Chapz
Chapz
Joined: Feb 26, 2020
  • Threads: 6
  • Posts: 33
March 4th, 2021 at 7:42:01 PM permalink
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%
unJon
unJon 
Joined: Jul 1, 2018
  • Threads: 14
  • Posts: 3010
Thanks for this post from:
Chapz
March 4th, 2021 at 8:04:56 PM permalink
Quote: Chapz

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%



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.

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