$50,000 bet between Teddy and The Prez

Call me crazy, but shouldn’t the 50k results read something like this: Assuming you bet $100 per game with 10% vig, your bankroll through 31 days would be as follows:

Lumpiddy (21-10) $2100 (21 wins x$100) – $1100 (10 losses x$110)= $900 net gain

44-dimes (15-16)  $1500 (15 wins x$100) – $1660 (16 losses x$110)= $160 net loss

Now I know the picks are free for this little promotion, BUT if you went to the "experts" and assuming you bet $100 per game with 10% vig and you paid Teddy and Prez $30 per pick, and assuming the losing picks were free, your bankroll through 31 days would be as follows:

Teddy (19-12).  $1900 (19 wins x$100) – $1320 (12 losses x$110)= $580- $570 ($30 x 19 winners)= $10.00 net gain

Prez  (18-12-1) $1800 (18 wins x$100) – $1320 (12 losses x$110)= $480- $570 ($30 x 19 winners)= $90.00 net loss

Now think of how ridiculous this scenario would be. Say you gave Teddy some money and let him wager 100 per game for you. At the end of the month, you come back and ask "How'd we do?" Teddy excitedly responds, "We won $580." You respond "Great, where is it?" Teddy responds, "Right here. Okay, $570 for me and $10 for you."

Now with Prez, it gets worse. Prez would excitedly respond "Hey we won $480." You respond "Great, where is it?" Prez responds, "Well, not so fast. The price for me to win you $480 is actually $570, so you owe me $90. So you need to pay me the $90 bucks now or I wont allow you the privilege of giving me more money later." 

Just my .02