Re: Pot Odds Question
[ QUOTE ]
I said "If in your successful attempt you put in 2$ and won $20 but the other 8 times you missed you put in an average of 3$ you lost 24$ for a net loss of 4$. So even though you had good pot odds each time and you matched the statistical expectation, this was not a profitable play".
[/ QUOTE ]
I think you are getting the hang of it. I'd just like to point out that whether or not a play is profitable is not determined by the short term results. If you have favorable pot odds to make a play, then that play is profitable. Period. In fact it is quite likely that from time to time a large number of profitable plays will yield no actual profit.
Paul
|