Quote:
|
Originally Posted by Barny
What timeframe was it over ? - 10+ years
If more then a year then how many weeks or months were in profit ? - Don't know
Can you provide the sum of 1/odds for validation? - sorry I cannot
Also what was the highest priced winner ? - less than $30 as per the rules
|
Well based on your answers this doesn't seem like a good system at all. Its not really been tested properly. It might have the abiility to be a good system but based on your answers no one can tell.
The entire profit could be provided by 1 winner only. (16% of 198 is approx 30)
You have no idea if it had a good time early on and is dwindling away and making a loss recently.(profit over months/years breakdown)
You don't know if it was due to luck or an edge. (needs 1/odds)
There is so much more to system development then finding systems which show a profit on turnover. You need to
a) make sure its consistent
b) make sure it hasn't lost its edge in recent times
c) make sure it wasn't due to luck
d) make sure the profit wasn't all due to 1 or 2 winners.
These 4 things are key to determining if a system will continue to make a profit.