The game in E.E.U.U. is a $ 91 billion industry, and that's just the legal side, it is estimated that between $ 80-100 one billion wagered illegally on sports last year.
Who is making all that money? Certainly not the bettor. No, only half of bettors can win in a
the time and the best of the best sports handicappers are correct only 55% of the time.
No, the people who rake in is books casinos and online sports. Why? Because no matter who wins it.
They take their subdivide the center. Each bet placed are paid.
They are in a position to win every time because they have the odds in your favor.
The odds always favor the house. That is why they are THE HOUSE.
The house wins big. No need. Just steady wins. The bookie is happy to take a 10% cap reliable every time.
Like a Bookie of the bag I'm selling to buyers of option, which are usually players looking to hit big. I say usually because there are sound reasons to buy options and institutional investors make it all the time just for the insurance it provides. Anyone work for us however, as all we want is our 10% off center.
With nearly 80% of all options expire worthless know we have the odds overwhelmingly on our side and we will use it as a hammer to beat our fortunes out of the market.
Then if my calculations are correct expire those options worthless and keep the full reward. If for some reason something happens and the options are on the money in the end that I am liable to pay the buyer the difference between the strike price and the closing price. But do not worry, because we know that it happens less than 20% of time and that before we implement any adjustments or thought to what options are selling.
That is the time collect 80% of the full upper and less than 20% of time trying to be responsible and absorb some loss.
Please do not let anyone sell you anything you never lose a trade demand. That's just stupid. Bookies lose the daily wagers and casinos lose hands of blackjack all the time.
You need not worry of loss with this strategy because a) you know are coming and b) you know you are going to win at least 4 out of 5 times.
Now here's a hard truth to try (and a lesson I had to learn the hard way): selecting the correct options to sell takes practice and you need to know what to do when a trade goes against you, ie you need to know when the odds are turning.
The bookmakers do this all the time - if too many people bet on the side of a game, leaving them exposed to potentially huge loss, adjust the betting line or odds to make more attractive the other side - he just wants is to be in the center.
That's all we want - we'll be always attentive to where the odds are and whether we need so we will adjust the odds remain on our side.
Obviously the selection of the correct action to start with one huge difference. Just like a bookie needs to fix the exact line or get burned, we need to choose the right action and the combined option to ensure the odds remain on our side.
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