View Single Post
Old 16.03.2017, 11:45
Aeneas's Avatar
Aeneas Aeneas is offline
Forum Veteran
Join Date: Jun 2008
Location: Winterthur, ZH
Posts: 1,073
Groaned at 41 Times in 34 Posts
Thanked 1,172 Times in 575 Posts
Aeneas has a reputation beyond reputeAeneas has a reputation beyond reputeAeneas has a reputation beyond reputeAeneas has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

View Post
I don't need to read up in risk and probability and I'm quite aware of the principles of hedging and financial and stasticical modeling, but that's the thing with people who just can't let go of the details such as yourself, they never make it to the high level view.
Can't let go of details? LOL. Like the facts as opposed to how you'd prefer reality to be?

You made a claim that was bollocks and based on a lack of understanding. There's no high level there.
A good arbiter of the expected outcome of events in any scale is to look at what bookmakers are predicting, because their job is to predict outcomes. If you can demonstrate that bookmakers offer better odds against the most likely outcome, please go ahead.
Again, it's not. Their job is to maximize profit and sometimes that means hedging your bets, regardless of the likely outcome.

Seriously, look it up. Actually, here's an article on hedging. It's geared towards their customer, but this is what bookies do also. It's part of their business. This isn't a 'detail', seriously.
Reply With Quote