New Posts For Thread: Understanding when you have 'an edge'https://community.betfair.com/general_betting/go/thread/view/94082/24867545/understanding-when-you-have-039an-edge039Do people have different interpretations about what they perceive 'an edge' being?Is it simply information you have which enables you make consistent profits?If anyone has viewed the interesting 'laying correct score' thread theyNo offence taken.....as with football betting I don't really believe that the "edge" really exists........whereas with horse racing I "know" that various edges exist, but even with those edges, some subjectivity exists.....and also lateral thinkhttps://community.betfair.com/general_betting/go/thread/view/94082/24867545/understanding-when-you-have-039an-edge039?post_id=449591225#449591225No offence taken.....as with football betting I don't really believe that the "edge" really exists........whereas with horse racing I "know" that various edges exist, but even with those edges, some subjectivity exists.....and also lateral thinkFri, 28 May 2010 13:07:20 -0500to clarify dfc, wasn't a go at you. you're clearly doing something right.my point is that for anyone in that situation there's a temptation to think "my results show I have an edge; my results are a product of my judgment; therefore myhttps://community.betfair.com/general_betting/go/thread/view/94082/24867545/understanding-when-you-have-039an-edge039?post_id=449585321#449585321to clarify dfc, wasn't a go at you. you're clearly doing something right.my point is that for anyone in that situation there's a temptation to think "my results show I have an edge; my results are a product of my judgment; therefore myFri, 28 May 2010 12:18:41 -0500I don't think anyone on the CS thread has been going long enough to be sure of profits over any given year, or the next year and the next year. It would be interesting to see someone selecting CS lays with a 'stick a pin in' method, thhttps://community.betfair.com/general_betting/go/thread/view/94082/24867545/understanding-when-you-have-039an-edge039?post_id=449585229#449585229I don't think anyone on the CS thread has been going long enough to be sure of profits over any given year, or the next year and the next year. It would be interesting to see someone selecting CS lays with a 'stick a pin in' method, thFri, 28 May 2010 12:18:10 -0500"Interesting" comment.......but after all the appraisal of a match,it is I, AND NOBODY ELSE, that has to make a decision on which CS to LAY.This is NOT a "mathematical" decision....but lateral thinking decision......where subjectivity does come intohttps://community.betfair.com/general_betting/go/thread/view/94082/24867545/understanding-when-you-have-039an-edge039?post_id=449583765#449583765"Interesting" comment.......but after all the appraisal of a match,it is I, AND NOBODY ELSE, that has to make a decision on which CS to LAY.This is NOT a "mathematical" decision....but lateral thinking decision......where subjectivity does come intoFri, 28 May 2010 12:06:31 -0500Absolutley Viva.It's the method not the man! (Although DFC could well feel hard done by, by that statement!)https://community.betfair.com/general_betting/go/thread/view/94082/24867545/understanding-when-you-have-039an-edge039?post_id=449581525#449581525Absolutley Viva.It's the method not the man! (Although DFC could well feel hard done by, by that statement!)Fri, 28 May 2010 11:46:16 -0500what dfc's done to this point has an edge. he doesn't.sorry to go all zen, but it's a key distinction to understand.https://community.betfair.com/general_betting/go/thread/view/94082/24867545/understanding-when-you-have-039an-edge039?post_id=449580989#449580989what dfc's done to this point has an edge. he doesn't.sorry to go all zen, but it's a key distinction to understand.Fri, 28 May 2010 11:41:13 -0500Surely if an individual is making profit over a long period of time then they have an edge/advantage/opportunity which they capitilse on - whatever you want to call it.Be it mathematical / opinions / fast pics / research or combination of some or allhttps://community.betfair.com/general_betting/go/thread/view/94082/24867545/understanding-when-you-have-039an-edge039?post_id=449578665#449578665Surely if an individual is making profit over a long period of time then they have an edge/advantage/opportunity which they capitilse on - whatever you want to call it.Be it mathematical / opinions / fast pics / research or combination of some or allFri, 28 May 2010 11:19:05 -0500thought about this more, and if I was going to sum it up, it's as follows:only what you do can have an edge, not you.https://community.betfair.com/general_betting/go/thread/view/94082/24867545/understanding-when-you-have-039an-edge039?post_id=449558389#449558389thought about this more, and if I was going to sum it up, it's as follows:only what you do can have an edge, not you.Fri, 28 May 2010 08:19:20 -0500As Avocado touched on above - your problem is sample size.The usual criteria for online poker players to establish if they're winning overall or not is a sample size of 100,000 hands. If you're backing a very low edge then you need this kinhttps://community.betfair.com/general_betting/go/thread/view/94082/24867545/understanding-when-you-have-039an-edge039?post_id=449539933#449539933As Avocado touched on above - your problem is sample size.The usual criteria for online poker players to establish if they're winning overall or not is a sample size of 100,000 hands. If you're backing a very low edge then you need this kinFri, 28 May 2010 04:19:27 -0500FLAWED spelling aint costly!!https://community.betfair.com/general_betting/go/thread/view/94082/24867545/understanding-when-you-have-039an-edge039?post_id=449534941#449534941FLAWED spelling aint costly!!Fri, 28 May 2010 02:19:47 -0500