Re: Good for the NYRA!! (711 Views)
Posted by:
Boscar Obarra (IP Logged)
Date: June 16, 2006 06:01PM
Jerry, I know its tempting to think these guys dont impact your results but I'm skeptical.
If that were true, they could bet UNLIMITED amounts.
Since they can't do that, there must be an impact on the payoffs that self limit the bet size. They stop betting when they start to kill the return below an acceptable level.
I'm not sure what kind of mathematical proof needs to be offered here, but my instinct tells me it's true.
Would love to know exactly what that guy , who is now out of business was actually doing.
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