💬 General Chat 💬
I thought it was only me you spoke to like that
rake is 10% in the exec leagues so $40 of your $400. if you are assuming normal distribution of equity you are approx .7% to win multiple leagues if you enter 2. Obviously that goes up with more entries into exec leagues.
the risk of overlap is fairly low, and if you do "win" 2 leagues that means your ROI was so high you probably won't even notice the lost revenue
https://stattrek.com/online-calculator/binomial
Cumulative probability: P(X>1) 0.0372
all you have to do is substitude the number of leagues you are in for the number of trials
Those numbers aren't entirely accurate
you are my true love strawberry
for the sake of a ballpark i think it's fine
If you're me it's probably less
yeah that's why i chose just random equity
let me do yours
Cumulative probability: P(X>1) 0
ouch bro
Lmao
even dusty's is very low
Cumulative probability: P(X>1) 0.0968
but anyway
you are talking about a 2% chance to lose $480
which is the equivalent of ~$10 in unrealized equity @SauciestNugs
aka a 2.5% rake on $400 compared to the 10% tariffs
plus you also have to consider there's a finite number of $200+ leagues
and dusty is in every one he can find
I was in 5? Execs last year & won zero. Probably my worst leagues. Placed in a couple so not a complete loss but was better off in regular Costco leagues.