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by kqr
1345 days ago
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This is correct only if you look at single bets in isolation, or at bets small enough that you can actually make so many of them you get the EV in the end. Once you look at a long sequence of large bets (where 95 % drawdown absolutely indicates a large bet), you'll find that those where big drawdown can happen grow slower because a big drawdown simply sets you back too far. It's worth earning a little less for each bet if none will cost you a huge loss. |
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