From: Doug Jones (random@qnet.com)
Date: Fri Oct 29 1999 - 14:04:16 MDT
Maurice Uzick wrote:
>
> Lee, I agree wholeheartedly I will even share the bank with you but please
> explain the math. The bet is $100 to 10cents where does the 0.24 cents come
> from?.........Murray
2^10 = 1024, $100 = 1000 dimes, I think Lee conflated the 1024 and the
1000 to get 24. 1023 times out of 1024 the bet returns $.10, once it costs
$100, net is $2.30 over all bets, 0.22461 cents "profit" per bet.
-- Doug Jones Rocket Plumber, XCOR Aerospace http://www.xcor-aerospace.com
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