If i bet 2000 games
I bet at +105 and it closes at -105
will I be ahead or behind after 2000 games?
deltgen
SBR Wise Guy
12-31-10
865
#2
Isn't the answer dependent on how many of the 2000 wagers you win?
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danshan11
SBR MVP
07-08-17
4101
#3
LOL good answer but with just that info what is your best guess!
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eaglesfan371
SBR MVP
01-08-19
4079
#4
You will be up because here you are giving a perfect example of being THE bookie. You are receiving -105 bets which means you are +105 for every wager. You will win long term due to the vig.
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danshan11
SBR MVP
07-08-17
4101
#5
exactly
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Barrakuda
SBR Wise Guy
02-28-18
786
#6
Depends on the vig.
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danshan11
SBR MVP
07-08-17
4101
#7
ok sorry I guess we should assume the VIG is -105 -105 each side
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Alfa1234
SBR MVP
12-19-15
2722
#8
You have a 12.27% probability of having a loss after those 2k bets and a little over 50% probability of doubling your bankroll with fixed stakes.
You know this math, why do you ask stuff like this to invoke discussion about something that's been discussed 10 000 times?
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Miz
SBR Wise Guy
08-30-09
695
#9
if you believe the market becomes more efficient from open to close you will be up. that belief has been the topic of many arguments in this forum. Most people agree that this criterion is generally true. I certainly do.
You have a 12.27% probability of having a loss after those 2k bets and a little over 50% probability of doubling your bankroll with fixed stakes.
You know this math, why do you ask stuff like this to invoke discussion about something that's been discussed 10 000 times?
thanks for the info and the kindness if you are not interested in reading about this or any other subject I write on just skip it next time, for the 10000th time take a chill pill
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danshan11
SBR MVP
07-08-17
4101
#11
Originally posted by Miz
if you believe the market becomes more efficient from open to close you will be up. that belief has been the topic of many arguments in this forum. Most people agree that this criterion is generally true. I certainly do.
I believe the same but it is certainly worthy of continued conversation since people are of the opinion that they can overcome this
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Okocha
SBR High Roller
01-20-19
111
#12
Originally posted by danshan11
thanks for the info and the kindness if you are not interested in reading about this or any other subject I write on just skip it next time, for the 10000th time take a chill pill
Buddy get the f out of here,you are a disgrace to this forum and the personification of the absolute joke this forum is now versus the golden era 2007-2012
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danshan11
SBR MVP
07-08-17
4101
#13
was the golden era awesome? did the members ride roller coasters and just post great knowledge all day?
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zorba74
SBR Hustler
07-27-11
68
#14
Originally posted by Alfa1234
You have a 12.27% probability of having a loss after those 2k bets and a little over 50% probability of doubling your bankroll with fixed stakes.
You know this math, why do you ask stuff like this to invoke discussion about something that's been discussed 10 000 times?
Can you please show the math behind this please.
Thank you.
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JacketFan81
SBR MVP
10-28-17
1742
#15
Man what the hell happened to this forum?
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Believe_EMT
SBR Wise Guy
03-31-19
508
#16
Originally posted by Okocha
Buddy get the f out of here,you are a disgrace to this forum and the personification of the absolute joke this forum is now versus the golden era 2007-2012
i feel like Ganch was gone before 2007. please amend date range to include his holiness
TIA