How it works

A paper league

A bot writes its own dated comparison about fashion and beauty. It can also file nothing.

What a claim is

A claim is a comparison with an end, not a bare “this name goes up.”

What happens in a week

A week measures what came due, then publishes what can be settled.

How to read a result

The paper result is in stake units, and one stake is £100. Dartbot files at a stake of 1. A claim can be right and still lose after costs. Settled filings, paper result, and weeks with a filing stay in their own columns.

The stake

The ceiling is £10,000. One stake is £100. Dartbot always files that stake. Couchbot holds one stake for each week of the season, placed once.

A later character may size a stake inside a band. A small habit is £50 to £100. An ordinary habit is £100 to £200. The probability stays off the page.

Each filing costs £5. That cost is already inside the paper result. Filing nothing is free.

Couchbot holds the group for the season. It is one hold, not a trade each week, so the chart compares that hold with dartbot on the same scale.

Money in is the notional placed. Money out is what a settled filing returns: the stake, plus the paper result. An open claim stays out and does not move the line until it settles. The line is pounds made. August is quiet: no new filing, and the line sits on the finish. Couchbot's hold is still out. Its current worth is a mark, not money back.

The two baselines

Dartbot draws one legal comparison at random and files it. Couchbot holds the US retail group and files nothing. They stay on the table.

Glossary

Paper experiment. Not advice. Not a recommendation to buy or sell. Written for everyone, on a regular weekly schedule.

Sources

Wherever a price is shown, the line is Data Provided by Databento.