31st December 2007, 03:02 PM
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Member
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Join Date: Feb 2005
Posts: 156
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Quote:
Originally Posted by crash
How do you [accurately] work that out?
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What I mean Crash is that if you bet on an outcome where the return is greater than the actual odds of sucess you must win in the long run...
If there are 10 balls in a barrel the odds of any one being drawn (from the ten) is 1 in ten or 9-1 ($10.00 in the new money) if the odds are $11.00 you will make money on average.. The profit on return is greater than the cost of the losses.. so you'll make money... That's why TAB punters must lose because they are betting into a 120% market.
Why am I trying to explain this to you crash? You probably know more about it than I do...
Anyway I think PharfromOz has his wits about him and has come up with something really positive, even if he dosent realize it's potential as yet, and I agree with an earlier comment, that it wont last, but I believe that if you can capture the essence of what he's doing you can profit from it long term...
My email is ozpunter01@gmail.com... stay tuned...
OzPunter (on hols in Darwin)
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