Professional gamblers have developed a very impressive way of thinking and it’s proven that they possess a specific kind of intelligence other people don’t.
Check out this fascinating TED talk on risk intelligence by Dylan Evans, PhD in Philosophy.
Tag: Investing
The Single Biggest Mistake Punters Make
The majority of this article will deal with the financial investment world, but the principles are equally relevant to sports betting.
It is perhaps the greatest paradox in the investment world that many consistently profitable money managers have a large percentage of losing clients. I recently saw the records of a very successful US Hedge Fund, that showed over 40% of their lifetime client base had actually lost money while investing with the fund! This fund had a relatively consistent record of double digit annual gains over decades! This rather odd story is by no means isolated, it is repeated within many successful funds.
So, what causes this phenomena?