Re: 10% refund question
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So despite all your protest to the contrary, a 10% rebate is a +EV offer.
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And despite all your calculations the only thing I can agree with is that getting 10% of your losses back makes it less -EV but never +EV. After all if you end up losing money on your session you still lost. How can losing ever be +EV without a jackpot?
Jimbo
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So I offer to flip a coin with you, and if you lose you pay me $95, and if you win, I'll pay you $100. If you lose, you lost $95. Does that mean it wasn't a +EV situation?
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