• Forums
  • Best Betting Sites
  • Sportsbook Promos
  • Best Sports Betting Apps
  • NFL Betting Forum
  • NBA Betting Forum
  • MLB Betting Forum
  • NHL Betting Forum
  • NCAAF Betting Forum
  • NCAAB Betting Forum
  • Soccer Betting Forum
  • Tennis Betting Forum
  • General Discussion
  • Help Forum
  • Guidelines
  • FAQ
  • Forum Updates
    Covers Logo
    Covers App
    Faster picks. Smarter bets.
    All in the NEW Covers App
    Download on the App Store Download on the Google Play Store
    • Sports
      • NFL
        • Back
        • NFL
        • NFL Home
        • Scores & Matchups
        • Prop Projections
        • NFL Picks
        • Weather
        • Injuries
      • NCAAF
        • Back
        • NCAAF
        • NCAAF Home
        • Scores & Matchups
        • Prop Projections
        • NCAAF Picks
        • Weather
        • Injuries
      • NBA
        • Back
        • NBA
        • NBA Home
        • Scores & Matchups
        • Prop Projections
        • NBA Picks
        • Injuries
      • NCAAB
        • Back
        • NCAAB
        • NCAAB Home
        • Scores & Matchups
        • NCAAB Picks
        • Injuries
      • MLB
        • Back
        • MLB
        • MLB Home
        • Scores & Matchups
        • Prop Projections
        • MLB Picks
        • Weather
        • Injuries
      • NHL
        • Back
        • NHL
        • NHL Home
        • Scores & Matchups
        • Prop Projections
        • NHL Picks
        • Injuries
      • Soccer
      • UFC
      • WNBA
        • Back
        • WNBA
        • WNBA Home
        • Scores & Matchups
        • WNBA Picks
        • Injuries
      • CFL
        • Back
        • CFL
        • CFL Home
        • Scores & Matchups
        • CFL Picks
      • Golf
        • Back
        • Golf
        • Golf Home
        • Golf Odds
        • Masters Odds
        • PGA Championship Odds
        • US Open Odds
        • British Open Odds
        • Ryder Cup Odds
        • Golf Picks
    • Odds
      • All Odds
      • NFL
      • NCAAF
      • NBA
      • NCAAB
      • MLB
      • NHL
      • Golf
      • Soccer Odds
        • Back
        • Soccer Odds
        • MLS Odds
        • Champions League Odds
        • Premier League Odds
      • UFC
      • WNBA
      • CFL
      • Election Odds
      • Futures
        • Back
        • Futures
        • NFL
        • NBA
        • MLB
        • NHL
        • NCAAB
        • NCAAF
      • Sports Odds History
    • Picks
      • All Picks
      • NFL
      • NBA
      • NHL
      • MLB
      • NCAAF
      • NCAAB
      • Golf
      • WNBA
      • CFL
      • User Picks
      • Team User Picks
      • Consensus Picks
        • Back
        • Consensus Picks
        • All Consensus Picks
        • NFL
        • NBA
        • NHL
        • MLB
        • NCAAF
        • NCAAB
        • CFL
        • WNBA
        • Consensus FAQ
        • Public Money
    • Prop Projections
      • NFL
      • NBA
      • MLB
      • NHL
    • Betting
      • US Betting Sites
      • Canada Betting Sites
      • Sportsbook Reviews
      • States
        • Back
        • States
        • US Legal Tracker
        • Revenue Tracker
        • Arizona
        • Arkansas
        • California
        • Colorado
        • Connecticut
        • DC
        • Florida
        • Georgia
        • Illinois
        • Indiana
        • Iowa
        • Kansas
        • Kentucky
        • Louisiana
        • Maine
        • Maryland
        • Massachusetts
        • Michigan
        • Mississippi
        • Missouri
        • Nevada
        • New Hampshire
        • New Jersey
        • New York
        • North Carolina
        • Ohio
        • Oregon
        • Pennsylvania
        • Tennessee
        • Texas
        • Vermont
        • Virginia
        • West Virginia
        • Wyoming
      • Provinces
        • Back
        • Provinces
        • Alberta
        • British Columbia
        • Manitoba
        • New Brunswick
        • Newfoundland and Labrador
        • Northwest Territories
        • Nova Scotia
        • Nunavut
        • Ontario
        • Prince Edward Island
        • Quebec (English)
        • Quebec (francais)
        • Saskatchewan
        • Yukon
      • By Sport
        • Back
        • By Sport
        • Baseball
        • Basketball
        • Boxing
        • College Football
        • F1
        • Football
        • Super Bowl
        • Golf
        • Hockey
        • Horse Racing
        • March Madness
        • Soccer
        • UFC
        • World Cup
      • Betting Apps
        • Back
        • Betting Apps
        • Best Sports Betting Apps USA
        • Ontario Sports Betting Apps
      • Rest of World
        • Back
        • Rest of World
        • UK Betting Offers
          • Back
          • UK Betting Offers
          • UK Betting Sites
          • bet365 Bonus Code UK
          • 888Sport Promo Code UK
          • William Hill Sign up Offer
          • Betway Sign up Offer
          • BetVictor Bonus Code UK
      • Betting Guides
        • Back
        • Betting Guides
        • All Guides
        • Glossary
        • Betting Calculators
          • Back
          • Betting Calculators
          • Odds Converter
          • Parlay Calculator
        • Futures Betting Guide
        • Moneyline Betting Guide
        • Over/Under Betting Guide
        • Parlay Betting Guide
        • Point Spread Betting Guide
        • Prop Betting Guide
        • Sports Betting Guides
          • Back
          • Sports Betting Guides
          • How To Bet On Sports Guide
          • NFL Betting Guide
          • NHL Betting Guide
          • NBA Betting Guide
          • MLB Betting Guide
          • NCAAB Betting Guide
          • NCAAF Betting Guide
          • Golf Betting Guide
          • Tennis Betting Guide
        • Teaser Betting Guide
      • Betting News
        • Back
        • Betting News
        • All News
        • Industry News
        • Podcasts
        • Covers Videos
        • Covers Writers
        • Offers & Boosts
    • Promos
      • Sportsbook Promos
      • Canada Sportsbook Promos
      • Bonuses By Sportsbook
        • Back
        • Bonuses By Sportsbook
        • bet365 Bonus Code
        • BET99 Promo Code
        • BetMGM Bonus Code
        • BetRivers Bonus Code
        • Caesars Sportsbook Promo
        • DraftKings Promo Code
        • Fanatics Sportsbook Promo
        • FanDuel Promo Code
        • Hard Rock Bet Promo Code
        • Sports Interaction Promo
        • Stake Promo Code
        • theScore Bet Promo Code
        • TonyBet Promo Code
      • Bonuses By Region
        • Back
        • Bonuses By Region
        • Arkansas Promos
        • Arizona Promos
        • Colorado Promos
        • Connecticut Promos
        • DC Promos
        • Illinois Promos
        • Indiana Promos
        • Iowa Promos
        • Kansas Promos
        • Kentucky Promos
        • Louisiana Promos
        • Maine Promos
        • Maryland Promos
        • Massachusetts Promos
        • Michigan Promos
        • Missouri Promos
        • New Jersey Promos
        • New York Promos
        • North Carolina Promos
        • Ohio Promos
        • Pennsylvania Promos
        • Tennessee Promos
        • Vermont Promos
        • Virginia Promos
        • West Virginia Promos
        • Wyoming Promos
    • Forum & Contests
      • All Forums
      • NFL Betting Forum
      • MLB Betting Forum
      • NCAAB Betting Forum
      • NCAAF Betting Forum
      • NBA Betting Forum
      • NHL Betting Forum
      • Soccer Betting Forum
      • Contests
        • Back
        • Contests
        • Contests Home
        • Streak Survivor
        • King of Covers
        • My Contests
    • Casino
      • Sweepstakes Casino
        • Back
        • Sweepstakes Casino
        • Sweepstakes Casino
        • Sweepstakes No-Deposit Bonuses
        • Sweepstakes Promos
          • Back
          • Sweepstakes Promos
          • Card Crush
          • Casino.click
          • Chanced Casino
          • Crown Coins Casino
          • FreeSpin Casino
          • LoneStar
          • McLuck
          • Mega Bonanza Casino
          • PlayFame
          • Pulsz
          • Stake.us
      • US Casinos
        • Back
        • US Casinos
        • US Online Casinos
        • US Online Casino Bonuses
        • Casino Promos
          • Back
          • Casino Promos
          • bet365 Casino Promo Code
          • BetRivers Casino Promo
          • Borgata Casino Bonus Code
          • Caesars Casino Bonus Code
          • DraftKings Casino Promo
          • Fanatics Casino Promo
          • FanDuel Casino Promo Code
          • Golden Nugget Casino Promo
          • Hard Rock Bet Casino Promo
          • Hollywood Casino Promo Code
      • Canada Casinos
        • Back
        • Canada Casinos
        • Canada Online Casinos
        • Provinces
          • Back
          • Provinces
          • Alberta Online Casino
          • BC Online Casino
          • Ontario Online Casinos
        • Casino Promos
          • Back
          • Casino Promos
          • BC.GAME Bonus Code
          • Cloudbet Promo Code
          • RainBet Promo Code
          • Roobet Promo Code
          • Shuffle Promo Code
          • Thrill Promo Code
    • Prediction Markets
      • Prediction Markets
      • Prediction Market Apps
      • Prediction Market Promos
      • Kalshi Promo Code
      • Polymarket Promo Code
      • DraftKings Predictions Promo Code
      • Novig Promo Code
      • ProphetX Promo Code
      • Underdog Promo Code
      • OG Promo Code
      • Fanatics Markets Promo Code
      • Plus500 Promo Code
    • NFL Week 2
      NFL Week 2
      • NFL Odds
      • NFL Picks
      • Lions-Bills Early Leans
      • Early Survivor Picks
      • NFL Prediction Markets
      • NFL Betting Sites
    Covers Account
    Log in Create account
    Join free Log in
    All Forums | General Discussion

    Question for the mathematician out there...

    12 Next Last»
    SteelCash
    mattbrot
    Halvsies
    ClubDirt
    Raiders22
    ...
    Participants:
    Search model icon
    Views: 2056
    Posts: 37
    12 Next Last»
     
    SteelCash
    SteelCash
    Captain
    Participation Meter
    Joined: Oct, 2006
    Posts: 5605
    Posted: Nov. 20, 2014 - 10:34 AM ET #1

    How do you calculate percentage increases with negatives involved?  For example, I took my bankroll from -$91 to $240.  What percent increase is that?

    Thanks in advance.


    Reply
    Quote Post
    0
    Report User
    To remove first post, remove entire topic.
    How do you calculate percentage increases with negatives involved?  For example, I took my bankroll from -$91 to $240.  What percent increase is that?

    Thanks in advance.


     
    mattbrot
    mattbrot
    Captain
    Participation Meter
    Joined: Jan, 2005
    Posts: 6840
    Posted: Nov. 20, 2014 - 10:52 AM ET #2

    like anyone can even know that
    Reply
    Quote Post
    0
    Report User
    like anyone can even know that
     
    Halvsies
    Halvsies
    Rookie
    Participation Meter
    Joined: Oct, 2013
    Posts: 816
    Posted: Nov. 20, 2014 - 10:57 AM ET #3

    Is it possible to have a negative bankroll? Either you have one or you don't. How can you bet any money if you don't have a bankroll?

    You started a new bankroll and you are now up to $240.

    NEXT!.........

     

    Reply
    Quote Post
    0
    Report User

    Is it possible to have a negative bankroll? Either you have one or you don't. How can you bet any money if you don't have a bankroll?

    You started a new bankroll and you are now up to $240.

    NEXT!.........

     

     
    ClubDirt
    ClubDirt
    Hall of Fame
    Participation Meter
    Joined: May, 2003
    Posts: 28196
    Posted: Nov. 20, 2014 - 2:32 PM ET #4

    it's obviously not a traditional percentage increase due to the negative number but as degenerate gamblers we can safely say this is a 363.7% increase in absolute terms.


    Reply
    Quote Post
    0
    Report User
    it's obviously not a traditional percentage increase due to the negative number but as degenerate gamblers we can safely say this is a 363.7% increase in absolute terms.


     
    Raiders22
    Raiders22
    Legend
    Participation Meter
    Joined: Dec, 2010
    Posts: 33841
    Posted: Nov. 20, 2014 - 3:02 PM ET #5

    This simplifies it somewhat---just remember the   l-91l   is the absolute value of -91 etc.

    [ ((V2 - V1) / |V1|) * 100 ]

    = ((240 - -91) / |-91|) * 100
    = (331 / 91) * 100
    = 3.637363 * 100
    = 363.7363% change

    = 363.7363% increase

    Reply
    Quote Post
    0
    Report User

    This simplifies it somewhat---just remember the   l-91l   is the absolute value of -91 etc.

    [ ((V2 - V1) / |V1|) * 100 ]

    = ((240 - -91) / |-91|) * 100
    = (331 / 91) * 100
    = 3.637363 * 100
    = 363.7363% change

    = 363.7363% increase

     
    FiatLux4
    FiatLux4
    Rookie
    Participation Meter
    Joined: Jan, 2014
    Posts: 703
    Posted: Nov. 20, 2014 - 3:13 PM ET #6

    Club and Raiders are bang on.
    Reply
    Quote Post
    0
    Report User
    Club and Raiders are bang on.
     
    BigGame90
    BigGame90
    Captain
    Participation Meter
    Joined: Oct, 2006
    Posts: 5069
    Posted: Nov. 20, 2014 - 4:02 PM ET #7

    -91 to 0 one turn(100%)
    0 to 91 two turn(200%)
    91 to 182 three turn(300%)
    182 to your current number
     Three full turnarounds =300%
    then calculate the change. 58/91=64%
    364%

    Don't mess around with the crazy equations, you'll drive yourself crazy. Do it my way and fail algebra even though you got the same answer in a third of the time and don't have to remember the crazy equation.

    Reply
    Quote Post
    0
    Report User
    -91 to 0 one turn(100%)
    0 to 91 two turn(200%)
    91 to 182 three turn(300%)
    182 to your current number
     Three full turnarounds =300%
    then calculate the change. 58/91=64%
    364%

    Don't mess around with the crazy equations, you'll drive yourself crazy. Do it my way and fail algebra even though you got the same answer in a third of the time and don't have to remember the crazy equation.

     
    SteelCash
    SteelCash
    Captain
    Participation Meter
    Joined: Oct, 2006
    Posts: 5605
    Posted: Nov. 20, 2014 - 6:37 PM ET #8

    Interesting.  I'm a numbers guy and this stuff is good to know. 

    I thought the response would be something like "That's impossible to figure out.  It's like going from zero to 100."

    Again, good stuff guys.  When I get to $5,000 I'll come back just to get a pat on the back.


    Reply
    Quote Post
    0
    Report User
    Interesting.  I'm a numbers guy and this stuff is good to know. 

    I thought the response would be something like "That's impossible to figure out.  It's like going from zero to 100."

    Again, good stuff guys.  When I get to $5,000 I'll come back just to get a pat on the back.


     
    -29-
    -29-
    Veteran
    Participation Meter
    Joined: May, 2009
    Posts: 3307
    Posted: Nov. 20, 2014 - 6:53 PM ET #9

    Quote Originally Posted by mattbrot:

    like anyone can even know that



     I'm not surprised to hear you say that, as grasping even basic mathematical properties has always been elusive for democrats.
    Reply
    Quote Post
    0
    Report User
    Quote Originally Posted by mattbrot:

    like anyone can even know that



     I'm not surprised to hear you say that, as grasping even basic mathematical properties has always been elusive for democrats.
     
    Dutch1976
    Dutch1976
    Veteran
    Participation Meter
    Joined: Sep, 2010
    Posts: 1933
    Posted: Nov. 20, 2014 - 7:11 PM ET #10

    Quote Originally Posted by -29-:




     I'm not surprised to hear you say that, as grasping even basic mathematical properties has always been elusive for democrats.



    You've never seen the movie Napolean Dynamite?

    Turn a movie reference into a political dig....Yawn.
    Reply
    Quote Post
    0
    Report User
    Quote Originally Posted by -29-:




     I'm not surprised to hear you say that, as grasping even basic mathematical properties has always been elusive for democrats.



    You've never seen the movie Napolean Dynamite?

    Turn a movie reference into a political dig....Yawn.
     
    MuffinThumper
    MuffinThumper
    Banned
    Participation Meter
    Joined: Sep, 2014
    Posts: 279
    Posted: Nov. 20, 2014 - 7:44 PM ET #11

    Reply
    Quote Post
    0
    Report User
     
    reppendayay
    reppendayay
    Veteran
    Participation Meter
    Joined: Apr, 2006
    Posts: 3594
    Posted: Nov. 20, 2014 - 7:46 PM ET #12

    Reply
    Quote Post
    0
    Report User
     
    mattbrot
    mattbrot
    Captain
    Participation Meter
    Joined: Jan, 2005
    Posts: 6840
    Posted: Nov. 21, 2014 - 9:13 AM ET #13

    Quote Originally Posted by -29-:




     I'm not surprised to hear you say that, as grasping even basic mathematical properties has always been elusive for democrats.

    Kewl story bro 

    However, you are massively incorrect.

    1) I am a non-partisan independent
    2) I was quoting a movie line and not attempting to be serious.
    Reply
    Quote Post
    0
    Report User
    Quote Originally Posted by -29-:




     I'm not surprised to hear you say that, as grasping even basic mathematical properties has always been elusive for democrats.

    Kewl story bro 

    However, you are massively incorrect.

    1) I am a non-partisan independent
    2) I was quoting a movie line and not attempting to be serious.
     
    esplanade
    esplanade
    Captain
    Participation Meter
    Joined: Feb, 2008
    Posts: 9021
    Posted: Nov. 21, 2014 - 2:05 PM ET #14

    Decent efforts but incorrect. Suppose you went from $5 to $240, your return would have been 4800%, and you dug yourself out of a deeper hole, so in theory your return was greater than in the first case. The -$91 is important to establish how much you increased the balance of your account, but it is in no way your basis (meaning that it is not the denominator in the computation). Those efforts were just silly. To make a meaningful computation, one would have to know your average stake.

    To further point out how ridiculous the former computations were:
    had you started at -50, these guys would have quoted you a higher %.
    Reply
    Quote Post
    0
    Report User
    Decent efforts but incorrect. Suppose you went from $5 to $240, your return would have been 4800%, and you dug yourself out of a deeper hole, so in theory your return was greater than in the first case. The -$91 is important to establish how much you increased the balance of your account, but it is in no way your basis (meaning that it is not the denominator in the computation). Those efforts were just silly. To make a meaningful computation, one would have to know your average stake.

    To further point out how ridiculous the former computations were:
    had you started at -50, these guys would have quoted you a higher %.
     
    Halvsies
    Halvsies
    Rookie
    Participation Meter
    Joined: Oct, 2013
    Posts: 816
    Posted: Nov. 21, 2014 - 5:56 PM ET #15

    OMG, this is still going on?

    How does one have a NEGATIVE bankroll? What did he bet with to get to $240? Once your bank roll goes to $0 you have NO MORE BANKROLL. Therefore, you start a new one with whatever you make your next initial bet with.....jeez!

    By the way. There are 3 kinds of lies in this world: lies, damned lies, and statistics.

    Reply
    Quote Post
    0
    Report User

    OMG, this is still going on?

    How does one have a NEGATIVE bankroll? What did he bet with to get to $240? Once your bank roll goes to $0 you have NO MORE BANKROLL. Therefore, you start a new one with whatever you make your next initial bet with.....jeez!

    By the way. There are 3 kinds of lies in this world: lies, damned lies, and statistics.

     
    rr207
    rr207
    Veteran
    Participation Meter
    Joined: Nov, 2008
    Posts: 3743
    Posted: Nov. 21, 2014 - 6:17 PM ET #16

    friggin smart 
    Reply
    Quote Post
    0
    Report User
    friggin smart 
     
    thirdperson
    thirdperson
    Captain
    Participation Meter
    Joined: Feb, 2005
    Posts: 9400
    Posted: Nov. 21, 2014 - 7:19 PM ET #17

    Halvsies is right.  After loss of entire bankroll, there is no money to gamble with.  So there must be a new deposit at sportbook.  So what is the  deposit?  Then percentage change in new bankroll can be calculated.
    Reply
    Quote Post
    0
    Report User
    Halvsies is right.  After loss of entire bankroll, there is no money to gamble with.  So there must be a new deposit at sportbook.  So what is the  deposit?  Then percentage change in new bankroll can be calculated.
     
    Kurshka
    Kurshka
    MVP
    Participation Meter
    Joined: Oct, 2008
    Posts: 19156
    Posted: Nov. 21, 2014 - 7:59 PM ET #18

    I think you are missing the point. Yes its possible to be -91 on the ledger if you are using a bookie. Its called line of credit. But Steel why is this information even remotely important to you.
    Reply
    Quote Post
    0
    Report User
    I think you are missing the point. Yes its possible to be -91 on the ledger if you are using a bookie. Its called line of credit. But Steel why is this information even remotely important to you.
     
    esplanade
    esplanade
    Captain
    Participation Meter
    Joined: Feb, 2008
    Posts: 9021
    Posted: Nov. 21, 2014 - 11:48 PM ET #19

    Quote Originally Posted by Halvsies:

    OMG, this is still going on?

    How does one have a NEGATIVE bankroll? What did he bet with to get to $240? Once your bank roll goes to $0 you have NO MORE BANKROLL. Therefore, you start a new one with whatever you make your next initial bet with.....jeez!

    By the way. There are 3 kinds of lies in this world: lies, damned lies, and statistics.



    No shizz sherlock
    Reply
    Quote Post
    0
    Report User
    Quote Originally Posted by Halvsies:

    OMG, this is still going on?

    How does one have a NEGATIVE bankroll? What did he bet with to get to $240? Once your bank roll goes to $0 you have NO MORE BANKROLL. Therefore, you start a new one with whatever you make your next initial bet with.....jeez!

    By the way. There are 3 kinds of lies in this world: lies, damned lies, and statistics.



    No shizz sherlock
     
    HutchEmAll
    HutchEmAll
    Legend
    Participation Meter
    Joined: Jan, 2004
    Posts: 38704
    Posted: Nov. 22, 2014 - 12:45 AM ET #20

    An example:

    1/1/14 - you start with $500 and lose it all AND an additional $91 by 3/31. 4/1 you reload for $500 to pay off the $91 and re-charge your balance (now $409) and turn that into $1,000.  

    Since 1/1, your bankroll was $1,000 and your current balance is $1,000. 0 percent increase. 

    Since 4/1, your bankroll was $409 and your current balance is $1,000.  You can do the math as to the percent increase (I hope).

    You always need a reference point re. stats.  And you can't bet with a negative balance....any credit extended would have to be figured into your bankroll balance. 


    Reply
    Quote Post
    0
    Report User
    An example:

    1/1/14 - you start with $500 and lose it all AND an additional $91 by 3/31. 4/1 you reload for $500 to pay off the $91 and re-charge your balance (now $409) and turn that into $1,000.  

    Since 1/1, your bankroll was $1,000 and your current balance is $1,000. 0 percent increase. 

    Since 4/1, your bankroll was $409 and your current balance is $1,000.  You can do the math as to the percent increase (I hope).

    You always need a reference point re. stats.  And you can't bet with a negative balance....any credit extended would have to be figured into your bankroll balance. 


     
    HutchEmAll
    HutchEmAll
    Legend
    Participation Meter
    Joined: Jan, 2004
    Posts: 38704
    Posted: Nov. 22, 2014 - 1:02 AM ET #21

    You could also just have paid off the $91 resulting in a loss of $591 first quarter. Then you could start over with a roll of $500 for 2nd quarter. You turn that into $1,000 and you have increased your roll 100% for 2nd quarter. 

    Even if you are betting on credit, you have to take that into account as it pertains to you bank roll when computing percentage increases because you can't bet negative $. 
    Reply
    Quote Post
    0
    Report User
    You could also just have paid off the $91 resulting in a loss of $591 first quarter. Then you could start over with a roll of $500 for 2nd quarter. You turn that into $1,000 and you have increased your roll 100% for 2nd quarter. 

    Even if you are betting on credit, you have to take that into account as it pertains to you bank roll when computing percentage increases because you can't bet negative $. 
     
    SteelCash
    SteelCash
    Captain
    Participation Meter
    Joined: Oct, 2006
    Posts: 5605
    Posted: Nov. 22, 2014 - 2:08 AM ET #22

    Quote Originally Posted by Halvsies:

    OMG, this is still going on?

    How does one have a NEGATIVE bankroll? What did he bet with to get to $240? Once your bank roll goes to $0 you have NO MORE BANKROLL. Therefore, you start a new one with whatever you make your next initial bet with.....jeez!

    By the way. There are 3 kinds of lies in this world: lies, damned lies, and statistics.



    My bookie never collects from me until I get down around -200.  Then we'll settle up.  Same goes for if I'm up.  We're not gonna meet if I'm up $50.  We'll wait til I get around $200.


    Reply
    Quote Post
    0
    Report User
    Quote Originally Posted by Halvsies:

    OMG, this is still going on?

    How does one have a NEGATIVE bankroll? What did he bet with to get to $240? Once your bank roll goes to $0 you have NO MORE BANKROLL. Therefore, you start a new one with whatever you make your next initial bet with.....jeez!

    By the way. There are 3 kinds of lies in this world: lies, damned lies, and statistics.



    My bookie never collects from me until I get down around -200.  Then we'll settle up.  Same goes for if I'm up.  We're not gonna meet if I'm up $50.  We'll wait til I get around $200.


     
    SteelCash
    SteelCash
    Captain
    Participation Meter
    Joined: Oct, 2006
    Posts: 5605
    Posted: Nov. 22, 2014 - 2:11 AM ET #23

    Quote Originally Posted by Kurshka:

    I think you are missing the point. Yes its possible to be -91 on the ledger if you are using a bookie. Its called line of credit. But Steel why is this information even remotely important to you.


    Just curious that's all.  I'm sure all of us think of things and think, "I wonder how you would figure that?"
    Reply
    Quote Post
    0
    Report User
    Quote Originally Posted by Kurshka:

    I think you are missing the point. Yes its possible to be -91 on the ledger if you are using a bookie. Its called line of credit. But Steel why is this information even remotely important to you.


    Just curious that's all.  I'm sure all of us think of things and think, "I wonder how you would figure that?"
     
    Raiders22
    Raiders22
    Legend
    Participation Meter
    Joined: Dec, 2010
    Posts: 33841
    Posted: Nov. 25, 2014 - 1:19 PM ET #24

    Quote Originally Posted by esplanade:

    Decent efforts but incorrect. Suppose you went from $5 to $240, your return would have been 4800%, and you dug yourself out of a deeper hole, so in theory your return was greater than in the first case. The -$91 is important to establish how much you increased the balance of your account, but it is in no way your basis (meaning that it is not the denominator in the computation). Those efforts were just silly. To make a meaningful computation, one would have to know your average stake.

    To further point out how ridiculous the former computations were:
    had you started at -50, these guys would have quoted you a higher %.

    Huh? Obviously he was asking mathmatically.  Sure you can do it in your head like one guy mentioned if you have the understanding of it, with most standard math.  But I took the formula right from a calculator site to show him how it was done---converting the negative to absolute, etc.  All you are you doing is confusing the issue.  Like the folks that don't understand where the missing dollar in the old riddle went.  Or why when you take 10% from 100 then add 10% to 90...etc.etc.  Average stake had nothing to do with his question, nor was it inferred.

    Reply
    Quote Post
    0
    Report User

    Quote Originally Posted by esplanade:

    Decent efforts but incorrect. Suppose you went from $5 to $240, your return would have been 4800%, and you dug yourself out of a deeper hole, so in theory your return was greater than in the first case. The -$91 is important to establish how much you increased the balance of your account, but it is in no way your basis (meaning that it is not the denominator in the computation). Those efforts were just silly. To make a meaningful computation, one would have to know your average stake.

    To further point out how ridiculous the former computations were:
    had you started at -50, these guys would have quoted you a higher %.

    Huh? Obviously he was asking mathmatically.  Sure you can do it in your head like one guy mentioned if you have the understanding of it, with most standard math.  But I took the formula right from a calculator site to show him how it was done---converting the negative to absolute, etc.  All you are you doing is confusing the issue.  Like the folks that don't understand where the missing dollar in the old riddle went.  Or why when you take 10% from 100 then add 10% to 90...etc.etc.  Average stake had nothing to do with his question, nor was it inferred.

     
     
    esplanade
    esplanade
    Captain
    Participation Meter
    Joined: Feb, 2008
    Posts: 9021
    Posted: Nov. 25, 2014 - 6:38 PM ET #25

    All I am saying is that using the -91 to establish the change is correct, using it as the denominator is not. The examples readily show that. When you start with $50 it is obvious that you have $50 to work with, making that the basis; when you start with negative $91, it in no way suggests that you have $91 to work with.

    What does doing it in your head or on a calculator or with a missing dollar have to do with anything??
    Reply
    Quote Post
    0
    Report User
    All I am saying is that using the -91 to establish the change is correct, using it as the denominator is not. The examples readily show that. When you start with $50 it is obvious that you have $50 to work with, making that the basis; when you start with negative $91, it in no way suggests that you have $91 to work with.

    What does doing it in your head or on a calculator or with a missing dollar have to do with anything??
    All Forums | General Discussion
    12 Next Last»

    Hot Forums IconHot Forum Topics

    • 🤢🥴💩_ Fubah's risky baseball bets _🥶😲🥵 447,563 Covers arrow
    • Tuesday 09/15/2026 648 Covers arrow
    • 🏈🏈🏈 Fubah2's risky CFB bets 257,344 Covers arrow
    • PART DEUX 283 Covers arrow
    • Couple Beers 3,834 Covers arrow
    • Tuesday 3,124 Covers arrow
    • Trump lies so much. 20,685 Covers arrow
    • Obviously the true face of the republican party 31,224 Covers arrow
    • Another looney Trump comment today. 11,554 Covers arrow
    • What damage to America does the traitor and his party plan for the rest of the year.? 25,635 Covers arrow

    Warning - External Link

    Report User

    Thank you for reporting
    This content is abusive or harmful
    This post is spam
    An error has occurred
    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Delete Post

    Are you sure you would like to remove this post?

    Remove Thread

    Are you sure you would like to remove this thread?

    Scan Results

    Login/Register

    Happy to have you join the conversation. To do so, please login or create an account.
    Accounts are free and easy to create.

    Search


    Loading…

    Loading…

    About Us
    Contact Us
    Careers
    Our Team
    Brand
    Testimonials
    Betting Guides
    Sportsbook Reviews
    Betting News
    Podcasts
    Responsible Gambling
    Betting Sites
    US Betting Sites
    Canada Betting Sites
    Canada Casinos
    Best Betting Apps
    Contests
    Streak Survivor
    King of Covers
    Ultimate Race
    Office Pools
    The Covers community has
    810,221
    lifetime members worldwide
    Join our community today
    Covers 30 Years Logo Established in 1995,
    Covers is the world
    leader in sports
    betting information.
    21+
    Gambling problem? Call 1-800-GAMBLER
    Help Privacy Terms of Service Cookies Sitemap Forum
    YouTube logo
    Facebook logo
    Twitter logo
    Instagram logo
    LinkedIn logo
    Google News logo
    Covers is verified safe by:
    Evalon Logo Logo GPWA Logo GDPR logo Logo GeoTrust logo Logo PCI DSS logo Logo
    Copyright © 1995 - 2026 CS Media Ltd. All Rights Reserved.
    If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.