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The optimal betting strategy would be to "invest" a fractional percentage of your bankroll. See the kelly criterion from above. Not doing so is suboptimal
by theoracle101 11y ago
The optimal betting strategy would be to "invest" a fractional percentage of your bankroll. See the kelly criterion from above.
Not doing so is suboptimal
- amouat 11y agoSure. But you said "This is not true at all and a common fallacy". In fact, it is quite possible to reliably win when the odds offered are better than the actual odds. I guess we're just talking over each other - you made an assumption that I don't believe was clear from the context.