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Whats the gamble formula

User Manikanta P
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14 votes

Gambling formula

is the fraction of the current bankroll to wager. is the probability of a win. is the probability of a loss ( ). is the proportion of the bet gained with a win. E.g. If betting $10 on a 2-to-1 odds bet, (upon win you are returned $30, winning you $20), then .

hope it helps..!!!

User Jason Allen
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