Riddle me this

[burntheory]

I think that is open to interpretation, i'm sure there are people who have systems built on predicting outcomes, and I mean the actual result of the event, on the flip side, my assumption of someone who trades order flow may have an idea of a likely outcome but is ultimately trading what they actually see, this isn't imo "predicting" it's actually happening.

I think I understand a little better now your original comment & i'm sorry if my reply seemed a little "shitty" it wasn't intended that way, I was genuinely trying to understand what you had said... maybe lack of sleep or IQ was my downfall.

No probs or offence taken

Maybe if I'd used the word anticipate in terms of trading market movements, it might have been more meaningful, at least in terms of setting up a trade.

[Jukebox]

I'm totally confused by the statements and responses and will now only be able to understand with the use of a diagram and an anatomically correct doll.

[burntheory]

I'm totally confused by the statements and responses and will now only be able to understand with the use of a diagram and an anatomically correct doll.

In an earlier post Shaun talks about the market being a competition. On of the first rules of competition is confusing the opposition. One down, several tens of thousands to go...this time next year Jukebox, I'll be a millionaire !

[Jukebox]

I'm totally confused by the statements and responses and will now only be able to understand with the use of a diagram and an anatomically correct doll.

In an earlier post Shaun talks about the market being a competition. On of the first rules of competition is confusing the opposition. One down, several tens of thousands to go...this time next year Jukebox, I'll be a millionaire !

Does that mean you worked out where the extra £5 came from that he also mentioned?

[burntheory]

I'm totally confused by the statements and responses and will now only be able to understand with the use of a diagram and an anatomically correct doll.

In an earlier post Shaun talks about the market being a competition. On of the first rules of competition is confusing the opposition. One down, several tens of thousands to go...this time next year Jukebox, I'll be a millionaire !

Does that mean you worked out where the extra £5 came from that he also mentioned?

There is no extra £5 in Shaun's example. If A wins £10 then B has to lose £10. As I said previously, that's a given. But what happens over series of bets?

Here's what happened over the course of the 32,000 race sample. The average profit per market made by the backers was £135,538.79 and average loss was £117,878.73. So far so good for backers. The problem is they only managed to win 43% of the time. Result, a long term average loss per race of £8,900 during that 3.5 year period.