Read on Twitter
I’ll be dropping excerpts. Follow the thread. https://twitter.com/kingskip01/status/1334862113165205505
It’s human nature to assume and believe all positive results in betting are caused by predictive skill, and the negative results are simply bad luck (That’s why you see so many attribute Cut-1 to bad luck).
While it is quite common to run with this narrative, it can be perilous to invest money based on this principle.
The Success Equation by Michael J. Mauboussin helps bettors understand that it’s not as simple as being good and bad at betting.
The Success Equation by Michael J. Mauboussin helps bettors understand that it’s not as simple as being good and bad at betting.
We all need to be prepared to experience good and bad luck, no matter how skilled or unskilled we are.
In short, if you want to be a successful bettor, you need to be skilled at betting and also benefit from some good luck.
Good luck must’ve been Sociedad winning last night
In short, if you want to be a successful bettor, you need to be skilled at betting and also benefit from some good luck.
Good luck must’ve been Sociedad winning last night
Things like distinguishing causation and correlation, understanding uncertainty, and measuring the place of luck are covered in great detail in the first book
First Book: The Success Equation by Michael J. Mauboussin
First Book: The Success Equation by Michael J. Mauboussin
The second book is Antifragile by Nassim Nicholas Taleb, a Distinguished Professor of Risk Engineering at NYU Tandon School of Engineering
One of the key takeaways on Antifragile is the Green Lumbar Fallacy.
Crazy but absolutely true!
One of the key takeaways on Antifragile is the Green Lumbar Fallacy.
Crazy but absolutely true!
What is this fallacy that is so often spoken and how does it play out in Skip’s life?
So, as bettors we tend to overvalue our knowledge of a particular sport over the knowledge of how to bet on that sport is often defines many sport betting careers.
So, as bettors we tend to overvalue our knowledge of a particular sport over the knowledge of how to bet on that sport is often defines many sport betting careers.
So because you watch football, and live football, you’re supposed to know what to bet on? 
Guy! Your ticket will cut, else people like @K1Says, @sportingshina, @PoojaMedia would have become billionaires.
Your knowledge of a sport ≠ knowledge of knowing how to bet on it
Guy! Your ticket will cut, else people like @K1Says, @sportingshina, @PoojaMedia would have become billionaires.
Your knowledge of a sport ≠ knowledge of knowing how to bet on it
Then there’s Squares & Sharps, Suckers & Sharks by Joseph Buchdahl. Omo! if you don’t have mind don’t read this book!
Buchdahl is gangster, he’s knowing the gaming space as the ‘grim-reaper of betting’. Guy was dropping straight facts.
Anyways I’ll stop here so you read too.
Buchdahl is gangster, he’s knowing the gaming space as the ‘grim-reaper of betting’. Guy was dropping straight facts.
Anyways I’ll stop here so you read too.
