Originally posted on 02/16/2012:

Quote Originally Posted by FourLengthsClear View Post
Sure. The more subtle point though actually centres on option 2).

Finding +EV bets with consistency isn't easy. To be able to do so but then to substantially overbet leaves you with the same likelihood of winning in the long run as someone who consistently makes -EV bets.
this is only true assuming everyone has a finite bankroll that can never be replenished.

that is only true for people that are
1) unemployed and will never make any additional funds to start another bankroll
2) so whipped by their significant other that they will never start another bankroll if they lose the current one
or 3) so gutless that they will never replenish their bankroll after they lose