jankovic To Win (-154)
2.5% $242.08 to win $154.19
Alize Cornet To Win (+175)
1% $96.83 to win $169.45
NCAAB
Oklahoma State -4.5 (-108)
3% $290.49 to win $268.97
Nothing really stands out on the ice or the Pro hardwood tonight. Scoured the college board and found a few almost, but in the end I'm only pulling the trigger on the game I like the best. Oklahoma should be able to cover this spread with key free throws in the final 2 minutes.
There will be no more additions tonight and I won't be around til later.
Cheers ![]()
BANKROLL: $9,683.03
OVERALL RECORD: 112-116-8 (49.12%)
INVESTED: $60,877.50
RETURNED: $60,560.53
PROFIT: -$316.97
ROI %: -0.52%
AUSTRALIAN OPEN - 2nd Round
Parley (+148)
Mikhail Youzhny (-714) (men's)
Vera Zvonareva (-1000) (women's)
Marin Cilic (-250) (men's)
Nadia Petrova (-455) (women's)
Samantha Stosur (-625) (women's)
1.5% $145.25 to win $214.97
Benjamin Becker To Win (+150)
2% $193.66 to win $290.49
Jelena Jankovic To Win (-154)
2.5% $242.08 to win $154.19
Alize Cornet To Win (+175)
1% $96.83 to win $169.45
NCAAB
Oklahoma State -4.5 (-108)
3% $290.49 to win $268.97
Nothing really stands out on the ice or the Pro hardwood tonight. Scoured the college board and found a few almost, but in the end I'm only pulling the trigger on the game I like the best. Oklahoma should be able to cover this spread with key free throws in the final 2 minutes.
There will be no more additions tonight and I won't be around til later.
Cheers ![]()
Jankovic got rocked.. not a big surprise, but at the same time she is a former #1 and capable of winning 6-0, 6-0 in these early rounds, just as easily she can lose 6-2, 6-3. I thought it was good value against Peng where I thought she should be about -350. She laid a brick tho.
Looks like Cornet is getting killed too? Again, such huge potential.. and such under performance.
Have no idea how the parley is doing, altho I see Youzhny up 2-1, the rest must be delayed due to early matches.. I think OKS won in OT? I guess that's nice.. my run of College Hoops continues.. it looks like a small loss on the night tho, at best..
*Yawn* .. so tired. On an extreme personal high tho. I am a former Provincial 9-Ball Champion in the AAA Division (the division right below Pro) and gave up playing pool beginning of December. Sold my kick-ass cue and quit playing 100%..
Was my buddy's birthday yesterday and my Dad's birthday last week.. decided to walk into the local pool hall and picked the first cue I found off the rack and proceeded to dominate 12 other players in their Wednesday night tournament, my first action in over a month. It's a pretty talented field on a weekly basis. Felt really good and had a lot of fun.. pissed 10 of them off tho that I did not pick up a cue in 6 weeks and still can run tables right off the start.
Fuck it.. had a loss on the Account here tonight, no worries. Didn't really like that much other than the College game. Other than the NFL, I've been running hot.. no surprise. Like I've said before, I could care less about daily, weekly, or even monthly results.. it's about yearly results and if you can make a living off this yearly. You won't see anyone grind on a day-to-day basis like me, day-in, day-out.. I'm always around.. and right now I don't even have the 100% time to dedicate to this like I want. Drop back in in May and see how I'm doing.. then come visit in September.. and when December rolls around you'll see this in the 50K range. And that is a modest potential.. And you'll never see me advertise going Tout. I don't need to make money off other people.. I'll make my own money and if others benefit along the way.. then I'll figure out some way to add that to my RRSP contribution for the year.
Book It.
Jankovic got rocked.. not a big surprise, but at the same time she is a former #1 and capable of winning 6-0, 6-0 in these early rounds, just as easily she can lose 6-2, 6-3. I thought it was good value against Peng where I thought she should be about -350. She laid a brick tho.
Looks like Cornet is getting killed too? Again, such huge potential.. and such under performance.
Have no idea how the parley is doing, altho I see Youzhny up 2-1, the rest must be delayed due to early matches.. I think OKS won in OT? I guess that's nice.. my run of College Hoops continues.. it looks like a small loss on the night tho, at best..
*Yawn* .. so tired. On an extreme personal high tho. I am a former Provincial 9-Ball Champion in the AAA Division (the division right below Pro) and gave up playing pool beginning of December. Sold my kick-ass cue and quit playing 100%..
Was my buddy's birthday yesterday and my Dad's birthday last week.. decided to walk into the local pool hall and picked the first cue I found off the rack and proceeded to dominate 12 other players in their Wednesday night tournament, my first action in over a month. It's a pretty talented field on a weekly basis. Felt really good and had a lot of fun.. pissed 10 of them off tho that I did not pick up a cue in 6 weeks and still can run tables right off the start.
Fuck it.. had a loss on the Account here tonight, no worries. Didn't really like that much other than the College game. Other than the NFL, I've been running hot.. no surprise. Like I've said before, I could care less about daily, weekly, or even monthly results.. it's about yearly results and if you can make a living off this yearly. You won't see anyone grind on a day-to-day basis like me, day-in, day-out.. I'm always around.. and right now I don't even have the 100% time to dedicate to this like I want. Drop back in in May and see how I'm doing.. then come visit in September.. and when December rolls around you'll see this in the 50K range. And that is a modest potential.. And you'll never see me advertise going Tout. I don't need to make money off other people.. I'll make my own money and if others benefit along the way.. then I'll figure out some way to add that to my RRSP contribution for the year.
Book It.
Like I've said before, I could care less about daily, weekly, or even monthly results.. it's about yearly results and if you can make a living off this yearly. You won't see anyone grind on a day-to-day basis like me, day-in, day-out.. I'm always around.. and right now I don't even have the 100% time to dedicate to this like I want. Drop back in in May and see how I'm doing.. then come visit in September.. and when December rolls around you'll see this in the 50K range. And that is a modest potential.. And you'll never see me advertise going Tout. I don't need to make money off other people.. I'll make my own money and if others benefit along the way.. then I'll figure out some way to add that to my RRSP contribution for the year.
Book It.
Is that a jab at me bro!? Going tout only has a negative perception because of the current tout industry and the typical marketing bullshit. The Evolution is going to change that and it's only fair that people pay for it... It'll even be better for the customer as they will be able to get plays sent out to them via email or text, and we as cappers will be more accountable.
I don't even know if I'd go tout in the traditional sense for sure; maybe I'd set up a managed sports fund where people invest so that they don't even need to worry about receiving and making the plays. Maybe I'd charge a little, maybe I'd charge a lot. There are only a few people who can make steady profits in this industry but there are many more who can't, or just don't have the time. Why let those people reap the same rewards that we do without any of the work?
I'm not saying I'm going to go tout for sure but it is a goal of mine once I can obtain more consistent results, which may be in a year, 5 years, or never. But I'll tell you right now that if I did get to that consistency standard, and suddenly decided to stop posting my plays, someone would request to pay for the plays anyways. So it would be a thing of demand and supply. "Going tout" has such a negative aura surrounding it but it doesn't have to. I'm going to try and change it with an Evolution: no more slimy tactics, no more marketing bullshit, and most of all, no more losing! If people aren't willing to pay for that then so be it, but judging by the amount of people who already buy into the old system, I'm assuming they'll buy into the Evolution as well.
Like I've said before, I could care less about daily, weekly, or even monthly results.. it's about yearly results and if you can make a living off this yearly. You won't see anyone grind on a day-to-day basis like me, day-in, day-out.. I'm always around.. and right now I don't even have the 100% time to dedicate to this like I want. Drop back in in May and see how I'm doing.. then come visit in September.. and when December rolls around you'll see this in the 50K range. And that is a modest potential.. And you'll never see me advertise going Tout. I don't need to make money off other people.. I'll make my own money and if others benefit along the way.. then I'll figure out some way to add that to my RRSP contribution for the year.
Book It.
Is that a jab at me bro!? Going tout only has a negative perception because of the current tout industry and the typical marketing bullshit. The Evolution is going to change that and it's only fair that people pay for it... It'll even be better for the customer as they will be able to get plays sent out to them via email or text, and we as cappers will be more accountable.
I don't even know if I'd go tout in the traditional sense for sure; maybe I'd set up a managed sports fund where people invest so that they don't even need to worry about receiving and making the plays. Maybe I'd charge a little, maybe I'd charge a lot. There are only a few people who can make steady profits in this industry but there are many more who can't, or just don't have the time. Why let those people reap the same rewards that we do without any of the work?
I'm not saying I'm going to go tout for sure but it is a goal of mine once I can obtain more consistent results, which may be in a year, 5 years, or never. But I'll tell you right now that if I did get to that consistency standard, and suddenly decided to stop posting my plays, someone would request to pay for the plays anyways. So it would be a thing of demand and supply. "Going tout" has such a negative aura surrounding it but it doesn't have to. I'm going to try and change it with an Evolution: no more slimy tactics, no more marketing bullshit, and most of all, no more losing! If people aren't willing to pay for that then so be it, but judging by the amount of people who already buy into the old system, I'm assuming they'll buy into the Evolution as well.
No Zvonareva live betting tonite? She's down right now and I didnt pull the trigger at -137 and wished I had.
The Sports Interaction window is open.. but there is no need to pull the trigger here. It will never go to plus money and there's no need to hedge since she will undoubtedly win 2 sets to 1. It's currently -250 for that to happen. They're smart.
No Zvonareva live betting tonite? She's down right now and I didnt pull the trigger at -137 and wished I had.
The Sports Interaction window is open.. but there is no need to pull the trigger here. It will never go to plus money and there's no need to hedge since she will undoubtedly win 2 sets to 1. It's currently -250 for that to happen. They're smart.
Looks like Cilic was an easy winner, as was Petrova. Youzhny won in 4 sets so just Zvonareva and Stosur remain on the parley. Stosur goes in a few hours and was seriously my Top Pick on the whole day. Zvonareva looks to be back in control now up a break in the 2nd at 5-2. So often you'll see a Top Seed drop an early set and then come back to win the next 2 or 3, especially on the Women's side.
So right now it's looks to be about even for the day. The Parley will either produce a small loss, or win for the day. I'll find that out when I wake up..
Good night
Looks like Cilic was an easy winner, as was Petrova. Youzhny won in 4 sets so just Zvonareva and Stosur remain on the parley. Stosur goes in a few hours and was seriously my Top Pick on the whole day. Zvonareva looks to be back in control now up a break in the 2nd at 5-2. So often you'll see a Top Seed drop an early set and then come back to win the next 2 or 3, especially on the Women's side.
So right now it's looks to be about even for the day. The Parley will either produce a small loss, or win for the day. I'll find that out when I wake up..
Good night
I'm sorry, I didn't realize you had her in that parlay. I ended up taking her at -125. I got Nalbandian to complete my parlay of the day.
Good nite, I'm gonna have to start tailing your puck and cbb full time though
At least why its running hot.
I'm sorry, I didn't realize you had her in that parlay. I ended up taking her at -125. I got Nalbandian to complete my parlay of the day.
Good nite, I'm gonna have to start tailing your puck and cbb full time though
At least why its running hot.
I don't even know if I'd go tout in the traditional sense for sure; maybe I'd set up a managed sports fund where people invest so that they don't even need to worry about receiving and making the plays. Maybe I'd charge a little, maybe I'd charge a lot. There are only a few people who can make steady profits in this industry but there are many more who can't, or just don't have the time. Why let those people reap the same rewards that we do without any of the work?
I'm not saying I'm going to go tout for sure but it is a goal of mine once I can obtain more consistent results, which may be in a year, 5 years, or never. But I'll tell you right now that if I did get to that consistency standard, and suddenly decided to stop posting my plays, someone would request to pay for the plays anyways. So it would be a thing of demand and supply. "Going tout" has such a negative aura surrounding it but it doesn't have to. I'm going to try and change it with an Evolution: no more slimy tactics, no more marketing bullshit, and most of all, no more losing! If people aren't willing to pay for that then so be it, but judging by the amount of people who already buy into the old system, I'm assuming they'll buy into the Evolution as well.
Hey C, I'm on my last legs for being awake right now.. gotta get some sleep. I'll send ya a PM tomorrow about this. Wasn't a jab at you, was a jab at the "Industry". We'll discuss the highlighted points in private.
Cheers Bro
I don't even know if I'd go tout in the traditional sense for sure; maybe I'd set up a managed sports fund where people invest so that they don't even need to worry about receiving and making the plays. Maybe I'd charge a little, maybe I'd charge a lot. There are only a few people who can make steady profits in this industry but there are many more who can't, or just don't have the time. Why let those people reap the same rewards that we do without any of the work?
I'm not saying I'm going to go tout for sure but it is a goal of mine once I can obtain more consistent results, which may be in a year, 5 years, or never. But I'll tell you right now that if I did get to that consistency standard, and suddenly decided to stop posting my plays, someone would request to pay for the plays anyways. So it would be a thing of demand and supply. "Going tout" has such a negative aura surrounding it but it doesn't have to. I'm going to try and change it with an Evolution: no more slimy tactics, no more marketing bullshit, and most of all, no more losing! If people aren't willing to pay for that then so be it, but judging by the amount of people who already buy into the old system, I'm assuming they'll buy into the Evolution as well.
Hey C, I'm on my last legs for being awake right now.. gotta get some sleep. I'll send ya a PM tomorrow about this. Wasn't a jab at you, was a jab at the "Industry". We'll discuss the highlighted points in private.
Cheers Bro
I'm going to do the smart thing and guarantee a profit for the day..
AUSTRALIAN OPEN
Vera Dushevina To Win (+405) (Sports Interaction)
$36 to win $145.80
And now.. I'm going to sleep.
I'm going to do the smart thing and guarantee a profit for the day..
AUSTRALIAN OPEN
Vera Dushevina To Win (+405) (Sports Interaction)
$36 to win $145.80
And now.. I'm going to sleep.
Mark Cuban was attempting to start a hedge fund based on gambling/sports betting 6 years ago. It was given up on since NBA bylaws prohibit those in the league from being involved in gambling. He rightly concluded that gambling is gambling whether its on wall street or in vegas and there is more information available on sports than there is on stocks which would make it much easier to wager on games. Interestingly enough a company name Centaur ran with the idea and launched the first Sport Fund - centaurgalileo.com. This fund is open to all investors except for US investors, it should be available to US investors during this year if all legislative hurdles are cleared up.
Mark Cuban was attempting to start a hedge fund based on gambling/sports betting 6 years ago. It was given up on since NBA bylaws prohibit those in the league from being involved in gambling. He rightly concluded that gambling is gambling whether its on wall street or in vegas and there is more information available on sports than there is on stocks which would make it much easier to wager on games. Interestingly enough a company name Centaur ran with the idea and launched the first Sport Fund - centaurgalileo.com. This fund is open to all investors except for US investors, it should be available to US investors during this year if all legislative hurdles are cleared up.
BANKROLL: $9,683.03
OVERALL RECORD: 112-116-8 (49.12%)
INVESTED: $60,877.50
RETURNED: $60,560.53
PROFIT: -$316.97
ROI %: -0.52%
AUSTRALIAN OPEN - 2nd Round
Parley (+148) ![]()
Mikhail Youzhny (-714) (men's)
Vera Zvonareva (-1000) (women's)
Marin Cilic (-250) (men's)
Nadia Petrova (-455) (women's)
Samantha Stosur (-625) (women's)
1.5% $145.25 to win $214.97
Benjamin Becker To Win (+150) ![]()
2% $193.66 to win $290.49
Jelena Jankovic To Win (-154) ![]()
2.5% $242.08 to win $154.19
Alize Cornet To Win (+175) ![]()
1% $96.83 to win $169.45
Vera Dushevina To Win (+405) (to hedge final game on parley & guarantee a plus night) ![]()
$36 to win $145.80
NCAAB
Oklahoma State -4.5 (-108) ![]()
3% $290.49 to win $268.97
BANKROLL: $9,683.03
OVERALL RECORD: 112-116-8 (49.12%)
INVESTED: $60,877.50
RETURNED: $60,560.53
PROFIT: -$316.97
ROI %: -0.52%
AUSTRALIAN OPEN - 2nd Round
Parley (+148) ![]()
Mikhail Youzhny (-714) (men's)
Vera Zvonareva (-1000) (women's)
Marin Cilic (-250) (men's)
Nadia Petrova (-455) (women's)
Samantha Stosur (-625) (women's)
1.5% $145.25 to win $214.97
Benjamin Becker To Win (+150) ![]()
2% $193.66 to win $290.49
Jelena Jankovic To Win (-154) ![]()
2.5% $242.08 to win $154.19
Alize Cornet To Win (+175) ![]()
1% $96.83 to win $169.45
Vera Dushevina To Win (+405) (to hedge final game on parley & guarantee a plus night) ![]()
$36 to win $145.80
NCAAB
Oklahoma State -4.5 (-108) ![]()
3% $290.49 to win $268.97
BANKROLL: $9,864.68
OVERALL RECORD: 115-119-8 (49.15%)
INVESTED: $61,881.81
RETURNED: $61,746.49
PROFIT: -$135.32
ROI %: -0.22%
A small gain of +$181.65 last night. Been a busy couple of days but I'll be home all this evening and tomorrow evening so we'll see if we can get a couple of good nights going. It's been a good week so far. I don't expect to have any picks posted for tonight until much later.
Enjoy your day ![]()
BANKROLL: $9,864.68
OVERALL RECORD: 115-119-8 (49.15%)
INVESTED: $61,881.81
RETURNED: $61,746.49
PROFIT: -$135.32
ROI %: -0.22%
A small gain of +$181.65 last night. Been a busy couple of days but I'll be home all this evening and tomorrow evening so we'll see if we can get a couple of good nights going. It's been a good week so far. I don't expect to have any picks posted for tonight until much later.
Enjoy your day ![]()
Wasn't attacking you or anything because you have mentioned that football is your weakness; my point was just that a hedge fund means you HEDGE, not overexpose. So when you already have a parlay with Verdasco/Sharapova and they go down early, you shouldn't add more (even if you "know" they're going to come back). If they went up, then you should hedge the underdog. That would be a hedge fund. GL on the tennis.
Hedge funds do not generally 'hedge' their bets. Their returns are much more volatile then the market as a whole as they generally use leverage and concentrate their bets.
Historically, hedge funds were unique in their ability to short the market-- profit when the market goes down. This is where the term hedge fund originates but it is now antiquated.
"Diversification is for those that don't know what they are doing." -- Warren Buffet
Wasn't attacking you or anything because you have mentioned that football is your weakness; my point was just that a hedge fund means you HEDGE, not overexpose. So when you already have a parlay with Verdasco/Sharapova and they go down early, you shouldn't add more (even if you "know" they're going to come back). If they went up, then you should hedge the underdog. That would be a hedge fund. GL on the tennis.
Hedge funds do not generally 'hedge' their bets. Their returns are much more volatile then the market as a whole as they generally use leverage and concentrate their bets.
Historically, hedge funds were unique in their ability to short the market-- profit when the market goes down. This is where the term hedge fund originates but it is now antiquated.
"Diversification is for those that don't know what they are doing." -- Warren Buffet
There are several strategies taken up by "Hedge Funds" but your true market neutral fund is completely hedged on both the long and short side and look to maximize alpha while reducing their beta. These funds typically are not up as much on a year the major indexes are up, usually trail by a few percentage points but they truly outperform when the major indexes are down by being up. Typically unless the fund is long only or short only, majority of funds are hedged in some way, either through derivatives or synthetic positions.
There are several strategies taken up by "Hedge Funds" but your true market neutral fund is completely hedged on both the long and short side and look to maximize alpha while reducing their beta. These funds typically are not up as much on a year the major indexes are up, usually trail by a few percentage points but they truly outperform when the major indexes are down by being up. Typically unless the fund is long only or short only, majority of funds are hedged in some way, either through derivatives or synthetic positions.
Syke1911,
There are several strategies taken up by "Hedge Funds" but your true market neutral fund is completely hedged on both the long and short side and look to maximize alpha while reducing their beta. These funds typically are not up as much on a year the major indexes are up, usually trail by a few percentage points but they truly outperform when the major indexes are down by being up. Typically unless the fund is long only or short only, majority of funds are hedged in some way, either through derivatives or synthetic positions.
Sure, I don't disagree. However, the original poster implied that hedge funds hedge their bets and are thus less risky.
The majority of hedge funds are more volatile than the market, as I'm sure you would agree.
My only point is that when talking about reducing risk, I suggest one doesn't use the term hedge fund ;)
Syke1911,
There are several strategies taken up by "Hedge Funds" but your true market neutral fund is completely hedged on both the long and short side and look to maximize alpha while reducing their beta. These funds typically are not up as much on a year the major indexes are up, usually trail by a few percentage points but they truly outperform when the major indexes are down by being up. Typically unless the fund is long only or short only, majority of funds are hedged in some way, either through derivatives or synthetic positions.
Sure, I don't disagree. However, the original poster implied that hedge funds hedge their bets and are thus less risky.
The majority of hedge funds are more volatile than the market, as I'm sure you would agree.
My only point is that when talking about reducing risk, I suggest one doesn't use the term hedge fund ;)
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