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What do you think of these odds?

Started by celebrex, Dec 24, 07:40 AM 2014

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0 Members and 2 Guests are viewing this topic.

celebrex

Let's say you place a $200 bet and have the following possible outcomes:

29.7% of losing $200
21.6% of making a $100 profit
10.8% of making a $300 profit
37.9% of not winning or losing (money back)

Would you expect this to be a profitable system over the long run?


ddarko

to me the odds mean nothing Celebrex, it's your bet selection & the number of times you hit each
of those four percentages that matter.... :thumbsup:

gl

O0

Colbster

Your expected return is -$5.40 per spin, or exactly the 2.7% house advantage that you would expect.

0.297*-200=-59.4
0.216*100=21.6
0.108*300=32.4

Combined is -5.4, so no profitability expected.

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