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But you wouldn't be getting just your money back, you'd be winning the entire pot. Unless I misunderstand how this works.
by chrisfosterelli 12y ago
But you wouldn't be getting just your money back, you'd be winning the entire pot. Unless I misunderstand how this works.
- fela 12y agosay the pot contains 20, and you pay 80, you will have 80% chance of winning 18 in addition to your 80 and 20% chance of losing everything, if you do this many times you will still on average lose
- chrisfosterelli 12y agoRight, so (.80 * .98(100) + .20 * 0) = 78.4. Which is 2% less than the 80 you paid to entry... This makes more sense when I use an absolute (100), I think my mistake was in trying to calculate 100 as a variable amount, I must've made an error there. Thanks for explaining :)