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chthonic, Thu 31 Jul 2008, 16:57)
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@GreencloudThose bets pay out 2-1, with odds of 12 in 37, or 1 in 3.08333 or 2.083333 against.
Expected result: (12/37 x 2) - 25/37 = lose 0.27 times your stake.
If you play two at once, you have a 24 in 37 chance of going half your total stake up (2 units won, 1 unit back, 1 unit lost) and a 13 in 37 chance of losing your total stake.
Expected result: (24/37 x 0.5) - 13/37 = lose 0.27 times your total stake.
In other words, you can't beat probability.
(, Tue 5 Aug 2008, 14:45, Reply)
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