注册并分享邀请链接,可获得视频播放与邀请奖励。

LuxWire
@LuxWire
Bitcoin treasury news, and how to get paid from it. Lux Wire for breaking news and the trade behind it. Subscribers get options education.
加入 January 2021
329 正在关注    14.8K 粉丝
Benter didn't beat the track by guessing winners. He priced every horse better than the crowd and only bet when the odds paid more than the risk. Options work the same way. Set the max loss before entering, trade the probabilities, and let the edge play out over hundreds of trades instead of one.
显示更多
In 1986 a guy got kicked out of every casino in Vegas for counting cards. So he flew to Hong Kong with $180,000 and started betting on horses instead. He walked away with almost $900 million. It was Bill Benter. He realized horse racing was just another counting problem same math, more moving parts. He and a partner built a computer model that estimated the true odds of each horse. If his numbers showed an edge, he bet. If not, he skipped it. That’s the whole trick: Expected value. EV = p · b − (1 − p) Only bet when the probability of winning × the potential payout is greater than the chance of losing. What’s even crazier is that Benter once gave a 45-minute lecture explaining the math behind his system. That recording was never supposed to become public. And almost nobody knows it exists. This is the lecture that professional bettors and hedge fund analysts studied. The answer is in this video.
显示更多