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Disproving a sports betting cliche
If someone says to you,"Don't bet an underdog unless you think that team can win outright." What would be your response?
I don't think it is bad advice on a very simple level. I mean it is not a bad rule of thumb for the less sophisticated bettor. But it is a very old cliche and I think it can be disproved mathematically. I just don't know how to do it. Anybody have any idea as to what I am trying to accomplish here? |
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