Re:A Gambler Who Cracked the Horse-Racing Code (2018)
by user5994461 on Tuesday September 03, 2019 @03:06PM
(#20869981)
There are fees from the exchanges and the bookers that are higher than 1%. If you only have 1% hedge, you're losing money on the long run.
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Re:A Gambler Who Cracked the Horse-Racing Code (2018)
by hogFeast on Tuesday September 03, 2019 @03:14PM
(#20870058)
Edge is always after fees (and, as said twice in the post, you are not betting on an exchange or with a bookie if you are putting down £100k/game...you will be dealing with a broker, your trading cost won't be as high as 1%).