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Originally Posted by chadglni
I play poker, I would always take a 55% edge but you are assuming unlimited bankroll. If you have 50k to bet and you have a choice of betting 50k on your 75% picks or choosing some 55%'s too because you don't want to "throw away your profits" you are making a mistake. -EV, retarded, bad money management, etc. etc. etc.
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no I'm not, I'm all pro healthy money management. If you have 50k to bet, invest max 1% per bet and see it grow over time... do you win 75% of your poker hands? nobody will be able to win 75% against the spread in sports.. just not happening over time..
example: hitting 3/4 (75%)would leave you with 1.73 units profit .. nobody can hit 70%+ every day anyway but lets leave that for now
hitting 17/30 (56%) would leave you with 2.47 units profit .. more profits and more spread of risk.. it might be boring, but in the long run it will leave you with more profits, less risk and it is better money management..