Re: reducing variance: the sklansky bux swap
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In my opinion, the absence of such a calculator would make it more profitable for players in the group swapping sklansky bux to become all-in monkeys even when they would normally take a more conservative and more profitable approach to their play.
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to say it another way, reducing variance by playing conservatively isn't profitable. it costs you money. if the conservative way is the more profitable way, you can't magically make another line more profitable through neutral EV hedging.
the swap is a neutral EV hedge. in other words, a neutral EV gamble with perfect inverse correlation to your results.
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