Andyc wrote:Andymays wrote:Player A and Player B are of equal skill but Player A averages 12% rebates on winning and losing wagers. Over time who ends up with the most money?
While money management cannot, as JPPRICE aptly pointed out, turn a negative expectation into a positive expectation . It can however, minimize losses or maximize winnings. So obviously with ALL things being equal Player A would come out ahead of Player B.
The problem with your example is that Player B doesn't care about Player A because he is making betting decisions based on his own circumstances.
" ALL things being equal ":That's just the point is it not Andy C,that all things are not equal that's the true reality and if we can agree on that then I stand by player B because we can't know for certain and if we could,what would be the point of gambling?