Passing Up a Good Bet for a Better One.

Not a good idea if winning the first allows you to bet it all on the second. Or if the second bet is only a little better. But sometimes it is a good idea. If your $100 bankroll is temporarily not replenishable, and you can bet up to that amount both today and tomorrow, wait for the 80% shot if today’s bet is 60%, but don’t wait if tomorrow’s bet is only 70%.

\This is actually a pretty technical point that doesn’t come up too often in real life. I thought it was worth writing about because of the interesting fact that you shouldn’t wait for tomorrow’s bet if it is only a little bit better than today’s. But it’s mainly a mathematical curiosity (easily calculated with a little algebra) because you should always make both good bets if you can afford to or if you can increase your second bet if you win the first.