https://community.betfair.com/general_betting/go/thread/view/94082/28747055/how-do-u-measure-ur-edgei have been betting for a while on some markets for fun, been getting good results. want to take this game seriously(not being fulltimer though). i want to quantify my edge. ho can i do that?is it important to include the variance in the edge? how bihttps://community.betfair.com/general_betting/go/thread/view/94082/28747055/how-do-u-measure-ur-edge?post_id=513598287#513598287Fri, 09 Dec 2011 05:18:16 -0600https://community.betfair.com/general_betting/go/thread/view/94082/28747055/how-do-u-measure-ur-edge?post_id=513598179#513598179Fri, 09 Dec 2011 05:13:04 -0600https://community.betfair.com/general_betting/go/thread/view/94082/28747055/how-do-u-measure-ur-edge?post_id=513598163#513598163Jimmy has the edge here imoFri, 09 Dec 2011 05:12:01 -0600https://community.betfair.com/general_betting/go/thread/view/94082/28747055/how-do-u-measure-ur-edge?post_id=513597883#513597883OK I bet Frankel and he wins by 6 lengths and I stop betting forever.You trade markets and win less than I do, but have never lost in a month.You continue trading, but I beat you in profit from one bet.Who has the edge?Fri, 09 Dec 2011 04:57:34 -0600https://community.betfair.com/general_betting/go/thread/view/94082/28747055/how-do-u-measure-ur-edge?post_id=513597787#513597787DivideByZeroError never said anything about another month did he?Fri, 09 Dec 2011 04:51:44 -0600https://community.betfair.com/general_betting/go/thread/view/94082/28747055/how-do-u-measure-ur-edge?post_id=513597761#513597761Trevh,Jabmast : Backing 100 (and the results coming up like a 20 shot)or Laying 1.01 (and the results coming up like a 1.05 shot) will roughly equate to a similar edge of around 4.2% Did you mean 400% edge? Backing 20.0 shots at 100.0 is a fine art :Fri, 09 Dec 2011 04:50:39 -0600https://community.betfair.com/general_betting/go/thread/view/94082/28747055/how-do-u-measure-ur-edge?post_id=513597717#513597717"Here's what's really going to fry your noodle"What are the odds of Punter A beating Punter B next month?Answer this, and you are "the one", NeoFri, 09 Dec 2011 04:48:28 -0600https://community.betfair.com/general_betting/go/thread/view/94082/28747055/how-do-u-measure-ur-edge?post_id=513597657#513597657He beat punter B because he got lucky.Punter B has an edge.Let's say I spin roulette and fluke a number after 34 spins.Because I won doesn't mean I have an edge, the house has the edge, and I got lucky.Even if I never play again, I got lucky, the houFri, 09 Dec 2011 04:45:45 -0600https://community.betfair.com/general_betting/go/thread/view/94082/28747055/how-do-u-measure-ur-edge?post_id=513597587#513597587That may be the case but over that particular month Punter A had the undoubted edge over Punter B.Fri, 09 Dec 2011 04:41:47 -0600https://community.betfair.com/general_betting/go/thread/view/94082/28747055/how-do-u-measure-ur-edge?post_id=513597557#513597557Jimmy, punter A got lucky against the odds of probability.He will lose his tenner profit in the long run.Fri, 09 Dec 2011 04:40:04 -0600