Best way to calculate units won and units lost???

[Trampled Underfoot]

ahhhhhhhhhhh GW.........I knew you wouldn't get it:mj07: :mj07:

:mj07:

 

[kickserv]

A classic thread with some "long lost Madjack legends" and rock solid discussion regarding math.



Oh and I'll say it again, decimal format is the way to go, and I still do my "profits/losses math" the same way, I have never changed. And from looking at others in this thread, they never changed either. It is what you are used to I guess, no right or wrong way to calculate? Or is there?

 

[Old School]

personally, my best method of calculation, is comparing amount deposited to amount withdrawn (either that, or need to find all the scraps of paper that have fallen where they may)..


but.............................. Do want to comment on a method of calculation that does NOT work. (Koty's dad could go into much more detail on this, but i will go with the basics instead) %%%%%%%%%%%%%%????????????????? how in the HELL can one calculate anything accurately on percentages????

BASIC example:

your bankroll $1000

day one, you lose 30%......


currently you have 1000-300= for a total bankroll of $700 remaining!


day 2, you lose 30% again......

currently you have 700-210= for a total bankroll of $590.00

day 3, you lose 30% AGAIN (is it time to QUIT yet)

currently you have 590-177 = for a new total bankroll of $413.00

MOST COOL NOW!!!!!!!!!!!!! you feel REALLY lucky tonight and put a total of 100% of your bankroll on the line!!!


woooooo hooooo 413+413= 826 ........ hmmmmmm still under the 1000 that you started with, but you have only lost 90% on plays and gained 100%......so you can say that you are up 10%

imagine how easy it is for *someone* to fudge how they are doing by using percentages........

you need a spreadsheet to prove ANYTHING

make your own plays people

Blast from the Past
BahamaMama gone but never forgotten

 

[yyz]

Seems like a hundred years ago......

 

[EXTRAPOLATER]

Is this thread on candid camera?

 

[Snafu]

A classic thread with some "long lost Madjack legends" and rock solid discussion regarding math.



Oh and I'll say it again, decimal format is the way to go, and I still do my "profits/losses math" the same way, I have never changed. And from looking at others in this thread, they never changed either. It is what you are used to I guess, no right or wrong way to calculate? Or is there?

Good advice, decimals are easiest way to keep it simple, like:

World Championship - Play Offs - Quarter-finals
Canada 1.05 = -2000 ( to win $100 )
Denmark 11.00 = +1000 (to bet $100 )

You just need to reduce original bet amount in decimals, so betting on Denmark would have been profit of +1000 with $100 bet.