Post
Topic
Board Gambling
Re: No House Edge?
by
unholycactus
on 14/05/2015, 17:16:48 UTC
Even with negative house edge is difficult to make profit,because you have to know to have a strategy
moneypot has a way to have negative edge,but even that way,it is really difficult to make profit

No, its not hard, just bet flat bets and you will eventually start making profit forever depending on how big the negative house edge is, will happen sooner or later

More precisely, the bet size should be determined using Kelly formula (FYI: http://en.wikipedia.org/wiki/Kelly_criterion), and you should be making a easy profit with very very small risk.

People have trouble understanding how the long run works.

Kelly bets are still risky considering you'll lose all your money in the long run because you'll eventually get unlucky and lose your whole bankroll if it's limited.