Seth Walsh
The man in the mirror is my only threat
- Joined
- Jan 12, 2020
- Posts
- 6,667
- Reputation
- 11,337
And risk management.
It's easier to have a successful sports betting fund than managing any fund dealing with stocks and all other financial instruments.
The casino always wins. The bookies always win.
Is it possible to make money off blackjack in the long run? No.
Is it possible to make money off coin tosses in the long run? No.
Is it possible to make money in the stock market long term? Yes. It's extremely hard and you need to be very high IQ and EQ and have excellent impulse control and control over your fear, greed and patience.
Is it possible to make money off sports betting in the long term? Yes. It's a lot easier to successfully apply quantitative methods there than it is in the stock market.
Winners minus losers equals outcome.
How many losers stay in FOREX and the stock market after getting wrecked?
How many losers keep betting in sports after getting wrecked?
Find inefficiencies, exploit them and profit. Places where odds and speculation is involved where a reasonable majority of players don't think rationally or probabilistically is an opportunity for you.
EDIT: Position sizing is one of the most important factors in your risk management.
It's easier to have a successful sports betting fund than managing any fund dealing with stocks and all other financial instruments.
The casino always wins. The bookies always win.
Is it possible to make money off blackjack in the long run? No.
Is it possible to make money off coin tosses in the long run? No.
Is it possible to make money in the stock market long term? Yes. It's extremely hard and you need to be very high IQ and EQ and have excellent impulse control and control over your fear, greed and patience.
Is it possible to make money off sports betting in the long term? Yes. It's a lot easier to successfully apply quantitative methods there than it is in the stock market.
Winners minus losers equals outcome.
How many losers stay in FOREX and the stock market after getting wrecked?
How many losers keep betting in sports after getting wrecked?
Find inefficiencies, exploit them and profit. Places where odds and speculation is involved where a reasonable majority of players don't think rationally or probabilistically is an opportunity for you.
EDIT: Position sizing is one of the most important factors in your risk management.
