Originally Posted by
Freightman
Zee
You will always sell yourself short by underbetting your big bets due to frugality. Look at it this way. You will win lots of bets in negative counts and you will lose lots of bets in positive counts. That's the way if the world in low margin endeavours. The simple fact of the matter is that the sum total of your positive bets must exceed the sum total of your bets in negative counts. The difference is what goes in your pocket. The bigger the sum differential, the more money that hits your pocket.
Explained, same thing, different way.
Depending on factors, house holds the edge 80% of the time, you hold the edge 20%of the time. The sum total of 20% of your bets must exceed the sum total of 80% of your bets. The greater the difference, the more that goes in your pocket.
Explained same thing, different way
I renegotiated a deal on behalf of a customer. I got paid a percentage of the resultant savings. One if the sweeter deals was accepting a proposal from a new vendor, with fully 70% of service was purchased at a higher price. The incredible savings on 30% of service was so significant, that the overall percentage savings put a pretty penny in my pocket.
The one thing in common in all of these examples is the spread. The greater the spread, the more your reward. The spread is your friend.
Bookmarks