11-17-2005, 05:11 PM
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Confirmed User
Join Date: Dec 2002
Location: PEI, Canada
Posts: 6,924
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Quote:
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Originally Posted by Jensen
by hitting 75% you're wasting the 55% winners that will also give you the profits.. as long as winning % x odds is over 100 you should make the bet..
example: you flip a coin and give me 2.05 on heads and 1.95 on tails.. thats roughly 50/50 in the long run so I'd be an idiot if I skipped betting on heads... the value on heads would be 2.05 x 50 = 102.50 , 2.50% profit in the long run
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