And conversely I very seldom fade an "expensive" favorite. Those Indy -11's cover more often than not.......
Kenny Rogers and the Black Swan
- Thread starter ACM Trader
- Start date
And conversely I very seldom fade an "expensive" favorite. Those Indy -11's cover more often than not.......
I have to give the most famous example of the cheap favorite theory. First of all, I suspected that many games in that era were fixed or controlled by officiating and in the case of Guy V. by coaching. I was so cynical that in 1982 I predicted before the tournament ever started that North Carolina would be a 2 point favorite and Georgetown would cover but Carolina would probably win. I was not entirely correct. The game was so big that bookies could not take a chance on a push so they had to price the game in half points. As it turned out Carolina was a 1 1/2 favorite but the outcome was the same. The end of the game was as curious as it gets.
Quote from runningman:
Then why was online poker banned in order to "protect us from terrorists" but stock trading is actively encouraged and the gov't even wants to put SS money into the market?
You must be an Outlaw...
Part of "The One Percent" that rejects all forms of authority...
And lives a criminal existence as a parasite on a society that one holds beneath contempt.
Offshore casinos should make you smile...
Because the dirtiest money in the world (use your imagination)...
Flows into these enterprises...
And no tax dollars ever flow back to finance the evil doings of the American authorities
No, but I am a Pittsburgh Pirates fan
I'm rather enjoying the Yankees meltdown, being that I'm from the Detroit burbs.
The beautiful moment in sports happens once in a while, whereby it is demonstrated that not by bloated payrolls alone are champions made.
The beautiful moment in sports happens once in a while, whereby it is demonstrated that not by bloated payrolls alone are champions made.
<p>I have been a Yankee fan most of my life, but I am not in pain. Champions in sports and trading are competitive and hungry no matter how much money they have made. Michael Jordan made a ton of money, yet he was just as hungry after he made the money as he was before. Rodriguez, Giambi, Sheffield, Pavano, Farnsworth, Mussina, Johnson, and Wright make a 125 million a year collectively which is more than the entire payroll for all but a couple of other major league teams. Yet, I sense the only urgency among that group is to make sure they deposit the checks as soon as possible.Quote from ByLoSellHi:
I'm rather enjoying the Yankees meltdown, being that I'm from the Detroit burbs.
The beautiful moment in sports happens once in a while, whereby it is demonstrated that not by bloated payrolls alone are champions made.
Quote from Pa(b)st Prime:
Ironic post. As my "Top's Is In" thread illustrates, even after 23 years of full time trading, my market procrastinations leave much to be desired. Yet I'm a consistent winner in sports betting (primarily the NFL) although I also caught the Heat at 6-1 to win the NBA Eastern Conf.
I agree with your point. I'm a VERY contrarian handicapper. I'd never heard the term "wise guy bet" until a couple of weeks ago. But after I hit a few 'dogs my neighbor said 'those wise guy bets are going to catch up with you"...
Unfortunately, I'm also a contrarian, anti-trend, "wise guy" trader. Doesn't work so well in these 4 year bull swings.......
I am also a contrarian, buying mainly stocks which are on the decline. So it is a contrarian strategy as far as specific stocks are concerned, but still going with the the long-term trend, which has been up since many years. I think what eludes a lot of traders is that when they fall, stocks fall hard and fast. But , on average, stocks go up more than they go down, even if the pace is slower. So, in a way, shorting seems to be a quicker way of getting rich, but, overtime, it has not been a good long term strategy. (By long-term, I am not reffering to the length of the trade, only the length of the market upside.) At least that is the way I see it and the way I trade my two long only systems. At times, I short some ETFs to hedge my long only strategies,