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Do You Lose Too Often?
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Do You Lose Too Often?

by garethp1981 on 27 Aug at 21:48

Everyone who bets would love to win every time and since I don’t think there is anyone who manages this, then surely everyone’s answer to the question “do you lose too often?”, is yes. That said, some people must be fairly happy with how often they lose. Imagine a punter called Andy who only ever strikes bets at even money, and wins 60% of the time. He must be happy because if he strikes 100 bets at 1 unit each, he would expect to lose forty of them and win sixty, giving him a return of 120 units. He know’s that in the long run he is going to win enough bets to make a profit, even with the losses from his losing bets taken into account. Andy probably never enjoy the losers, but he might come to accept them..

02/09/14 00:24:02 © 2002-2014 OLBG, part of Invendium Ltd Gamcare Gamble Aware  
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