The myth of market efficiency

[cashin81]

Gaze you might wanna start on your autobiography now

[Pancake229]

There is no such thing as a inefficient or efficient market. It is the bookmaker who orginates a line's OPINION and then the syndicates and public places their OPINION which moves the number. Both are just OPINIONS and the line on any particular game is never 50/50 if they played the game 100 times, EVER.

[curry2211]

I believe it is easy to understand, there is no such thing as an efficient market for one specific game, but the market is pretty efficient if we talk about all games. There is pretty convincing evidence for that as fas as i know. This is the reason why professional gamblers (specific games) and bookmakers (all markets) at the same time can survive.

[deeppckts]

There is no such thing as a inefficient or efficient market. It is the bookmaker who orginates a line's OPINION and then the syndicates and public places their OPINION which moves the number. Both are just OPINIONS and the line on any particular game is never 50/50 if they played the game 100 times, EVER.

Incorrect, Aunt Jemima.