6min chapter

The AlphaMind Podcast  cover image

#111 Reminiscences of a Day Trader with David Hale

The AlphaMind Podcast

CHAPTER

The Importance of Positive Expectancy

I often say, the gamblers that make a living from it are more like traders. They're looking for what people would call positive expectancy or reg. The book does overlap in gambling quite a bit. I talk about in the book, I had some friends back in the day. There was the big poker online craze that took off 20 years ago. And these buddies who are mining with decent poker players just sit up there and take all the everyone's money. It is ethical. But they would wait, you know, kind of when all the bars to clear out. You can go to the roulette table and bet on Black and you, that’s a hundred percent gambling

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode