Formula for figuring poker winnings
October 7, 2010 2:28 PM Subscribe
I need help untangling a formula for tracking poker winnings. All this math is making my head hurt! Totally legal details within.
posted by c:\awesome to grab bag (8 answers total) 1 user marked this as a favorite
Ok, let's say a "friend" is involved in a weekly "poker" game, and he's interested in making a "website" that tracks everyone's winnings. Ok, here are the variables:
Weekly buy-in = $10
Players = variable
*Second place sometimes wins their money back.
Now, let's say Player A has played in ten games, so his total buy-in is -$100 (10x$10 weekly buy-in). Now, out of those 10 games, our intrepid Mr. A won two games:
Game 1 - Lost
Game 2 - Lost
Game 3 - Won (7 total players), 2nd place got their $10 back
Game 4 - Lost
Game 5 - Lost
Game 6 - Lost
Game 7 - Won (5 total players), 2nd place got nothing
Game 8 - Lost
Game 9 - Lost
Game 10 - Lost
So, in game 3, Mr. A walks away from the table with $60, $10 of which is the money he bought-in with, so he really profited $50. In game 7, Mr. A walks away with $50 total, $40 profit.
Is Mr. A now at -$10 or +$10? His total buy-in was $100, he walked away from the two wins with $110, but only $90 in profit. Which number would more accurately yield his "winnings?" I'm not even sure if the profits should play into this at all since we're already calculating -$10 for every game he plays.
My head hurts. Please hope me!