Quote (MVPx @ Mar 1 2015 03:51pm)

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?



You're so annoying lol. People aren't hating, explaining a math concept to try and help him make more money isn't hating.

Quote (SheriffCool @ Mar 1 2015 11:59am)

Obviously 60% if the wagers were even and if my numbers are correct, but I don't even know that yet. So far my rankings and percentages haven't really made a difference in winning and losing, if anything the ones with the higher percentage have lost recently. He isn't trying to explain anything, he has repeatedly said I'm too stupid to understand anything. Also you are changing the the proposal he made of increasing my wagers to try to make your point seem more valid.

Quote (MVPx @ Mar 1 2015 04:01pm)

Right. I think in your case the way you do it is right.

Place more wagers, decrease variance which will increase consistency.

I guess I was just saying in a long run perspective with equal amount of bets and equal money wagered the higher %s should have better expected value, obviously lol.

Quote (SheriffCool @ Mar 1 2015 12:14pm)

Well no shit the higher percentage if everything else is equal should be better. I haven't let any of you sway me from what I have been doing all along, I'm not going to start listening now. If I listened to all the bullshit from just this topic I would have quit on day one. I don't need your advise on how much to bet or how many games to bet. It seems to me that I'm doing just fine myself and everyone else is just jealous at this point. The fact that people have to scroll through pages of this horseshit to even find my picks for the day should be an indication of that.

Quote (SaF7 @ Mar 1 2015 04:25pm)

Why did we bet on all road teams today lol. Jk

Quote (SheriffCool @ Mar 1 2015 02:33pm)

Because they are the ones that are going to cover.

Quote (SheriffCool @ Mar 1 2015 04:33pm)

Because they are the ones that are going to cover.