Math question

Comp Fan · 05-31-2003, 08:12 PM

Hypothetical...

What would you rather have?

A 10% rebate of your losses monthly or a 5% rebate of you plus / minus number ?

TIA

Loman · 05-31-2003, 08:18 PM

Comp,let me see...divide by 2,carry the one,the answer is......a book that pays quick.

Omni · 05-31-2003, 08:21 PM

If I understand the question correctly...then it depends on weather you are an overall winner or a loser.

If you are a loser, then 10% losses

If you are a winner, then 5% of + or -

sick gambler · 05-31-2003, 08:21 PM

10% monthly is worth twice as much in the long run

Minnow · 05-31-2003, 08:24 PM

I'd prefer 5% rebate both ways, I think. The bonus for losing is kind of depressing?

Actually, for a square like me, I will go with a book that pays quick when you win, and sends gentle reminders about betting into bad lines along with 50% of losses returned.

sick gambler · 05-31-2003, 08:28 PM

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..

Omni · 05-31-2003, 08:38 PM

Sick, we're not just talking about the difference between 10% losses and 5% losses. It's 10% losses vs 5% of wins or losses (as I understand the question). The reason you came up with 10% being worth twice as much as 5% is because you only figured losses.

sick gambler · 05-31-2003, 08:42 PM

Omni, i did understand the question. I am just going by what mathematics say should happen over 1 million dollar in bets. of course we understand that people will win, and we just dont know how much they will win at any given time. I know for a fact that the 10% back on losses is worth more mathematically, but it would be impossible to come up with a number for the 5% rebate.

Comp Fan · 05-31-2003, 08:46 PM

Thanks for the help.

So, the answer is - as I understand it - 10% back on losses basically because the juice you lay makes it more likely that you will be a loser?

2006 · 05-31-2003, 09:20 PM

It depends on the individuals betting history. You have determine this yourself otherwise I would follow Omni's advice.

Holy Bull · 05-31-2003, 09:52 PM

Its basically the same thing unless you are a substantial winner or a substantial loser