Naked Chart Based Trading PRM style "LESS IS MORE"

Discussion in 'Journals' started by JSSPMK, Dec 5, 2016.

  1. JSSPMK

    JSSPMK

    Another realistic example, doubles like this one, average odds are around 3/1, so starting with £20 you need to win three doubles in a row, not always possible, yet is possible to achieve if you research stats. Compounding gains makes it really awesome. 1. 20x4=£80 2. 80x4=£320 3. 320x4=£1,280=6,300% return.

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    #111     Jan 3, 2017
  2. algofy

    algofy

    Will odds makers give 1.5 to 1 on a very likely outcome....assume that means reward is 150% of bet?
     
    #112     Jan 3, 2017
  3. JSSPMK

    JSSPMK

    Oh yes, most definitely, very often indeed. Net return on 1.5 is 50%.
     
    #113     Jan 3, 2017
  4. algofy

    algofy

    So how long have you been betting on sports and are you net positive over the long run?
     
    #114     Jan 3, 2017
  5. JSSPMK

    JSSPMK

    What about compounding blackjack? Reset after 3 consecutive winners? 700% return.

    Try it :)
     
    #115     Jan 3, 2017
  6. algofy

    algofy

    Do you believe betting this way will equate to a players edge over the house long term in blackjack ?
     
    #116     Jan 3, 2017
  7. JSSPMK

    JSSPMK

    I make a steady side income from both sports and financial betting.
     
    #117     Jan 3, 2017
  8. JSSPMK

    JSSPMK

    Give it a go & let me know ;) play using common strategy.
     
    #118     Jan 3, 2017
  9. algofy

    algofy

    I'd have to backtest it, might be interesting figuring out how to code this.
     
    #119     Jan 3, 2017
    systematictrader and JSSPMK like this.
  10. JSSPMK

    JSSPMK

    I'd recommend playing online with a human dealer, true random that way.
     
    #120     Jan 3, 2017
    algofy likes this.