Quote:RSmake sure it's legal, you won't get stiffed and you can get away with it.

Stiffed? Make sure you're not about to be robbed outright.

Does your bankroll support the minimum action to take advantage of it? Doesn't matter if it's 250% edge if you don't have the $billion it takes to play.

The edge is not defined by how much ratio your win is to wager (ex. bet $100 get back $250) but by how much chance you have of success at turning any profit.

Therefore, the highest edge possible would be 100%. You either have a perfect, 100% edge of never losing your money and always turning profit, a 99% edge of almost certainly never losing your money and turning profit (which would be more likely since my science teacher proclaimed even the sun going supernova has an infinitesimal chance of happening.)

250% edge is like saying I guarantee you will not lose your money more than twice as good as someone who claims you will not lose your money.

Quote:darkozSorry if I'm dense, but isn't a 250% edge impossible or at least redundant?

The edge is not defined by how much ratio your win is to wager (ex. bet $100 get back $250) but by how much chance you have of success at turning any profit.

Therefore, the highest edge possible would be 100%. You either have a perfect, 100% edge of never losing your money and always turning profit, a 99% edge of almost certainly never losing your money and turning profit (which would be more likely since my science teacher proclaimed even the sun going supernova has an infinitesimal chance of happening.)

250% edge is like saying I guarantee you will not lose your money more than twice as good as someone who claims you will not lose your money.

I believe that you may be confusing edge with probability. Let

b = net odds received

p = probability of winning

q = probability of losing

1 - p = q

edge= bp - q

For example with b = 10 and p = .32, the edge is about 2.52 but the probability of winning the bet is only about .32.

250% edge doesn't mean it's a sure thing to pop. What if the promo was "hit a dealt 4oak two hands in a row" and you get some astronomical payout?

Would you still need a bankroll?

mean, exactly.

Quote:EvenBobSo if you have a 100% edge, what does that

mean, exactly.

It means on average you can expect to double your money.

(win / bet * p(win) - bet * p(lose)) * 100 = edge

The most simple example would be that you win even money on every single bet you make. (1 / 1 * 1 - 1 * 0) * 100 = 100%

Another simple example would be you win 3:1 with a 50% chance of winning. (3/1 * .5 - 1 * .5) * 100 = 100%)