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Old 07-11-2008, 10:42 AM   #11
MrRubix
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Default Re: The FFR Credit Gambling Thread - Whine & Gloat HERE!

rauchster: I don't quite understand what you are saying (because the key to this betting system is dependent on understanding the implications of variance vs expected return for a given stream of bets), but your spreadsheet should still be interesting -- PM me a link por favor.

EDIT: If I am understanding you correctly, you are betting on the fact that a huge losing streak is improbable thus you are going to hedge your losses with covering bets until you make up the difference. That strategy indeed works but assumes you have a lot of money to begin with, and isn't a good strategy otherwise. I didn't quite understand your last post so I may be misinterpreting you.

Last edited by MrRubix; 07-11-2008 at 10:45 AM..
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