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Do not throw good money after bad (1 viewing)
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TOPIC: Do not throw good money after bad
#186
liowkc (User)
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Posts: 10
graphgraph
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Do not throw good money after bad 2008/08/14 16:52 Karma: 0  
A bet is a good or bad bet according to its prospects of being a winning bet and the amount it stands to win. A 3 to 1 chance that will win 6 times your stake is a good bet. A 6 to 1 chance that will win you 3 times your stake is a bad bet. Neither fact is influenced at all by how much of the winnings (the pot) was originally your money to begin with.
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