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Percentage Amount

I'm looking for an equation to show me how many bets do you need to make, at x amount (when x is the max loss and n would be max gain), at what percentage do you need to perform to make y amount.

I believe there should be more factors in the equation, so I'm also looking for some insight on creating the equation.

Thank you

Skills: Algorithm, Finance, Mathematics, Statistics

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About the Employer:
( 0 reviews ) United States

Project ID: #4985195

4 freelancers are bidding on average $47 for this job

kmittal

I am not 100% clear with the question. Let me put it - you may correct wherever required: For each bet where you put 'x', you get 'x+n' if you win, and 0 if you lose. In this bet, net return value is positive (you m More

$50 USD in 3 days
(17 Reviews)
5.0
bchandra1955

This is not clear , please send full details I am professional engineer from academic institute.........................................................................

$49 USD in 3 days
(32 Reviews)
4.7
wsh2

To finish your equation you need the probability of winning. For example, with a coin flip you have a 50% chance of winning. 50/50 means you have an exactly equal chance of winning or losing. Assuming a wager of $1, wh More

$44 USD in 3 days
(1 Review)
3.6
schneider393

Hi, the equation you've asked about should be fairly straightforward. The interesting part will be looking more deeply at the general case. I'm a PhD student in Statistics, and have a Bachelor's/personal interest in Fi More

$55 USD in 3 days
(1 Review)
3.1
SharjeelSohail

I'm an Engineer and a very good Mathematician. i can help you formulating this formula for best possible number of chances to be taken. Hope to hear from you soon

$40 USD in 3 days
(25 Reviews)
2.7