Kutay
University
Hey guys, i have a question which is bugging me its fromt an assignment but just not sure if doing this right...
"details" --->Chances of winning a "terne" ( 3 winnings numbers out of 5 pick'd from 90 avaiable) = 1 in 11748 with Return per uni bet = 5500
The question i have a problem with is finding the "house margin" on this
I am not sure what the price would be for this question i tried using 5501 and get a HM of 50% which i think is wrong and tried doing it by 11749 and get 0.1%...?
is there something i am doing wrong?
Thank you in advance Kutay
"details" --->Chances of winning a "terne" ( 3 winnings numbers out of 5 pick'd from 90 avaiable) = 1 in 11748 with Return per uni bet = 5500
The question i have a problem with is finding the "house margin" on this
I am not sure what the price would be for this question i tried using 5501 and get a HM of 50% which i think is wrong and tried doing it by 11749 and get 0.1%...?
is there something i am doing wrong?
Thank you in advance Kutay
Last edited: