Being CEO of a multi-billion dollar global betting empire is hard work at the best of times, but October is certainly 'peak season' for the enterprise.
Hi Cassini, I have been following your blog for some years now - the best of its kind! You have actually inspired me to start my own blog, which I did a couple of years ago but just recently moved it to a new location at www.machinebetting.com . I write about my bot betting activities (soccer) on Betfair from mathemathical, technical, data and performance view. If you find it worth being on your bloglist I would realy appriciate it, you are one (of two...) on mine. Keep up the good work! / Tobias
1) Classical intelligence (IQ - the ability to be able to understand odds and probabilities and have a logical thought process)
2) Emotional intelligence (to be able to know their emotions and manage their risk taking)
3) Social intelligence (in poker terms, the ability to read the players around the table, but in trading terms, I see this as an awareness of how others might be reacting (or over-reacting) to information.Anyway, back on topic and a quick perusal of Tobias' blog suggests that it is well worth reading, although of more interest to bot orientated traders than to manual ones given that a lot of the content is very technical.
Tobias is from Sweden, and uses the Swedish Krona, so some of the numbers look huge if you're unaware of this, but he's clearly knowledgeable on his subject. Check it out here and I'll be adding it to my blog roll.
The second nomination was from Peter, aka Nenko Gachev who wrote:
thanks for all the great posts you are giving us here. Since you ask for blog recommendations, I will appreciate if you have a look at my betting blog churchofbetting.com. I have not posted in a few weeks but have put on some material in the last couple of months. You might find the articles for home and away value in certain football leagues interesting. Also in the
Recommended section there are other blogs that I like, most of which you are certainly aware of, but perhaps there too you might find something new.
In your latest post you neglected to mention that 'buy and hold' outperforms day-trading by some distance. An index tracking fund would net someone a good return but no where near as exciting as throwing your money away on day-trading. Obviously, you were too excited about the prospect of today's game against the thugs to mention the fallacy of day-trading in your post.Did I really need to mention this again? Readers should be well aware of my thoughts on this topic - from September 2014 my financial investment advice was this:
Start as early as you can, invest 10% or more of everything you earn in stock index funds, and forget about it. You won’t go far wrong.And back in 2011, I wrote that:
What I actually wrote was that day-trading from your living room trying to beat insiders just isn't viable, and the evidence supports that statement.I'm confident this blog is full of even earlier references to the folly of believing that day-trading or active investing can beat investing in index tracking funds over the long term. It may not be exciting as James says, but you can go to Las Vegas for excitement, and pay for that thrill with a little spending money.
Slightly off topic here, seems to be happening a lot today, but I have a vague recollection of reading an article pointing out how much a daily cup of coffee was costing you from your retirement wealth. The article was along the lines that, (for example you are age 20, retiring at age 60), a £2 a day coffee habit costing you £730 a year today (excluding leap years), would accrue to a sum (assuming the 20 year FTSE average of ~5%), that would amount to over £5,000 in retirement. That's an expensive cup of coffee. Of course it's not that simple, inflation takes a toll and it would be a sad life if you didn't enjoy the occasional luxury, but if you lose £100 on an ill-conceived bet, that's £100 that you could have invested in your future.
Finally, while no one has commented on it, some of you may have noticed that I've recently changed the font on my posts, as I think it is sharper and easier to read. Long-term, I'll see if I can have someone update all previous 2,200 posts to this format, but that's a task that will take a while. I'm also correcting a few typos, missed or misplaced apostrophes, as I find them since my son tells me I have more than a few.