A hypothethical staking arrangement

[Gonso]

+EV doesn't necessarily mean you will be profitable...

To edit my last post: what you changed your question to was

[ QUOTE ]
The question was simply how many bets do we need here in order to turn this from -EV to +EV .

[/ QUOTE ]

+EV doesn't automatically translate into "profit". DUCY?

[jkkkk]

I think we both understand basic RoR principles, and I think I am justified in equating profitable with +EV. Just because a $400 bankroll does not give someone a very low RoR does not mean it is not a profitable situation.

You want my title or something?

[Gonso]

More though, why are you only winning $100 for a $200 even money bet? Wouldn't you and your friend win the full $200? You are splitting the amount EV and not the whole of the win, right?

[jkkkk]

Read wtfsvi's post and have a long think.

[Gonso]

Instead of being a wise guy, why not elaborate on your question? Because as I am reading it, the question is unclear. So I ask again, why are you only getting $100 from an even money $200 bet?

I understand the EV calc fine.

[wtfsvi]

[ QUOTE ]
Instead of being a wise guy, why not elaborate on your question? Because as I am reading it, the question is unclear. So I ask again, why are you only getting $100 from an even money $200 bet?

[/ QUOTE ] Because that is how the deal between him and Kris is.

edit: Also, I think the word "we" should be replaced with "me" in the last sentence of the OP. This should be easy to see, but is that what confuses you?

[Gonso]

Hear me out: you do this bet once, and win. $400 gets pushed your way. What precisely happens with that $400?

Also, same scenario, you lose. What happens?

[wtfsvi]

[ QUOTE ]
Hear me out: you do this bet once, and win. $400 gets pushed your way. What precisely happens with that $400?

[/ QUOTE ] $300 to you, $100 to Kris.

[ QUOTE ]
Also, same scenario, you lose. What happens?

[/ QUOTE ] You lose $200, Kris loses nothing.

[Gonso]

Okay - when do we account for the money you stake Kris?

[gull]

Gonso, I think he means to say he pays his friend at the end of each session, not each bet. If he pays after every bet then this is -EV.

Also, his definition of profit is the larger of 0 and the ending balance - 200.