Tim Melvin- Money Morning - Only the News You Can Profit From.
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Stocks 0 Tuesday, August 14, 2018My "Split Stake" Approach Did Nearly 69x Better Than the Market
I've been known, on occasion, to place a small bet or two if I can find a baseball game that offers a decent risk-reward setup.
Now, I know gambling is frowned upon in some quarters, but even folks who are down on it would be hard-pressed to turn down the "bet" I'm offering today.
Let's look at this past weekend's matchup between the hated Boston Red Sox and my much-beloved Baltimore Orioles. We'll pretend it hasn't happened yet.
Boston is a powerhouse, leading all of MLB in runs scored, with the second-lowest staff earned run average (ERA) in the game. It is nine games ahead of the New York Yankees for the American League East title.
Baltimore, it grieves me to say, scores less than four runs a game. The staff ERA is one of the worst in all of Major League Baseball. As of this writing, Baltimore sits a dismal 49.5 games out of first place.
At first glance, this looks easy: Bet the Red Sox.
The problem is, in order to win $1, you will have probably have to bet more than $2 on the Red Sox.
The Orioles are unlikely to win, but every $1 bet should return more than $2. Of course, the odds of that happening are pretty slim, but… if they were to win, the payoff would be excellent.
I'll spare you the math, but both bets are likely losers if you were to "let it ride" over a series of games with similar odds and payoffs.Instead... Here's the bet I am going to offer you...
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