At 7x those are the swings. But you'll have $5000 winning days as well. If 5K is a small dent in one's bank roll then no biggie. I'm thinking one has to be willing to lose 30k-50k a season or more if you're trying for 30K in profits on the year.
We all must size appropriate. I will keep an eye on your picks just like I did on your NBA ones. If you can hit 40% on +130 over 500-1000+ picks then indeed there may be a sustainable edge here. I applaud your transparency.
I like Steels picks. Just curious on the 7x part and I enjoy the dialogue.. I always factor in risk of ruin into betting/investing. 5-10 game losing streaks are very common even for Billy Walters and his ilk. Ever seen a roulette wheel show nearly all red or black? It's very common if you walk around the Casino.
Thanks. Hit a grandslam with pirates, tigers, dbacks parlay. Love those +130 dogs!
Yes and yes re alll above. I'm an "investor " not a gambler. I love the streaks and non streaks as money can be made if you keep your wits about you. I'm amazed by how many people bet with emotion and lose heaps of cash. But that's what keeps the industry going for all of us. Thanks. I'm serious bazoooooka re seeing a betting thread using the steeldco tips, I don't have the skills to do that but I would love to see someone do it. Maybe not every day but at least say Saturday/Sunday markets. If you have time etc. I think that would educate many people ( myself included) in how to maximum their returns. I've read many books re gambling/ psychology of gambling etc. it has helped me modify my previous bad habits but as always open to more information. Cheers have fun thanks