A bet's value can be revealed by its outcome, but not caused by it.
Can a bet that loses have value?
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PokerjoeSBR Wise Guy
- 04-17-09
- 704
#36Comment -
trixtrixRestricted User
- 04-13-06
- 1897
#37an 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 studentsComment -
LT ProfitsSBR Aristocracy
- 10-27-06
- 90963
#38The 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 -
SawyerSBR Hall of Famer
- 06-01-09
- 7751
#40Instructive value, lol.Comment -
gouclaSBR MVP
- 09-11-10
- 1287
#41no value except the feeling that you survivedComment -
jds07vSBR MVP
- 10-19-09
- 1335
#42The 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, yearsComment -
spargamentSBR MVP
- 12-22-09
- 1739
#43Simultaneous 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.Comment
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