Originally Posted by accountinquestion View Post
Originally Posted by redietz View Post

2) The gripe I have with the use of the term "EV" applies here. "EV" is supposed to be a precise term grounded in relatively precise estimations of probability, not somebody's ballpark best guess based on their personal experience and how much coffee they drank that day. In other words, either preface the "EV" with the word "subjective" or "my ballpark estimate of the" or something. Please don't plug in the term "EV" as a ballparking term without adopting the pronoun "MY estimate of the 'EV'" or something similar. "EV" should not be used when there's a good dose of subjectivity involved, which is usually the case. The problem from a language perspective is that mathematicians would interpret "EV" as a math term. Gamblers looking for an excuse to gamble use it as a synonym for "myy opinion."
Lol you're so clueless. We're not talking within the context of mathematicians. Read the wiki on EV and see that a statistical backing of EV is widely accepted. You're just ignorant as fuck.

"good dose of subjectivity". You discount the math because you simply do not understand it - regardless of who you know. lol

Winning sports bettors all over use EV and they understand each other. You're just too ignorant to move on.

Keep repeating your wrong opinion though. Yes, EV can be wrong just like handicrapping. There are clear methodologies that define how people apply on EV. This takes into account all the relevant factors and often the actual estimation will be more solid than yours.

I'd never hire a guy and bet his picks if he didn't use some methodology backing his "picks". Really, that is far more the case with your approach. You're basically projecting but keep repeating yourself ad nauseum.

Like I said, 40 years in the game and still apparently looking for investors is all that needs to be known.

Anyway, I need to just let you go and let you run your thing. I'll stop giving you shit as long as you don't give another wrong lecture on EV.

Beating you up feels good at the time but now I feel dirty. Just drop the EV thing, bub.

There is (A) a historical, statistical definition of "EV" that meant you could justify your estimate with actual statistics. You have (B) a more "gambler-friendly," ego-stroking connotation that refers to somebody deciding subjectively what edge they have without precise math and then assigning an "EV" to it.

We who are "ignorant as fuck" and who have made a living gambling for 40 years usually use "EV" the first way. It keeps us out of trouble.

Those looking for an excuse to gamble and to assign some probability onto events based on their subjective, widely-varying estimates, use the second "definition."

More power to them. LOL. Which definition do you think is preferred by and promoted by sports books?

If you're going to use ego-driven imprecision to excuse bad gambling habits, please refrain from reading my posts. Thank you in advance.

P.S. The thing about the anonymous, alleged expert account, he hasn't done anything, far as I can tell, except occasionally ridden in a car with Todd. While I'm a big fan of being a big fanboy, that hardly qualifies as anything in the world of actual gambling. I mean, be my guest, wax expert while using subjective definitions of "EV." Just don't take any math courses (even those taught by adjuncts) and expect to get away with that. You gotta love somebody who says a math term shouldn't be used "in the context of mathematicians." Jesus Mary and Joseph. What a maroon. God bless us all. Instead, just use it in the context of addicted gamblers looking for a pseudo-rationale to gamble. Yes, much better. Much more moderne.