Peter Webb, Bet Angel – High profitability vs. High probability
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Sometimes the best quality opportunities come from the least obvious places.
Keep your eye open for betting and trading systems that produce very high win rates. These are easy to create but often don’t end up showing a profit in the long term.
When a loss occurs you may be encouraged to chase your loss or the, typically rather large, loss is explained away. But it doesn’t change the overall long term result of the system.
A particularly dangerous version of this would be to carry a pre-off trade in-play in order to make it profitable.
You may get away with it for ages, but when the loss comes it will be significant.