Tag: average

On average.. The essense of value

Let’s start by proposing something simple. If you back or lay something it’s impossible to be right 100% of the time. I think most people will realise that it’s impossible to win every bet you ever placed. Therefore you have to accept that you will place losing bets. If you place losing bets you need your winning bets to cover your losses, that’s the only way to make money in the long term.

To get your an overall profit you …