As Advantage Players, we place bets on issues with Positive Dynamic Value (+DV); where the market has overpriced the odds of continued loss; where +DV probability rests on the condition that a Value Betting Edge has been identified; where consensus estimation errors indicate betting odds are considerably worse than they actually are.
Just like at the track, when betting stocks by buying shares, you are betting against everyone else. But that’s where the similarity with horse betting ends. The payouts…
When betting, we look for an intersection between value and good odds. Value, you will recall from Part I, is determined by identifying a clear discrepancy between benchmark…