Post
Topic
Board Gambling
Re: MoneyPot.com -- The Social Gambling Game
by
scottybweyy
on 14/10/2014, 23:50:11 UTC
As always, nice work Doog.

I'm not convinced it's right, because it's not clear how to say that part of the bonus pool you expect to get if you win or lose. I think I would prefer to see the calculator ignore the bonus completely, since it's almost a zero sum game.

I agree, I'lll change it to be zero sum for the house (instant crash in 1 in 101 games, as opposed to 1 in 100) and we can really simplify the calculator and calculations.

Yea thanks Doog!

It's definitely not very intuitive for such a simple game looking at the equations. I took a crack for 25k bet amount @ 1.21x after seeing the example  calculations and factoring out the bonus. Let me know if you concur Eric/Doog.

b = player bet
m = player multiplier
probCrashing = 0.01 + (1 - 0.99/(m-0.01))

winProb = 1 - probCrashing = 1 - (0.01 + (1 - 0.99/(m-0.01)))
expRet = expHouseWinAmount - expHouseLossAmount = (b*((1 - 0.99/(m-0.01)))) - (b*(m-1)*(1/m))

winProb = 0.815
expRet = 36.157