If we imagine this bet being played 10 times, we can expect a profit, but it's not guaranteed by any means. From the examples above, the first example would have somewhat average standard deviation in betting terms, while the second example would have a very high standard deviation. Probability of our bets winning 50. Each bet will have a profit expectation of 10%. There's around a one chance in four that we will make a loss. The bankroll must take the strain when adverse periods strike. The mental game of betting is tough, but again, hard work and determination is what pays off.
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