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Old 03-23-2015, 02:50 PM   #1305
Street Pharmacist
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Join Date: Nov 2006
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Quote:
Originally Posted by bizaro86 View Post
You should take bets where the odds are in your favour, even if they are uncertain. It's like corsi's signature, I would take that bet (45% on a coin flip) even if you only offered it to me once. There are a number of theories on how much to bet in circumstances like that, the most famous is the kelly criterion.
Only if you can be certain of the odds, and are willing to bet multiple times. Neither of which I am.
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