Prudent Risk Management Is The Only True Edge In TRADING

Is Prudent Risk Management the only true edge in trading?

  • Yes

    Votes: 53 29.9%

  • No

    Votes: 124 70.1%
  • Total voters
    177
JSSPMK said:
I don't study football stats, so I don't know who has better chance of winning, etc. What I do know is that both teams will try to score at least 1 goal, just for fun, I've just placed 10 treble accumulator bets on BOTH TEAMS TO SCORE, my overall loss is limited to £10 and average odds are around 7 (decimal). I'll let you know how I got on :)
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OK. 1 accumulator still playing out, but in the black already. Out of 10 accumulators 2 came through providing over 40% return 2 out of 9 played, appropriate odds enabled to beat the bookie. I don't know much about sports statistics, all matches were randomly chosen, the only thing I looked for is similar odds to win, which suggested equal opportunity to score.

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It's ok if you don't wish to acknowledge that PRM is the true edge. It doesn't affect my TLNW. --However, you would be better served to incorporate this most exclusively.
 
I used to track performance of this one tipster, he was very consistent predicting results of a single match, average return was 1.8, so 80% of stake. His Both Teams To Score accumulators had a much lower strike rate, yet average payout was at odds of around 6 (500% return on staked amount, so very consistent 80% vs quite inconsistent 500%. Then one month his win rate nose dived in singles, the rest is self explanatory.

Singles

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Accumulators

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Buy1Sell2 said:
Tons of folks know about and are using your entry style. Very very few can exercise management of that entry.
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I doubt anybody is using my entry style, I have 6 conditions that have to line up and then have over 10 exit conditions.
 
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