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Disagree completely. It's easy to calculate your EV. If the EV is negative, you don't take the bet. Super simple stuff. Furthermore if the EV is zero, you don'
by 6nf 9y ago
Disagree completely. It's easy to calculate your EV. If the EV is negative, you don't take the bet. Super simple stuff.
Furthermore if the EV is zero, you don't take the bet either because lowering your variance is a good thing.