Project 1999

Go Back   Project 1999 > Blue Community > Blue Server Chat

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #11  
Old 12-10-2010, 10:33 AM
Dr4z3r Dr4z3r is offline
Fire Giant


Join Date: Oct 2010
Posts: 565
Default

Quote:
Originally Posted by warrioman [You must be logged in to view images. Log in or Register.]
Scenario 1: A wins
Every better for A receives 1700/80 = 21.25pp, a small gain. Will be larger if betting size is larger. However, A was 4x more likely to win thus payout is smaller.

Scenario 2: B wins
Every better for B receives 1700/20 = 85pp, a comparatively large gain. Will be larger if betting size is larger. Since B was more likely to lose, the payout is larger.
Don't forget the prize-money for the winner, and the cut Kavanah takes (don't start thinking this is for entertainment or charity; the primary goal for this as described would be profit for Kavanah regardless of outcome). Even assuming small cuts taken (5% of gross bets each), you're down to 1530p in the pool, which means everyone betting on A takes a loss even when A wins.

For this to come close to working, the cuts taken cannot be more than the total amount bet on the side with less money overall.
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 08:32 PM.


Everquest is a registered trademark of Daybreak Game Company LLC.
Project 1999 is not associated or affiliated in any way with Daybreak Game Company LLC.
Powered by vBulletin®
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.