There is a punting system in horse racing were you bet enough money on the favorite to win $200, if you win you take your winnings and go home and prepare for next week. If you lose, you bet enough money on the next favourite to win back your loses plus a $200 profit. Eventually the favourite will win a race, but you need very deep pockets if it takes more than 5 or 6 races. If you look at BBUS it is a similar proposition, doubling down is very painful process waiting for the payday.
I hope you get the favourite over the line as early as possible and make a nice return.
I have been tempted several times, but I want to see a bit of fear in the US market. The ASX traders are definitely nervous, some of the trading action is entertaining to say the least.
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Last
2,958.8 |
Change
17.070(0.58%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 2,958.8 | 0.00 | 0.00 |