Sports Betting

then there was the bookie who had mirror accounts at every commodity firm in Indiana, I don't know if he worked any other states.

A lot of trades each month, but if you didn't bet with him, he closed his account and moved on.
 
I do both and I am constantly surprised at the similarities. The primary aspect that should remain constant is the money management. Bet size, drawdowns, risk, equity curves are all the same.

There's a solid money management piece that I have used as a reference from time to time from Alpha Sports.

http://www.scribd.com/doc/96346046/Alpha-Sports-Money-Management-Report

Honestly though, the only difference is that one cannot hold a position in sports betting, you get closed out at the end of each day.

Manage risk
Manage risk
Manage risk.
 
Quote from wallnbroad:

I do both and I am constantly surprised at the similarities. The primary aspect that should remain constant is the money management. Bet size, drawdowns, risk, equity curves are all the same.

There's a solid money management piece that I have used as a reference from time to time from Alpha Sports.

http://www.scribd.com/doc/96346046/Alpha-Sports-Money-Management-Report

Honestly though, the only difference is that one cannot hold a position in sports betting, you get closed out at the end of each day.

Manage risk
Manage risk
Manage risk.
More...
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This!

peace

hedvig
 
I have been fairly consistany throughout the years. But, the NBA and NCAA hoops are the only things I am consistant in. Probably because there is a lot less randomness compared to other sports. If you can make a decent return in the NFL year over year then that is impressive.
 
Quote from Rehoboth:

I have been fairly consistany throughout the years. But, the NBA and NCAA hoops are the only things I am consistant in. Probably because there is a lot less randomness compared to other sports. If you can make a decent return in the NFL year over year then that is impressive.
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You have to be a 24/7 expert to beat hoops...
You must have played or coached the game at a high level...
You must have quality inside information...
Any sort of quantitative or technical approach is useless...
It will have you betting against the wise guys every day.
 
Quote from DeeDeeTwo:

You have to be a 24/7 expert to beat hoops...
You must have played or coached the game at a high level...
You must have quality inside information...
Any sort of quantitative or technical approach is useless...
It will have you betting against the wise guys every day.
More...


"Dont believe everything you read on the internet"

- Abraham Lincoln
 
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