Re: S-fund Challenge!
Originally Posted by
ebbnflow
You're kidding, right? If you're winning 54% of your bets in Vegas, that means you're a winner. For your information, the break even winning percentage in sports betting is 53%.
One of the main purposes of the ebbcharts is to filter out noise. That is why the ebbcharts only deal with evidence-based stats. You won't see stats on head and shoulder, bear flags, or whatnot patterns. Random walk...I refuse to take that path.
"Ladies, you're both pretty..."
Talking winning percentage by itself is like discussing the space-time continuum and leaving out time.
One can win 60% of the time, but lose twice as much cash per trade as they win and still be an overall loser.
Relatedly, one can win only 40% of the time, but win twice as much cash per trade as they lose, and still be an overall winner.
So one can't meaningfully say where a "break-even" point is without knowing more (than just the 'winning' percentage) about the betting strategy.
It gets deeper, but I'll simply mention the well-known phrase:
Correlation is not necessarily evidence of causation.
Anyway,
Why not just pull out the measuring tape and see how they measure up:
How do the returns of the 'timer' system compare to those of the 'chart' system? Are the returns even made available?
[COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]
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