Thread: Math question
View Single Post
  #6 (permalink)  
Old 05-31-2003, 08:28 PM
sick gambler sick gambler is offline
Two Star General
 
Join Date: Dec 2000
Posts: 7,098
Send a message via ICQ to sick gambler Send a message via AIM to sick gambler
Default

if you bet to win 1 million dollars in 1 month, you will win 500,000 and lose 550,000 for a total of -50,000. So at 10% rebate on monthly losses, you will get back 5,000 dollars.

The 5% rebate is this.. Lets say you bet to win 1 million in a month..

week 1 +2- you will win 250,000 and lose 275,000 for a -25000 ( you get back ,1250)
week 3 +4- you will win 250,000 and lose 275,000 for a -25000 (you get back anoher 1250)

for a total of 2500..

Therefore the 10% monthly losses is worth twice as much..
Reply With Quote