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Are most people who gamble winners?
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Am I wront about this way of thinking?
A few years ago it worked okay but other than in some specific markets now (or unless you've identified patterns with a computer - naked eye not good enough) then things have advanced too far for it to be of much use. There's no reason the money should be smarter than you are, and if it is, then you're too late anyway. |
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Yes you are wrong. The favourite will always have a disproportionate % of money matched in relation to it's price.Most people just back favourites.
Prices in football come in a lot for no good reason, reacting to team news that has been available (or predictable) all day, so factored into the price before the money comes. Those sort of gambles come from masses of recreational punters who find out 30 minutes before kick off that Rooney is not playing when the market makers knew this all along. The worst thing though in following money is that if you wait for the money to move the price significantly you then take a worse price than most other backers. |
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plus most of the ping pong money will be traded on the shortest price option leading to a much increased amount matched on that particular selection
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