Rounding Down of Vig on Lay Bets
March 4th, 2021 at 7:42:01 PM
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A casino rounds down a $78 lay bet on 4 or 10 to $1 vig paid upfront from $1.95.
What is the effective house edge?
1/(79+39) =0.8474%
Or
1/79 = 1.27%
What is the effective house edge?
1/(79+39) =0.8474%
Or
1/79 = 1.27%
March 4th, 2021 at 8:04:56 PM
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Quote: ChapzA casino rounds down a $78 lay bet on 4 or 10 to $1 vig paid upfront from $1.95.
What is the effective house edge?
1/(79+39) =0.8474%
Or
1/79 = 1.27%
Latter is the house edge per bet resolved.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
