Can a bet that loses have value?

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  • Pokerjoe
    SBR Wise Guy
    • 04-17-09
    • 704

    #36
    A bet's value can be revealed by its outcome, but not caused by it.
    Comment
    • trixtrix
      Restricted User
      • 04-13-06
      • 1897

      #37
      an econ professor once told me that the hardest concept for his students to grasp is the time-value of money, that a dollar 100 years from now might be virtually worthless in present value, i guess this make sbr no worse than a bunch of college students
      Comment
      • LT Profits
        SBR Aristocracy
        • 10-27-06
        • 90963

        #38
        The obvious answer is YES. Let's say you are getting +400 on a play that has an expected win% of 25%. The odds of winning ONE game are still 3/1 against you, so will lose more times than you will win. But the play still has value win or lose because if you make the same play 1000 times and go 250-750, you made a nice profit.
        Comment
        • pavyracer
          SBR Aristocracy
          • 04-12-07
          • 82741

          #39
          Originally posted by Peep
          I think so.

          Some don't.

          As High Times puts it...
          If it was hedged with another bet or middled then a losing bet has value. Or if it was used to fullfill a bonus rollover requirement.
          Comment
          • Sawyer
            SBR Hall of Famer
            • 06-01-09
            • 7751

            #40
            Instructive value, lol.
            Comment
            • goucla
              SBR MVP
              • 09-11-10
              • 1287

              #41
              no value except the feeling that you survived
              Comment
              • jds07v
                SBR MVP
                • 10-19-09
                • 1335

                #42
                The bet had value when you placed it, (I hope) or else you wouldn't have placed it. Before the event began, your calculated odds were better than the given odds by the bookmaker. You bet because (you think) you have value. Win or lose, the bet HAD value when you placed it. Over the series of many many bets, you can see if this perceived value was actual value.

                The value of the bet afterwards is inconsequential. Value/no value makes little difference. You can see if it won or lost, an if your initial analysis was correct. In an isolated incident, this does not matter. Losing one bet where your money was right will be very insignificant over the course of a month, year, years
                Comment
                • spargament
                  SBR MVP
                  • 12-22-09
                  • 1739

                  #43
                  Simultaneous events that do not directly influence each other don't create additional value via some imaginary world where past outcomes directly impact and influence the outcome of future events.

                  I flip a coin ten times. Is flipping ten heads consecutively as likely as flipping 5 heads and 5 tails that alternate? Yes. But it has nothing to do with the subject...As other posters have already mentioned, this topic becomes pedantic without an established definition of 'value' in context.
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