Entries by Russell Clarke

‘Money Without Work’ 8: Logistics

In previous articles we have covered the Efficient Market Hypothesis and the Wisdom of the Crowd, and how these theories help us identify opportunities that have a positive Expected Value (EV+), writes Russell Clarke. Our task as punters is to try and limit our individual bets to those that have an EV+. We can do […]

‘Money Without Work’ 7: Betting Psychology

It is perhaps the greatest paradox in the investment world that many consistently profitable money managers have a large percentage of losing clients, writes Russell Clarke. I recently saw the records of a very successful US Hedge Fund, that showed over 40% of their lifetime client base had actually lost money while investing with the […]

‘Money Without Work’ 3: Sharp & Soft Bookmakers

Part 3 of this series looks at different types of bookmaker. Earlier episodes can be viewed here. The terms “Sharps” and “Softs” refer to bookmakers that operate very different business models, writes Russell Clarke. Sharp bookmakers operate a low margin/high turnover model and Soft bookmakers operate a high margin/low turnover model. Examples of Sharp bookmakers […]

‘Money Without Work’ 2: Wisdom of Crowds

Part 1 of this series can be found here. I have deliberately kept mathematical 'proof' and academic rigour of the theories of Wisdom Of Crowds and the related Efficient Market Hypothesis out of this article, writes Russell Clarke. Those who are interested can easily research further their efficacy online. For what it's worth, I believe both […]

‘Money Without Work’ – Back to Betting Basics

Success in betting is typically approached with the primary, and sometimes exclusive, goal of selecting winners, writes Russell Clarke. Whilst undoubtedly important, such an approach rather puts the cart before the horse (pardon the pun). Understanding the betting marketplace, and some of the basic maths, is the cornerstone of any viable strategy. This can then […]