Gamble Calculator: Difference between revisions
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** Quote: 0.4865 | ** Quote: 0.4865 | ||
The result will show that you will loose (in the end) in all cases. See below. | The result will show that you will loose (in the end) in all cases. See below. | ||
|- | |- | ||
| [[File:Gamble-2-Roulette.png|thumb|1049px|center| ]] | | [[File:Gamble-2-Roulette.png|thumb|1049px|center| ]] | ||
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| Suppose the winner of the Soccer World Champignons is Brasil (quote: 1.85) or Germany (quote: 2.54). Now you can always win by: | | Suppose the winner of the Soccer World Champignons is Brasil (quote: 1.85) or Germany (quote: 2.54). Now you can always win by: | ||
So you enter the following data: | |||
* Gamble 1: Entering the data for Brasil | |||
** Stake: 1.35, which is your bet amount (dollars, euros). | |||
** Quote 1.85, which is the european quote. Your repay is 1.85 times your Stake. | |||
* Gamble 2: Entering the data for Germany | |||
** Stake: 1.00 | |||
** Quote: 2.54 | |||
|- | |- | ||
| [[File:Gamble-2-BrasilGermany.png|thumb|1049px|center| ]] | | [[File:Gamble-2-BrasilGermany.png|thumb|1049px|center| ]] | ||
|- | |- | ||
| | | The results is that | ||
* When Brasil wins you get a profit of 0.15 | |||
* When Germany wins you get a profit of 0.19 revenue on your total stake of 2.35. | |||
So in both cases you win a little money. When you higher the stake by multiplying both stakes with the same number, the profit also increase with the same multiplier. | |||
|} | |} | ||
Revision as of 20:03, 7 August 2015
The Gamble Calculator calculates the revenues when betting on:
- A 2-way win, either A or B win, no alternatives.
- A 3-way win, A wins, draw or B wins.
The user gives the stakes and the odds and the website calculates the result (win or lose).
2-way
The Wrong idea
 |
| The idea is to enter 2 bets, One for winning, one for loosing, i.e. the change for red or black on roulette. [1]
You enter:
The result will show that you will loose (in the end) in all cases. See below. |
 |
So that's is not the way to win and shows where this calculator is not helping you.
The Right idea
Now an example which shows how to do it right.
| Suppose the winner of the Soccer World Champignons is Brasil (quote: 1.85) or Germany (quote: 2.54). Now you can always win by:
So you enter the following data:
|
 |
The results is that
So in both cases you win a little money. When you higher the stake by multiplying both stakes with the same number, the profit also increase with the same multiplier. |
3- way
Works exactly the same as the 2-way but has one more option a draw as result.
See also
Reference
- ↑ Roulette: Red or Black: I know those changes are 18/37 for each color and 1/37 for zero (European Roulette) and 18/38 and 1/38 (American Roulette).