Edge is an 11-time champion.
Many people criticize that, calling it an inflated number.
But specifically, which title reigns were unnecessary?
Edge's title wins
1 - Money in the Bank cash in on John Cena @ New Years Revolution 2006
2 - Triple threat match against RVD and Cena on RAW 2006
3 - Money in the Bank cash in on Undertaker @ Smackdown 2007
4 - Triple threat title win against Batista and Undertaker @ Armageddon 2007
5 - TLC match against Undertaker @ One Night Stand 2008
6 - Triple threat title win against HHH and Kozlov @ Survivor Series 2008
7 - Singles match against Jeff Hardy @ Royal Rumble 2009
8 - Elimination Chamber 2009. Entered RAW chamber after losing the Smackdown chamber match.
9 - Last Man Standing match against John Cena @ Backlash 2009
10 - TLC match against Kane, Rey Mysterio, and Alberto Del Rio @ TLC 2010
11 - Single match against Dolph Ziggler on Smackdown 2011.
The title reigns I believe could have been omitted are:
# 6: This win was completely random because it was his first night back. He also dropped it one month later only to regain it the next. Completely pointless.
#7: It was Hardy's first title reign, so he should had held the title longer. Edge would - again - drop this title one month later.
#11: There was no reason for him to drop the belt to a guy who wasn't ready to main-event and then win it back 20 minutes later.
So he should be an 8 time champion.