Oddsmaker: "good enough" win rate and casino rates?
I recently tried the oddsmaker and wanted to find out what would be the minimum recommended for win rate and casino rate in order to start trading with an actual system.
For example, I recently backtested "Stocks with the most upside momentum", and had these results:
433 / 894 = 48.43% up $0.01 in 30 minutes; Average winner = $0.4722, Average loser = $-0.3309, Net winnings = $56.6463, Best = $6.61, Worst = $-3.1836; Casino Factor = 99.35%
This looks very attractive because of the large net winnings per share. The casino factor is 99%, and the win factor was 48%. Given these two scores (a high likelihood of a nearly even bet) is this a system that should be traded in practice? What are some good rules of thumb, and why?
Thanks,
Russell
btw, what is casino factor really? conf interval? kurtosis?
