Casino strategy
The aim of these notes is to explain a strategy similar to that adopted by gambling casinos.
Referring to the roulette wheel, the casino doesn't mind paying out $35 whenever a player wins because, on average, it collects 36 times $1 for every one payout.
How would you feel if you won fifteen times $1 for every one payout of $9? Giving 9:1 odds when the true odds are 15:1 against? You would feel like a casino.
That is the nature of risk-free speculation.
A solid understanding of the basics is essential before you can implement the strategy. Do not skip the next few notes, even if you have traded options before.
Referring to the roulette wheel, the casino doesn't mind paying out $35 whenever a player wins because, on average, it collects 36 times $1 for every one payout.
How would you feel if you won fifteen times $1 for every one payout of $9? Giving 9:1 odds when the true odds are 15:1 against? You would feel like a casino.
That is the nature of risk-free speculation.
A solid understanding of the basics is essential before you can implement the strategy. Do not skip the next few notes, even if you have traded options before.
posted by Helmut | 3:07 pm
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home