Financial Betting: Start Of My Investigation
By Lawrence
It is something new introduced to me by a friend.
He’s a medical profession who does not like the concept of trading but he has a thing for gambling. He has been a member of a very famous international gambling site for a long time. The funny thing is that he told me he has been using the 3-day pattern odds table to bet at the gambling site with success for sometime now.
I was speechless when he mentioned what he did. He actually showed me what can be done at the gambling site. It looks very interesting and definitely something I have not think of.
My guess is that he was trying to impress me as he has been doing this for months before showing me the results. From what I saw with his records, the gambling site does not take into account the odds of certain bias happening. Hence an edge to take on the house.
I am going to open an account there myself and start tracking the odds offered. If this idea works, it is something wonderful to do. In many countries, winnings from gamble activities are tax free.
Alan Andrews, using his median line methodology, handily won a published weather predictions contest with the Miami Herald newspaper meteorologist.
I think the meteorologist back then was just bad =)
The latest weather modeling tools can do better than 70% correctness in basic weather projections. I would not bet against them nowadays.
Just an idea for your software business, while you are slacking off. The cheatsheet that gives the probability before the open that certain levels will be hit during the day is interesting, but what about AFTER the open.
Advanced NFL stats does this with football games. http://www.advancednflstats.com/
Perhaps your programmers can do something like this for those who have purchased and run your trading software. After all, odds change throughout the day. Sports bettors might not be able to bet after the kickoff, but traders can bet all day until the close.
Just an idea.
SS, I definitely agree with the value in having updated odds after the open.
From my understanding (LC – correct me if I’m incorrect) this is the “real-time bias” service LC and staff have been working hard on, but are facing technical hurdles in delivering the service to us.
(Reference: https://www.daytradingbias.com/?p=107642)
The real-time bias service is coming. It is designed to provide real-time update as the conditions change. =)
lol, I TOTALLY missed that update. I did not even know the idea of a real-time bias detector was under consideration. Yes, I have been that busy.