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Growing Bulls
Look at the draw here. 26 cents, priced higher than Brighton winning at 21.
Almost nobody thinks about the draw. They pick a side, win or lose.
Charts are the same. Everyone's long or short, and the outcome that happens most often is neither. Price chops sideways and grinds both sides down.
I've lost more to markets doing nothing than to markets going against me.
Add the three prices: 104. The house takes the extra 4 either way.
Ever get killed by chop?
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