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What Are the Chances of Returns In 1Xbet Id?

This post by 1Xbet Id is the third in a series about the Kelly criterion and how it can be used to bet on sports. Part 1 gives an overview of the Kelly criterion and shows how it works with an example. Part 2 gives a simple derivation. This post adds the chance of getting a refund to the Kelly criterion. Before moving on, you should read Part 1 and Part 2 first.

Introduction

Remember from Part 2 that the Kelly betting scheme has two variables: p, which is the chance that an outcome will happen, and q, which is the chance that the outcome won't happen. If you bet on this result, you think you will win p times out of q and lose q times out of p.

Keep in mind that q is defined as 1 - p so that p+q = 1. This means that you can only win or lose: there is no other choice. There are, however, bets where it is possible to get your money back. There are three possible results in this case, and p + q 1. This post will show that the Kelly criterion only needs a small change to allow for the chance of a refund.

When Is It Possible To Get A Refund?

There is a good chance of getting a refund for sports like:

Notation

This post follows the same format as Part 1 and Part 2. Let:

In this post, I talk about a new variable. Let j = the chance you think you'll get a return (where 0 j 1 and p + q + j = 1)

Including The Chance of Getting Your Money Back

Now, there are three possible results in the Kelly betting system:

After making one bet, the account amount can be one of three things:

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