What's the equation to determine the necessary breakeven win % between -107 and -110? Thanks
Phigment BoSox in 2006 Joined May 2, 2005 Messages 318 Tokens Oct 7, 2005 #1 What's the equation to determine the necessary breakeven win % between -107 and -110? Thanks
Kruser6 Rx Senior Joined Oct 14, 2004 Messages 9,807 Tokens Oct 7, 2005 #2 If you lose 100 games for $100 a piece at -107 you are down 10,700 You then need to win 107 games for $100 and you will be even. So you need to win 107 out of 207 games. 51.69% to break even.
If you lose 100 games for $100 a piece at -107 you are down 10,700 You then need to win 107 games for $100 and you will be even. So you need to win 107 out of 207 games. 51.69% to break even.
Kruser6 Rx Senior Joined Oct 14, 2004 Messages 9,807 Tokens Oct 7, 2005 #3 you need to win 52.38% to break even at -110 using the same math principle. You need to win 110 out of 210 games.
you need to win 52.38% to break even at -110 using the same math principle. You need to win 110 out of 210 games.
GuinnessGal Scattered, Covered, and Smothered Joined Jan 21, 2005 Messages 1,104 Tokens Oct 9, 2005 #4 Phigment said: What's the equation to determine the necessary breakeven win % between -107 and -110? Thanks Click to expand... Your not the only one!!! I am horrible at math! Maybe that's why they don't have me running lines!!!
Phigment said: What's the equation to determine the necessary breakeven win % between -107 and -110? Thanks Click to expand... Your not the only one!!! I am horrible at math! Maybe that's why they don't have me running lines!!!
DimeBag New member Joined Sep 21, 2004 Messages 2,246 Tokens Oct 9, 2005 #5 GuinnessGal said: Your not the only one!!! I am horrible at math! Maybe that's why they don't have me running lines!!! Click to expand... Maybe thats why they dont trust you with a pencil. Dime
GuinnessGal said: Your not the only one!!! I am horrible at math! Maybe that's why they don't have me running lines!!! Click to expand... Maybe thats why they dont trust you with a pencil. Dime
Salain New member Joined Oct 16, 2005 Messages 528 Tokens Oct 18, 2005 #6 Phigment said: What's the equation to determine the necessary breakeven win % between -107 and -110? Thanks Click to expand... for a standard equation - (AmtBet*Vig%) / ( AmtBet + (AmtBet*Vig%) ) 110 / (100 + 110) = 52.38%
Phigment said: What's the equation to determine the necessary breakeven win % between -107 and -110? Thanks Click to expand... for a standard equation - (AmtBet*Vig%) / ( AmtBet + (AmtBet*Vig%) ) 110 / (100 + 110) = 52.38%
