Re: Hi Rollers
- From: Alan Shank <goatcabin@xxxxxxxxxxxxxxxxxxxxxxxxxx>
- Date: Sun, 02 Mar 2008 12:03:43 -0800
On Thu, 28 Feb 2008 17:39:26 -0800, "Uncle_vito"
<uncle_vito2002@xxxxxxxxx> wrote:
Only because you do not play the wrong way. Why? I love the wrong way.
You can use most right way bets as hedges. For example I bet $10 on the
don't pass and when a number is made I lay double odd and put $20 in the
don't come and $2 on the yo. I am basically protected from either a 7 or 11
hiting my don't come. I then get $20 on a number which pays even money when
a 7 shows. This is great. I can also put hardway bets on even numbers but
sometimes do and sometimes don't since hedging decreases my variance.
I'm glad to see that you understand hedging decreases your variance;
it also increases your expected loss, which means that you are
substantially reducing your probability of breaking even or better.
Your probability of overcoming the HA and breaking even or better is a
function of the expected loss divided by the standard deviation; in
other words, how lucky do you have to be to end up on the positive
side.
You can decrease your variance more cheaply by just betting the
minimum on the pass line; of course, you may find this boring, another
issue involved in "utility".
Cheers,
Alan Shank
.
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