If the investor pays 10% on the 55 winning bets his return is $110 on $110 in action.
In your scenario, the bettor wins 55% of his wagers, then pays 10% commission on the overall win, which brings him to net break-even for his total wager.
Is that correct?
Is it impossible, or even unlikely, that Integrity's actual combination of win rate & commission rate will produce whatever return that's projected by the advisor?
There must be an infinite number of combinations that are +EV.
But you can eliminate any combination that won't or can't produce a consistent positive return, because his investors would not participate under those conditions.
What I’m pointing out is that, in this configuration, the tout has to hit 55% for the investor to break even.
And when old investors wash out from losing….the continuous advertising brings in new investors. Rinse and repeat. And keep rinsing and repeating.
Druff, let us know when you receive redietz’ credit score.