Math guys are gamblers, too.
Investors take big risks, when they know the rhyme and reason is clearly against making such a move. We're all human, the numbers are always perfect, the application usually isn't, that's what this flow of information is all about. Sharpening ones mind, so they can then apply what they've learned to the best of their ability. I understand all that. I also understand how the human mind works.
Tell me, is there NEVER a situation where, for whatever reason, you feel your edge is enough to take an -EV shot of betting well above your means, an ATS situation with no protection or hedge factor involved? If so, tell me what you've done to calculate that edge any differently than the monotonous, slow-paced % bets that never invoke the rush associated with problem gambling?
I know some of you calculator wielding, number crunching guys splurge once in a while- I want to know when.