Reply to: Double or quits?

[sasguru]

I wondered what sasguru meant when he said he'd been dusting off the old GCSE maths books.

I'll send them to you when I'm finished with dusting them. You can have another go at passing the exam.

[DimPrawn]

ftfy

I wondered what sasguru meant when he said he'd been dusting off the old GCSE maths books.

[shaunbhoy]

Feck me, I've got housework to do. Stop it

ftfy

[sasguru]

Mathematically speaking, this is complete and utter bollocks. .

Feck me, I've got work to do. Stop it

[doodab]

Obviously your experience of casinos are based on movies.
No serious gambler would bet on red/black because the odds are against you due to the zero factor.

It is more prudent to bet on Voisins du zéro or Le tiers du cylindre because of wheel bias and the zero factor alternatively; betting on two dozerns at a time is near risk free if limited to a couple of spins with large bets.

Mathematically speaking, this is complete and utter bollocks. The house has the same edge against you on any bet whether it has a fancy French name or not.

Red black or even odd can actually be more prudent in some places where the house lets you keep half your bet when zero comes in.

[Paddy]

It's not mathematics.

It's a load of bollox for gamblers who are too unlucky to win and too stupid to stop, so they keep looking for some sure win strategies.

Might as well go to casino and put X on red or black, in case of loss just TRIPPLE your stake and soon you'll make guaranteed profit.

Obviously your experience of casinos are based on movies.
No serious gambler would bet on red/black because the odds are against you due to the zero factor.

It is more prudent to bet on Voisins du zéro or Le tiers du cylindre because of wheel bias and the zero factor alternatively; betting on two dozerns at a time is near risk free if limited to a couple of spins with large bets.

[sasguru]

CUK is a valuable market research tool.

If AtW says it is "dirty spekulation" and sasguru says you don't understand it, you are on to a winner.

Good. Like I said, you're still poor.

[DimPrawn]

CUK is a valuable market research tool.

If AtW says it is "dirty spekulation" and sasguru says you don't understand it, you are on to a winner.

[sasguru]

I'm actually quite comforted by the reaction here that volatility harvesting, portfolio rebalancing, Shannon's Demon and the work of Kelly (Kelly criterion - Wikipedia, the free encyclopedia) are somehow "hocus pocus" and are not used by hedge funds and big finance house to reduce risk and increase rewards.

It means the retail investor is still years behind the successful market money makers.

Good. Come back and tell us when you're rich, rather than spouting crap about stuff you barely understand.

HTH, BIKIW.

[DimPrawn]

I'm actually quite comforted by the reaction here that volatility harvesting, portfolio rebalancing, Shannon's Demon and the work of Kelly (Kelly criterion - Wikipedia, the free encyclopedia) are somehow "hocus pocus" and are not used by hedge funds and big finance house to reduce risk and increase rewards.

It means the retail investor is still years behind the successful market money makers.

[DimPrawn]

GestaltU - The Research Portal for Darwin Investment Strategies: Volatility Harvesting and the Importance Of Rebalancing

[DimPrawn]

This is all be-hol-lux
(as they say in Belgium, Holland, and Luxembourg)

If there was any mathematical bias in the markets such as suggested by these links, then hedge funds would have already been using them, and the efficient market hypothesis would have removed them.

Next!

efficient market hypothesis:

Two finance professors walking down the street. One spots a $100 bill lying on the pavement and points this out to his colleague, who says, "That cannot be a $100 bill or someone would have already picked it up." And so they continue walking.

[DimPrawn]

Feck me I haven't even started work and this comedy thread has got me laffing

It is meant as a light hearted point of discussion/ridicule.

[sasguru]

Feck me I haven't even started work and this comedy thread has got me laffing

[KentPhilip]

This is all be-hol-lux
(as they say in Belgium, Holland, and Luxembourg)

If there was any mathematical bias in the markets such as suggested by these links, then hedge funds would have already been using them, and the efficient market hypothesis would have removed them.

Next!