Quote:
Originally Posted by LifeRebooted
House edge is actually slightly higher when you play lower odds, because you are wagering a greater proportion of the money you bet at -EV instead of 0EV. I can go into more detail but this should be pretty intuitive.
here you appear to be talking edge as a percentage...
Quote:
Originally Posted by LifeRebooted
Of course, the utility of playing longer, getting more drinks, having more fun, etc. may very well be more important than maximizing EV.
but then you switch your terminology to EV, which should never be a percentage. EV should only ever be expressed as dollars/chips/etc.
max odds and min odds will result in the same EV. I can go into more detail, but this should be pretty intuitive.