Hi, trying to derive a formula for the calculation of profit as one site.

On the website put a bet on a certain percentage of victory, more risk more profit and deducted the Commission from the rate, like 0.01% as I understand it, this is not accurate.

Case studies:

rate => 100

winning percentage => 100

profit => -0.1

rate => 100

winning percentage is => 95

profit => 5.1578

rate => 100

winning percentage => 90

profit => 11

rate => 100

winning percentage => 50

profit => 99.8

rate => 100

winning percentage => 15

profit => 566

rate => 100

winning percentage is => 5

profit => 1898

rate => 100

winning percentage => 1

profit => 9890

I don't quite catch what affects the result because the formula which I deduced, are suitable only for 1 case.

On the website put a bet on a certain percentage of victory, more risk more profit and deducted the Commission from the rate, like 0.01% as I understand it, this is not accurate.

Case studies:

rate => 100

winning percentage => 100

profit => -0.1

rate => 100

winning percentage is => 95

profit => 5.1578

rate => 100

winning percentage => 90

profit => 11

rate => 100

winning percentage => 50

profit => 99.8

rate => 100

winning percentage => 15

profit => 566

rate => 100

winning percentage is => 5

profit => 1898

rate => 100

winning percentage => 1

profit => 9890

I don't quite catch what affects the result because the formula which I deduced, are suitable only for 1 case.

asked March 23rd 20 at 19:35

2 answers

answered on

Solution

like so:

profit = bet * (( 100% / victory% ) - 1) * ( 100% - Commission% )

and the Commission here like 0.1%

Check, I'm too lazy to check all the cases.

Upd. with the Commission is not quite clear :) it Seems that the Commission is taken as a percentage of the winnings but if the winnings are zero, then the Commission is taken as a percentage rate.

profit = bet * (( 100% / victory% ) - 1) * ( 100% - Commission% )

and the Commission here like 0.1%

Check, I'm too lazy to check all the cases.

Upd. with the Commission is not quite clear :) it Seems that the Commission is taken as a percentage of the winnings but if the winnings are zero, then the Commission is taken as a percentage rate.

answered on March 23rd 20 at 19:39

the nonsense here is what is written. 2 the last case the same conditions and different profit

fixed commented on March 23rd 20 at 19:42

Find more questions by tags Mathematics

I did

bet * (100m / percent - 1m) - bet * 0.001 m

we got what you need.

The mathematical expectation of this formula -5% like normal :) - isom_Maye commented on March 23rd 20 at 19:40