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