[shday]

[ QUOTE ]
If you could also show my error here for calculating the max bet (X).....

X = 1 + (2*%chance of hitting out)*pot size*% chance of hitting outs

[/ QUOTE ]

...I couldn't figure out how you came up with that.

Here is what I get (where the pot size includes the max bet):

max bet = (pot size)(chance of hitting outs)

or, if you do not include the max bet in the pot size (what you seem to want):

max bet = (pot size)(chance of hitting outs)/(1 - chance of hitting outs)