In a rigged game of chance where statistically I am expected to win, is there a difference between betting the same amount of money each time (for example using Kelly criterion) vs using variable wager strategies like Martingale or anti-Martingale strategy? For example could I expect to win more when doubling my bet with each win, vs making each bet the same amount? As an example we can say that I am playing a game with 80% chance of winning \$1.3 for each \$1 bet (13:10 odds).
2026-02-22 21:49:32.1771796972
Optimal wager strategy for high win chance / high odds game
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