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by sneak
1398 days ago
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Asymmetric upside is only really useful if the EV is positive. Bets "on the inside" in roulette have asymmetric upside, they pay out 35:1. The problem is that the chance of winning is 37:1 on an American wheel. This means that the EV is negative: do it enough times and you will lose money. You should constrain your search to positive EV gambles. |
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