Two Plus Two Older Archives  

Go Back   Two Plus Two Older Archives > General Gambling > Probability

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #1  
Old 11-22-2005, 03:48 AM
Guest
 
Posts: n/a
Default Easy Question, then the Pain Begins..

Anyone that can answer these two problems for me I will gladly name my first born after you.

The first question is relatively easy:

For a bet with a 33% chance of success (2/1) such as choosing the correct number to appear on a 3 sided die, if I was given odds of 21/10 for this bet what size bankroll would I need to ensure a 95% degree of certainty that I would not go broke.

The second question:

If the EV for a given bet is known (like in the above 2/1 vs. 21/10 example)what other variables need to be known to determine the bankroll to ensure a 95% degree of certainty that you would not go broke.

How does this formula to determine the bankroll change when there is a range of bets each with differnt EV's?


Hopefully this is enough information, if you need any clarication or questions answered, please post or PM me.

Thankyou in advance.
Reply With Quote
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 05:11 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.