#1
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Ok now figure this one out!
Superbowl Pool 100 Squares. Cost: $250 each 25k total
1st Quarter Score match $1000 Half Time Score match $1000 3rd Quarter Score Match $1000 Final Score Match 2005 VW Bug Auto 3k miles ex.cond Bad Number (5/5) $250 Bad Number (9/9) $250 Bad Number (2/2) $250 Bad Number (5/9) $250 Bad Number (9/5) $250 Bad Number Squares can still win if their numbers come up. Tell me why I should or shouldn't participate in this pool. The car is verified as excellent and highly sellable Straight Flushes, SAM |
#2
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Re: Ok now figure this one out!
If it's +EV for the guy running the pool, then it's -EV for you, and everybody else who buys a square.
I'd need to know the value of the car to determine EV, keeping in mind that if I only intended to liquidate it, I probably would not expect full value. |
#3
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Re: Ok now figure this one out!
[ QUOTE ]
I'd need to know the value of the car to determine EV [/ QUOTE ] Let's say $20000 Better Yet when does it become +EV? Straight Flushes, SAM |
#4
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Re: Ok now figure this one out!
A square costs $250. There are 100 squares.
When total prizes paid out exceed $250*100 ($25,000), you've got +EV. If that total is just pennies over $25k, then you've got pennies of EV, divided by 100. Note that refunding "bad numbers" does not make you more likely to win than anyone else who buys a square. |
#5
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Re: Ok now figure this one out!
Also, if you plan on selling the car you can figure in some amount for time and effort for that chore. If it were me, I would not be interested.
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#6
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Re: Ok now figure this one out!
The go from 17k - 24k. So it really depends on the amount. If it is +EV, which I doubt, it's only a little. It's really just a creative way for this guy to unload his wife's car.
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