The Answer Will Surprise You
In the last cell (last row, last column), the result is -100%. With a 45% win-ratio & 2:1 profit/loss ratio, how did you arrive at -100% conclusion?
Does it have something to do with compounded nature of the bets? I feel I am missing something.
Yes
ROI = (1+gain%)^wins * (1-loss%)^losses
= 2^45 * .5^55 - 1
Does that clarify?
Yes, that clarifies it. Thank you for the quick response.
Lovely article. Thank you for sharing.
Thanks
In the last cell (last row, last column), the result is -100%. With a 45% win-ratio & 2:1 profit/loss ratio, how did you arrive at -100% conclusion?
Does it have something to do with compounded nature of the bets? I feel I am missing something.
Yes
ROI = (1+gain%)^wins * (1-loss%)^losses
= 2^45 * .5^55 - 1
Does that clarify?
Yes, that clarifies it. Thank you for the quick response.
Lovely article. Thank you for sharing.
Thanks