Re: The old coin-flip debate (long including quotes)
[ QUOTE ]
1st - $50
2nd - $30
3rd - $20
Total Prize $80
[/ QUOTE ]
50+30+20=100.
[ QUOTE ]
You 'own' 25% of the chips and therefore $20(of the total prize) After coin Flip $40/2(half of the time you lose) = You will 'own' $20 of the total prize
[/ QUOTE ]
When you own 25% of the chips (in case of 2x,x,x), you "own" 25% of the prize pool, only when it's "winner-takes-all". Otherwise, (for instance: 3 places get paid 50/30/20), the calculation is more complicated.
|