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Old 21st May 2004, 11:41 AM
moeee moeee is offline
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Join Date: Jan 1970
Location: Melbourne
Posts: 5,359
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[quote]
I'd like to point something out. Most of the time you think you have a large advantage (i.e. over 15%) you probally don't. It's usually smaller or not an edge at all (maybe you missed something the bookies didn't).

Mr.J Do you know what I am doing when I make a bet?
I am saying to the bookie,"Iknow more than you about this event,and here's my money to prove it".
If I'm inaccurate to the degree of more than 15% then I would be better off playing tiddlywinks with my children.
This 15% is my buffer.If I'm 10% wrong I still profit over time.
My idea is maybe the bookie missed something that I didn't.


"If you invest your hard earned you need to treat it as an investment,not a guess.
No room in gambling for hoping."

Not sure if you're talking about yourself here or making a general statement???

Free advice is all.
Cheers - Mo.

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