Originally Posted by
tableplay
At three to 1 we have:
0.7x3 + 0.3x(-1)=1.8 meaning you will profit 1.8 dollars for each dollar bet in the long run.
At four to 1 we have:
0.7x4+0.3x(-1)=2.5 meaning you will profit 2.5 dollars for each dollar bet in the long run.
So you would have the mathematical edge in both of these situations for the odds you provided and the probability (70%) you provided.
Thanks tableplay.
You are always so nice to give anyone free math that asks.
Impressive.
I was depressed for about 20 minutes after the Ditz hit me with that Poor White Trash comment.
Struck a nerve until I remembered that 99% of Americans and 99% of the World Population are Poor People.
With those odds it is tough to for me to feel bad about me being a Poor Person.
I can't really help that I was born poor and will stay a poor person no matter how much cash I accumulate.
The powers that be will not allow us to join their club.
I can think of at least a million worse situations that I could be currently in.
And it isn't going to matter when we all are just burning in the Lake of Fire.
Hopefully, the Devil will allow me to pound on that Dirty Stinking Rat... Boz.