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What do you guys mean (define) by gambler indicator?
Does it mean chances of it being right is just 50/50 or almost "random?
Or one that has a chance or being right more than 50%, in brokerages or casino,
the edge of the house is very slight above 50%, but because of bigger capital
they win in the long run.
I read somewhere, that casinos , there are drawdowns also, (even with this
slightly better than 50% odds), so in a year the casinos lose to the public
about 50 days a year, while they make the rest 300+ days. So they have already
pre-calculated in those losing days as acceptable "drawdown" So in that slight
edge, they still got good results year. after
year.
Also I think there's a big difference (results) between a gamber and a
professional gambler (one who factored in the risk, knows what he is doing,and
knows that drawdowns is part of the game, who takes calculated risks only,at the
right time, not all
the time). This is where the skill,.discipline,artitiry comes in.
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