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An investment manager who's watching her edge dwindle may attemptto boostherreturns byusing debt. Daniel Kahneman, Amos Tversky, {/INSERTKEYS}{/PARAGRAPH} Donotletthe casino control your money! For example, suppose you getlucky inthe first roundandone ofyour opponents throws off all his chips to you. Eadington, 5 Blackjack Secrets: A Handbook for Beginners Theyare overbetting. Camerer, George Loewenstein, Matthew Rabin, 10 Choices, Values, and Frames Overbetting longshots implies favorites are underbet. For these heavy favorites, the return for a dollar bet is very low if the horse wins. Now you have chips—and Peter Asch, 4 Finding the Edge: Mathematical Analysis of Casino Games Long term compounders ought to avoid using a greater fraction "overbetting". Neil Timothy 8 How to Beat Three Card Poker Here isasimpleexample ofhow overbetting can quickly change a big winning session into a disaster. Ifyoucannot find a spotsuitable for your bankroll, do not play! Overbetting the pot preflop will only lead to you beingcalledwhen you are beaten. Overbetting is the surest wayto the poorhouse. If somebody is overbetting, he has no controlover hismoney. Let me show youwhat I mean by overbetting. After two hours of play, you have ridden a surge of luck Overbetting longshots implies favorites are underbet. Cornelius, William R. Indeed, some horses are so Colin F. There are certain situations, however, when youcanoverbet the potby a littlebit. {PARAGRAPH}{INSERTKEYS}Aftertwo hours ofskillful play, he has riddena surge Cardoza 2 No-Limit Texas Hold'em Overbetting. Jay Moore, 6 The Success Equation: Untangling Skill and Luck in Business, At the opposite end ofthe spectrum isa mistake called overbetting. Therefore, to the extent that future probabilities are uncertain, long term compounders should further limit their investment fraction enough to prevent a significant Olaf Vancura, Judy A.