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Simon Galloway
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« Reply #630 on: September 26, 2011, 07:31:28 PM » |
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Im not a trader on markets but what are peoples views of hedging or trading out of bets?? +EV or should you LET IT RIDE?
Most people get this very wrong. They are too quick to green up small profits and let the horror situations ride, when it should if anything be the other way round. With regard to trading out in particular, if it is to crystalise a meaningful amount of money that would kill you if it turned ugly, then it's fine to get out, but perhaps take it a bit easier on unit stakes next time.. If it is just a run of the mill trade, then ignore your current position and evaluate the quote. If the price to close out looks particularly unnatractive, either let it run or even think about going in again for more. IOW - what would I do with this quote if I didn't already have a position? |
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redarmi
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« Reply #631 on: September 26, 2011, 07:47:55 PM » |
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Im not a trader on markets but what are peoples views of hedging or trading out of bets?? +EV or should you LET IT RIDE?
Most people get this very wrong. They are too quick to green up small profits and let the horror situations ride, when it should if anything be the other way round. With regard to trading out in particular, if it is to crystalise a meaningful amount of money that would kill you if it turned ugly, then it's fine to get out, but perhaps take it a bit easier on unit stakes next time.. If it is just a run of the mill trade, then ignore your current position and evaluate the quote. If the price to close out looks particularly unnatractive, either let it run or even think about going in again for more. IOW - what would I do with this quote if I didn't already have a position? Pretty much what Simon said but I would add that what is most important is whether the price you are trading out at represents value either in a vacuum or as part of the overall trade. You would never give margin away on the first part fo the trade so there is very little excuse for doing ti when closing. Possible exception is when you have opened a position with the intention of trading it because you expect the price to move (ala Blatch) but then yu don't neccesarily need value when opening the trade just the expectation that others will perceive value and, tbh, most punters are pretty hopeless at this (again ala Blatch)!! |
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Eso Kral
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« Reply #632 on: September 27, 2011, 01:57:46 PM » |
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100k CHALLENGE
Next bet is up in Betting Tips and Sporting Discussion, tonight my £66.06 is on Man Utd and Real Madrid both teams to win which will get me nearly to 3 figures.
Quite a few people are doing this for differing amounts and it will be interesting to see what happens if someone gets to 8-10 bets in as thats when your likely to be at a grand if you started at £40....
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Andrew Charles Blacklock - Lived for those he loved and those he loved remember.
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pleno1
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« Reply #633 on: September 27, 2011, 02:02:23 PM » |
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man u got rooney and hernandez out mind.
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Worst playcalling I have ever seen. Bunch of fucking jokers . Run the bloody ball. 18 rushes all game? You have to be kidding me. Fuck off lol
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Eso Kral
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« Reply #634 on: September 27, 2011, 02:04:26 PM » |
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man u got rooney and hernandez out mind.
yeah so they will only be drawing at H/T and 3up at FT  |
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Andrew Charles Blacklock - Lived for those he loved and those he loved remember.
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boldie
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« Reply #635 on: September 27, 2011, 02:12:14 PM » |
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*cough*get off your lazy degen arse and put up more proper diary stuff please*cough*
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Give a man a gun and he can rob a bank, give a man a bank and he can rob the world.
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GreekStein
Hero Member
Hero Member
 Offline
Posts: 20728
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« Reply #636 on: September 27, 2011, 02:28:54 PM » |
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*cough*get off your lazy degen arse and put up more proper diary stuff please*cough*
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@GreekStein on twitter.
Retired Policeman, Part time troll.
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Eso Kral
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« Reply #637 on: September 27, 2011, 02:33:03 PM » |
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*cough*get off your lazy degen arse and put up more proper diary stuff please*cough*
What would you like??? |
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Andrew Charles Blacklock - Lived for those he loved and those he loved remember.
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pokerfan
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« Reply #638 on: September 27, 2011, 02:36:27 PM » |
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*cough*get off your lazy degen arse and put up more proper diary stuff please*cough*
What would you like??? Boats n Hoes ldo. |
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Eso Kral
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« Reply #639 on: September 27, 2011, 02:44:52 PM » |
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A bit better than poker fans effort!! Nice to see "The Ho" in with a number 1 at the end of August... |
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Andrew Charles Blacklock - Lived for those he loved and those he loved remember.
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Eso Kral
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« Reply #640 on: September 27, 2011, 09:54:22 PM » |
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100k CHALLENGE SIGH, Man Utd cant hold at home when 2 up at  . 2nd bullet will be fired soon. Been given a horse tomorrow that is expected to win so will post on here once the prices are out and I am on!! |
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Andrew Charles Blacklock - Lived for those he loved and those he loved remember.
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Simon Galloway
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« Reply #641 on: September 27, 2011, 11:17:02 PM » |
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millidonk
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« Reply #642 on: September 28, 2011, 10:12:57 AM » |
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100k CHALLENGE SIGH, Man Utd cant hold at home when 2 up at . 2nd bullet will be fired soon. Been given a horse tomorrow that is expected to win so will post on here once the prices are out and I am on!!  |
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Hairydude
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« Reply #643 on: September 28, 2011, 10:16:39 AM » |
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Ha is this when Barts workin in a brothel/strippers? |
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Families is where our nation finds hope, where wings take dream
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StuartHopkin
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« Reply #644 on: September 28, 2011, 10:33:01 AM » |
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Are we sticking the spin up money on this horse?
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