Should NoelWatson do this?
Discussion
There are millions of strategies that seem to make money, or that make money 99% of the time, but that doesn't make them a good idea. I'd bet heavily that yours has a negative expectation value.
For example, walk into a casino once a week, and bet your house on every number except number 9. Most weeks you'll make. 3% return, which, annualised, is massive.
Of course, once or twice a year you expect to lose your house, but hey, you win more often than you lose, right?
For example, walk into a casino once a week, and bet your house on every number except number 9. Most weeks you'll make. 3% return, which, annualised, is massive.
Of course, once or twice a year you expect to lose your house, but hey, you win more often than you lose, right?
NorthernBoy said:
There are millions of strategies that seem to make money, or that make money 99% of the time, but that doesn't make them a good idea. I'd bet heavily that yours has a negative expectation value.
For example, walk into a casino once a week, and bet your house on every number except number 9. Most weeks you'll make. 3% return, which, annualised, is massive.
Of course, once or twice a year you expect to lose your house, but hey, you win more often than you lose, right?
When you put it like that, that's a genius idea. For example, walk into a casino once a week, and bet your house on every number except number 9. Most weeks you'll make. 3% return, which, annualised, is massive.
Of course, once or twice a year you expect to lose your house, but hey, you win more often than you lose, right?
- scurries off to bet house*
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