no idea who you're replying to though agree with your view

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nastyG

7,287 Posts.

1408

05/05/25

21:28

Post #: 78927493
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Originally posted by What A Gas: ↑

wtf are you raving on about.

Don't lecture me on gambling.

I am totally aware of the simplest of equations. If you can consistently pick value in your bets, you WILL win.

What is value? Picking a bet where the probability of winning is greater than the probability of losing. Simple as that. The trick is - how do you do that?

One truism is that you CAN'T do it on numbers games. You cannot beat random chance mathematicly calculable odds if the 'house' takes a cut of each wager.

Other forms .... well skill can enter the equation, but skill can only be demonstrated by a prolonged period of winning. Therein lies the problem.

The above answers your criticism. But that is not what I was on about.

I was talking about investing in (gambling on) a company and continually whinging about its performance. If you don't think you are getting value (as described above), then get out, if you think you are getting value, then stop whinging and stay in.

I stick with 'stupidity personified'. In this game we have all got to back our own judgement and not that of others and in doing so accept the consequences, be they good or bad.

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no idea who you're replying to though agree with your view

ADO Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.2¢		Change 0.002(20.0%)		Mkt cap ! $32.46M

Open	High	Low	Value	Volume
1.0¢	1.2¢	1.0¢	$79.76K	7.009M

Buyers (Bids)

No.	Vol.	Price($)
9	656955	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	881611	3

View Market Depth

No.	Vol.	Price($)
9	656955	0.011
14	3232043	0.010
12	3019327	0.009
23	10183981	0.008
26	15065782	0.007

Price($)	Vol.	No.
0.012	881611	3
0.013	933750	4
0.014	852333	6
0.015	502300	2
0.016	104500	2

Last trade - 12.39pm 16/06/2025 (20 minute delay)

ADO (ASX) Chart

no idea who you're replying to though agree with your view

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no idea who you're replying to though agree with your view

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