tag:blogger.com,1999:blog-4528393111359731672.post6924399551458908615..comments2024-03-24T00:19:53.054+00:00Comments on Green All Over: Emp Strikes BackCassinihttp://www.blogger.com/profile/05879449876804295094noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4528393111359731672.post-51812244571259813672013-12-08T15:45:23.751+00:002013-12-08T15:45:23.751+00:00I wasn't actually sure whether you meant it as...I wasn't actually sure whether you meant it as a dig or not, hence my comment "though I am not sure if that's what you meant".<br /><br />I'm mildly amused that back the huge underdog blindly is actually a "winning strategy". Probably has to do with punter psychology. I read somewhere that backing anything which goes to 1000 in play (excluding in play horse-race markets with front-running) generated pretty decent returns.<br /><br />At any rate, the shape of returns is an interesting topic. I used to be a multi-table tournament player, so I am familiar with how even more pear-shaped distributions feel- losing 300 Buyins over months and then one day winning 1000 buy-ins or more is a standard occurrence there. It's not easy to apply a system which has return distributions like that though, because "switchitis" really hits hard when you do that sort of thing.Empnoreply@blogger.com