Mar

20

the best advice about markets comes from the New York Post sports section. In a bet-smart piece, the action network staff states, "bettors need to fight the urge." they give four tips on fighting the urge that are more helpful than anything in the financial markets.

True, these four guidelines are all in the Secrets of Professinal Turf Betting, by Robert Bacon, but they're timeless and easy to understand when put in the midst of sports betting.

(1) "We encourage bettors to embrace a flat betting style. Bet the same amount on every game." as Bacon puts it: "beware of the switches. the public bets 1 nickel on a 20-to-1 horse that wins then bets 100 on a favorite that loses."

(2) Don't overreact to recent trends, i.e if a tame has won bet against it, if it has lost, bet in favor of it.

(3) beware of gamblers fallacy. that's the belief that if something happens more often than normal in a period of time, it will happen less frequently in the future.

(4) don't bet on every game, betting 10 of 15 games a nite is dangerous One night can decimate you.

Other tips on playing the markets comes from an article about Coach K. He's going for the 1200th win. he's done it by changing his style with each team. most significant, he learned much from coaching the Olympics and seeing Kobe, Lebron play. he learned from them to embrace the one and done style.

of course there is one other significant thing in the news that is more important even than bacon's timeless advice: The prodigal son's laptop is now fair game. Its suppression in the past ie one of the 25 reasons that the whisperer squeaked a victory in 2020 and for sure the suppression of the prodigal son by big tech and big media including the wsj front page was one of them. just as important as ballot harvesting.

i could go on with 100 reasons that the grandeur of the markets is able to withstand the negativity that was and always is endemic at a bottom. it was only Monday that the marks was at lows. and now 10% higher. perhaps the posts 4 rules and rereading of bacon is in order.

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