Re: Probability as it relates to bankroll
[ QUOTE ]
Who is right (along w/the math please) and what about the second situation?
[/ QUOTE ]
Nobody's right or wrong. The point seems that when it's not a sure thing (0.001% chance of winning), that people seem to go for the higher number because they aren't expecting it anyway. But when it's almost a sure thing, people seem to go with the one that wins more often so they won't be dissapointed. As far as EV goes, there's no difference and it's purely psychological.
As far as bankroll, there's no situation where you're losing money here anywhere so necessary bankroll is not an issue. Just keep playing.
If you want to maximize something other than EV, then you might prefer one over the other.
|