Sentences with phrase «like probability of winning»

Not exact matches

If you want ot discuss Steve Stevens as a fraud, best to stik to things like the lack of reason for doubling up bets, the mathematically proven Kelly criterion adn the proper amount to bet on a $ 50,000 bankroll with a 70 % win probability and 11 - 10 odds, and the fact that he tells clients he is great money - management adviser, and he keeps repeating that he is there to help you stay in control aqnd then tells clients to make $ 99,000 in bets based on a $ 50,000 bankroll.

People underestimate the strength that mounds of cash brings as competitive advantage - It is like a chess game where you have the full set of coins still to lose - unless you do something stupid, probability of you winning is fairly high.