Originally Posted by kewlJ View Post
Originally Posted by monet View Post
Originally Posted by Alan Mendelson View Post
Sh-t happens.
Since you decided to not understand or accept my poker analogy I will try one more attempt with you.
Was THIS a surprise to you, monet? Welcome to the world of trying to deal with Alan Mendelson.
Since I have your attention, why don't you explain how you can have "expected value" AFTER a bet has been resolved? As I mentioned, even on the Wizard of Odds "expected value" is defined as the value of a bet before it's resolved. To be specific, this comes from the Wizard's site:

Expected Value
Expected value is how much you can expect to lose (negative) or win (positive) from a bet. For example the expected value in American double-zero roulette is -5.26%. That means you can expect to lose 5.26% of every dollar you bet.

In your explanations, you have maintained that you have +EV even from the bets you lose. Please explain.