Re: Maximizing EV in a School Survey
I guess I wasn't very clear in my initial explanation; you need to bet at least $1 on every game.
Your point is well taken, though; You should just bet $5 on the 6 most advantageous games and $1 on the remaining 10 games to maximize EV. I spread my games roughly by the edge I'd receive, betting $1 on some, 2.5 on otheres, and 5 on the obvious games, which was ill-advised, although I believe it will reduce my variance.
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