this post was submitted on 24 Oct 2023
10 points (75.0% liked)
Asklemmy
43944 readers
947 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's basically an equation to calculate the "sweet spot" of how much you should spend in gambling in order to get the best returns. If you gamble too much, you lose too much when you fail. If you gamble too little, you earn too little to make enough back. I don't know how this applies to investing but it's well known in gambling, which is why casinos always have the odds against you so that you're still more likely to lose or have a minimum bet that's way higher than the optimal bet.
So its more like a slightly lucrative "if you like to play moderate-stakes poker with your buddies poker league" or something or investing context?