Reading Applications of no limit holdem and stuck on page 35. I havent done algebra in ages. Its embarrasing but would appreciate help understand how to arrive at .667
(1-x)(1-0.03)^2 = .667
is this the same as
(1-x)(1-.03)(1-.03)
or is it
(1-x)(.97)^2
feel dumb asking but would really like to understand thank you