EV is the same, you’re just reducing volatility (risk is maybe a better word?) by guaranteeing the outcome either way. A downside is that the hedge does increase the necessary bankroll. That said EV does vary with how long the odds are.
EV is the same, you’re just reducing volatility (risk is maybe a better word?) by guaranteeing the outcome either way.
Oh, I see. Yes, this is what I thought—the EV doesn’t change but you can reduce your exposure to particular outcomes.
EV is the same, you’re just reducing volatility (risk is maybe a better word?) by guaranteeing the outcome either way. A downside is that the hedge does increase the necessary bankroll. That said EV does vary with how long the odds are.
Oh, I see. Yes, this is what I thought—the EV doesn’t change but you can reduce your exposure to particular outcomes.