May 31, 2015 -- 2:20PM, Kelly wrote:
dj876 , you should know better than querying me .
May 31, 2015 -- 5:43PM, Kelly wrote:
As with some of your other posts dj876 , I find myself scratching my head as to what you mean . the last sentence in your 23.23 post is "Always take the quick , unsustainable profit even if it closes your business " . Another fantasy / invention of yours re my posts ? What does your post mean ?Profit is alwaysdesirable , unless overheads outweigh it . And being greedy often results in disaster , Celtic Tiger stuff . I have never been greedy .
Self explanatory - Arbitrage utilising fixed odds books is unsustainable over a time period. Take profit = closed.
Trading on one platform ie an exchange involves the risk of predicting the movement of the price.
Profit taking at each positive oscillation will result in negative cumulative long term results.
Such a repetitive and basic discussion point that I do not wish to repeat again.
Jun 1, 2015 -- 12:09PM, Kelly wrote:
Fantasy again dj876 . Nowhere would I have said you should always take a profit shortsighted ( whatever that means) because simultaneous arbitrage is always shut down . I wouldn't even know what that was about , it sounds like stock market speak . What I have said is that I invariably trade out when I see it is sensible , but it is on my own decision regarding odds . So with the referred to Dublin decision . Purely on basis that there is many a slip between cup and lip , and I am happy with some profit as against major winnings ( major winnings do not apply to a 1/5 shot before there is any comeback on that ) .I back about 4 horses a year , have stated that many times . The fewer bets you have the more likely you are to win , people who bet in every race are the punters the bookies want , they want addictive gamblers in their shops despite the public stance . Numbers games should not be allowed in bookies shops . Put them in casinos or the like , and make them dress up to attend , we see that daily in the movies where people always win big . I wonder who sponsor the movies .People world wide like to gamble in various scenarios . But they also need protection , and should not be ripped off odds wise as they are in certain countries . Our bookies make up their own rules , their own odds , they rely on addictive behaviour to make profit . I dont mind if they give the punter a fighting chance , increasingly though they keep shutting doors and increasing the restrictions beloved of the bean counters . Thank goodness for the exchanges , at least punters can see exactly whats on offer and for how much . The bookies must hate the exchanges .
There you go kelly 4 horse bets a year you said, like i said hard to keep track of all the waffle