Quote (SheriffCool @ Mar 1 2015 10:18am)
Well thanks for trying to insult my intelligence again, since clearly you are superior in every way I could not possibly understand how you back peddle and try to change your argument to 60% when thats the best betting handicapper of all time. Why would I quadruple my wager on a 3% difference on my figures which are obviously simplistic and have no merit since I don't have a PHD in boring stats. Are you seriously trying to say it's smarter to bet $40 on a single 60% chance as opposed to 4-$10 bets on 56-58% chances? I'm no mathematician but that is just plain ignorant.
When gambling you have to look at the expected value of a given wager. Whether it's poker, sports betting, etc.
Putting 1 $40 bet on a 60% chance of winning is better than putting 4 wagers on 56-58%. The problem in your case is in the short run placing only 1 bet will significantly increase your variance.
I mean just think of it like... 1000 bets @ $10 each with a 60% chance of winning. Or 1000 bets @ $10 each with a 56-58% chance of winning. Which would you expect to make more money with?
Quote (SaF7 @ Mar 1 2015 10:21am)
Just ignore the Haters man. Let's just keep rollin'.
You're so annoying lol. People aren't hating, explaining a math concept to try and help him make more money isn't hating.