Difference between revisions of "Gamble Calculator"
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== 2-way == | == 2-way == | ||
| − | [[File:InternetGamble-2.png]] | + | === The Wrong idea === |
| + | {| class="wikitableharm" width="1050px" style="border:none;" | ||
| + | |- | ||
| + | | [[File:InternetGamble-2.png|thumb|1049px|center| ]] | ||
| + | |- | ||
| + | | The idea is to enter 2 bets, One for winning, one for loosing, i.e. the change for red or black on roulette. <ref>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).</ref> | ||
| + | You enter: | ||
| + | * Gamble 1: | ||
| + | ** Stake: 1 | ||
| + | ** Quote: 0.4865 | ||
| + | * Gamble 2: | ||
| + | ** Stake 1 | ||
| + | ** Quote: 0.4865 | ||
| + | The result will show that you will loose (in the end) in all cases. See below. | ||
| + | |- | ||
| + | | 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 | ||
| + | The results is that when Brasil wins you get a profit of 0.15 and if Germany wins you get a profit of 0.19 revenue on your total stake of 2.35. | ||
| + | |||
| + | |- | ||
| + | | [[File:Gamble-2-Roulette.png|thumb|1049px|center| ]] | ||
| + | |} | ||
| + | |||
| + | 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. | ||
| + | |||
| + | {| class="wikitableharm" width="1050px" style="border:none;" | ||
| + | |- | ||
| + | | Suppose the winner of the Soccer World Champignons is Brasil (quote: 1.85) or Germany (quote: 2.54). Now you can always win by: | ||
| + | |- | ||
| + | | [[File:Gamble-2-BrasilGermany.png|thumb|1049px|center| ]] | ||
| + | |- | ||
| + | | | ||
| + | |} | ||
== 3- way == | == 3- way == | ||
Revision as of 19:54, 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 you enter the following data:
The results is that when Brasil wins you get a profit of 0.15 and if Germany wins you get a profit of 0.19 revenue on your total stake of 2.35. |
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: |
3- way
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).
