Example:
A soccer match offers 2 valuebets:
- O 3.5 at odds 2.1
- away team O 1.5 at odds 2.1
So instead of wagering 1.000 whatever currency (w$) at the first option, I decide to wager on 500 w$ on each of the two options, believing that I just reduced my risk according to an evaluation of the probalilities.
- both win: 40 %
- both lose: 40 %
- one loses, one wins: 20%
Does splitting your stake on multiple bets on the same match, reduce, maintain or increase the risk?