Quote:
Originally Posted by J2EEDeveloper
One of the most stunning insights about wagering is that every losing bet you don't make is the equivalent of picking 50% winners at even money.
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Very interesting. This is much like the "surrender option" in blackjack, where losing 50% on a hand that has a long term expectation of losing more than 50% actually increases profits. (This assumes one "knows" when to exercise the option correctly  )
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"It's suppose to be hard. If it was easy, everybody would do it." Jimmy Dugan, A League of Their Own
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