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#19
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Well, things seem clearer this morning!
I was only giving us credit for 6% of the opponents bets then looking at our bet in isolation. i.e. I should have been thinking "for every bet that goes in I get 40%, the opponents split 60%" or the way Andy put it "we're putting in 33% and our equity is 40% so we're gaining not losing" rats. someday I'll be right. |
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