Quote:
Originally Posted by IHasTehNutz
(amount of bet - 2% rake)/buy-in = odds of winning
So a $1 bet would have a 89% chance to get you into a $1.10 tourney. ($1 - $0.02)/$1.10 = .8909
That same $1 bet would have a 0.9% chance to get you into a $109 tourney. ($1 - $0.02)/$109 = .00899
The Hail Mary of spins right now is the one cent bet for entry into the $1 mil GTD.
(0.01 - 0.0002)/$540 = .000018148
(Slot Wager - Slot Hold) / Event Entry = Chance to Win
So "Slot Hold" is the 2% rake from whatever wager you're dumping into the site whether it be $0.01, $0.25, or $1?
Say I'm spinning for $0.25, and trying to win entry into a $44 tournament. This should be true then, correct, if what you're explaining is accurate:
$0.25 * 2% = $0.005, therefore [($0.25-$0.005)/$33]*100 = 0.742%
Thanks for showing us the math. I was wondering what the OP was referring to when they mentioned "Slot Hold."
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On another note, am I the only one who's made at least 50 spins and not won a single ticket yet? Granted I've only wagered pennies and quarters, I figured I would've hit something by now.