Fantasy Gambling Challenge Week 2 - Page 8

**Dartgod** · 09-20-2005, 09:28 PM

Quote:

Originally Posted by bunnytrdr

I thought it might be interesting to know what the houses cut is todate.

I calculated, that their were 55 players to start.

55x10K=550k to start with.

There is still a total of 541,623 at the table, so the Houses take so far would be 8377.00 Dollars.

Not too shabby house.

Don't forget the vig on winning bets. Not sure what that is, but I don't think you factored that in.

Gaz · 09-21-2005, 05:43 AM

Since I can only bet $15,000 per game, I find myself with an embarrassment of funds. Can I set up a loansharking business? You know, loan my excess capacity to lesser gamblers at an outrageous interest rate?

It seems to be in keeping with the whole “vig” concept.

xoxo~
Gaz
Putting his money to work.

Calcountry · 09-22-2005, 03:28 PM

Quote:

Originally Posted by Dartgod

Don't forget the vig on winning bets. Not sure what that is, but I don't think you factored that in.

Its factored, in the fact that the house has paid out moneys, that have been counted in the total. The vig simply reduces the amount of payout or cost of running the room.

I took the sum of all money still in the game, its a closed system, so it is easy to see if the house is making or losing money.

Sum< than at the beginning = profit for house.

**BigRedChief** · 09-21-2005, 01:28 PM

Wasn't UT Chief a past Champ?

**Dartgod** · 09-21-2005, 01:41 PM

Quote:

Originally Posted by BigRedChief

Wasn't UT Chief a past Champ?

Quote:

Originally Posted by Dartgod

We had our first casualty of the season. Last years winner, UTChief, is no more.

Yes

09-21-2005, 05:43 AM	#2
Gaz Defense Homer Join Date: Aug 2000 Location: Rancho Gaz Casino cash: $10010793	Brother, can you spare a dime? Since I can only bet $15,000 per game, I find myself with an embarrassment of funds. Can I set up a loansharking business? You know, loan my excess capacity to lesser gamblers at an outrageous interest rate? It seems to be in keeping with the whole “vig” concept. xoxo~ Gaz Putting his money to work.
Posts: 5,911

09-21-2005, 01:28 PM	#4
BigRedChief Has a particular set of skills Join Date: Dec 2003 Location: On the water Casino cash: $2659627 VARSITY	Wasn't UT Chief a past Champ? __________________ Time is worth more than money.
Posts: 79,292