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2 – Translating Betting Principals to Trading.

All lessons in Chapter three have focused on teaching you winning principals for betting, regardless of the game you are playing.

In video 1, we took you to the craps table and showed you how 3 different players with 3 different betting styles fared across a series of bets.

Price Plunger, whose strategy entailed pressing all bets, and betting 10% of his chip stack per bet, was the first to bust out.  Next, it was Risky business' turn, who utilized proper money management techniques, but was betting low odd propositions in order to get the 2-1 payoff - he lasted a hundred bets before he was done.

Finally, we had Mr_Dent who understands the coin flip proposition of the next bet.  By betting with the odds, and employing regression betting techniques, he was still standing after 500 rolls, at a shade below even.  Given that the house owns the odds on every bet in craps, and we were not charting the table to catch a streak, this showcased to  you a very powerful and important lesson.

Even if you are randomly betting, throwing darts at a board, if you utilize proper risk management and place betting techniques you can at least fight the house to a draw. 

Please think about this, and let it sink in.

However.  In the Futures game, unlike casino craps, WE are the ones capable of placing the high probability bets.  Combined with proper betting techniques, this will lead to not only a money making system, but a very profitable one at that.

In video two, we are going to show you how to apply these winning betting principals to the futures pits.

 

Next Lesson:
1 – Introduction

Chapter 3 - A Game of Chance


Lessons in Current Chapter

Lesson One – A Riddle, Wrapped in a Mystery, Inside an Enigma.
Lesson Two – An Unexpected Discovery.
Lesson Three – Measuring Risk
Lesson Four – The Gambler’s Fallacy
Lesson Five – Your Life Blood
Lesson Seven – Place Betting
Lesson 8 – A Silver Lining at a Losing Table

Videos in Current Chapter

1 – Learning How to Bet – Welcome to the Craps Table
2 – Translating Betting Principals to Trading.

All Lessons
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