Quote Originally Posted by FinesFan:
I think you just don't understand maths..
It
is simple to understand than a ROI of 5% isn't the same as a ROI of
1%... Would you prefer to risk 1 000$ and win 50$ instead of risking 10
000$ to make 100$ ?
It is the wrong question.
Are you certain you can invest the $10k safely to gain a return of 100$ during the same time?
Then yes I'd choose to make 100$ instead of 50$, it just involves turning the same bank over multiple times.
But it already comes closer to the core questions.
What are you comfortable with?
How skilled are you as a capper?
Can you quantify your edge accurately enough to make those close calls?
If yes it's extra profit, if no leave those closer bets out.
Quote Originally Posted by phixer:
8 games wagered >> 5 wins - 3 losses >> 880 invested
>> total return 1050>> profit = 170 = 19.31%ROI =62.5%
winning rate
4 games wagered>> 3 wins - 1
loss>> 440 invested>> totals return 630 >> profit=190
= 43.18 ROI = 75% winning rate
Why risk double as much money to win less? fiiire - who has to learn the basic math?
Quote Originally Posted by phixer:
That's ridiculous. You mean you know your math and can't figure that
winning depends on high percentage of successful picks rather than the
number of them? If you're afraid the league has # number of the plays -
play high probability games only doubling your wagers and the result
will be same or better because less juice will be wasted!
You don't understand the problem.
NBA regular season ~1200 games
-> Maximize your profit during this season.
-> Equals if you are certain there is an edge, take it.
Say you have 100 games, 5 of them you know you have a big edge, which equals to a 5% ROI, you bet them with a big stake.
10 others you are certain you have an edge, which equals to about 2% ROI, you bet them for your normal stake.
20 others you are not sure and think your edge is about 1% so you have to be very cautios to either skip them or play for a smaller amount.
Now why only play the bets with the very big edge of 5% ROI and skip the rest? You just miss out on the money.