The bets are the same, but you are not. If bets are rare enough or large enough, they do not justify they simplifying assumption of ergodicity
Can you expand on this a little? I don’t understand why the number of sequential bets you’re offered makes it easier to assume ergodicity, or indeed changes optimal bet sizing at all. (I strongly agree with the rest of your post fwiw)
Can you expand on this a little? I don’t understand why the number of sequential bets you’re offered makes it easier to assume ergodicity, or indeed changes optimal bet sizing at all. (I strongly agree with the rest of your post fwiw)