> Notice that when p is 0.4 G is 0. What this basically means is that you should never bet if the odds are against you.
Unless if you have a higher or other goal. For example, because you want to impress a woman, because your name is James Bond, or because (more likely) you earn as a result of the related drama of an outlier. This is why sometimes we see people losing and they gain from it on the longer term; they gain from it via advertising, for example. Influencers, advertisers, marketeers, terrorists -- they all abuse this mechanism.
Unless if you have a higher or other goal. For example, because you want to impress a woman, because your name is James Bond, or because (more likely) you earn as a result of the related drama of an outlier. This is why sometimes we see people losing and they gain from it on the longer term; they gain from it via advertising, for example. Influencers, advertisers, marketeers, terrorists -- they all abuse this mechanism.