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Old 12-09-2005, 09:26 AM
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Default Re: Single Bet = -EV, Multiple Bets = +EV

People get screwed by this a lot in backing deals. If you agree to something like covering 100% of someone's daily losses and taking 50% of her daily winnings, you lose money if she goes +$1 one day and -$1 the next, which is why you should always make backing deals long-term.
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