Saturday, May 01, 2004

Sometimes the Smartest Men are Beaten: Vol 2

I don't know what it means when you link to yourself, but here it goes.

Sky Miles

It took awhile to follow up on the third lead which was last mentioned for various reasons that are too long to name.

It does work, and o am a Genius. Although a few details need to be hammered out to decide the effectiveness of the scam.

Now on to bigger better ideas.

What if you are able to gamble and make money. The odds makers give out odds, and it seems to me that if you always bet on the heavy favorite then overtime you will make money, if the odds makers are correct.

In fact, this entire premise rest on the fact the odds makers are correct (most of the time). Of course, if they did their job poorly, then they would go out of business. So in picking your odds maker, pick one that has been around awhile. Also if you combined odds from several different trusted sources, you could get a good picture of what everyone thinks. You could use the collective experience of many odds makers to determine what the entire group of odds makers thought, and hopefully come out with a better prediction.

Now class lets dig into the details.

Here is the breakdown of some bets that could be made. Five different one dollar bets are made, with a payout of thirty cents per dollar bet. A well known online sports book has this exact situation for 4 to 13 odds. (which are great oods by the way)

Bet 1.00 1.00 1.00 1.00 1.00
Lose -1.00 1.30 1.30 1.30 1.30
Profits -1.00 -.70 -.40 -.10 .20

Profits are twenty cents on five dollars. A modest 4 percent return. If 4 to 13 odds were 80 percent or more accurate, you could make 4 percent profit every day. If the money is compounded, that is some serious cash in a very short period of time.

You can do some research on this, but I am going to do it. Get rich quick when you are young and can take the risk.

All it should take is one initial investment. If it were to compound daily, through constant work and effort. You could have in the millions of dollars.


No comments: