| ▲ | c22 13 hours ago | |
I feel like the longer your time horizon the worse -ev games are for you? I bought one lottery ticket, I don't think my odds are gonna get any better than that. | ||
| ▲ | doomslayer999 2 hours ago | parent [-] | |
To be clear, I meant the opposite. I meant that if you take a high variance swing and you lose, you have capped downside, so you can rebuild and recover hard long term. Conversely if you win you have a huge head start and can deploy the capital quickly. Of course you DONT want to repeatedly take -EV bets. That would reduce variance and converge you to the mean which is negative by the central limit theorem. | ||