Re: Can one overcome a -EV game?
Remember, the initial discussion was supposed to be centered around "why do casinos not have betting caps"?
Suppose you have a casino, raking in $100M a year, with a $10B roll. Investors, backed by $100B, decide to stupidly "martingale" you, in a game of craps/bacarrat. They succeed some % of the time greater than 50% (because their money is much greater than yours). So do you let them bet, knowing they ruin you - or stand pat with guaranteed income?
|