Hello All,
If I am risking 1 to gain 1, I would need to win 50% of the time to break even.
What is the formula to figure this percentage out so I can play with other ratios.
For instance what if I am risking 1 but gaining 1.35 what percentage of the time would I need to be right in order to break even?
or risking 1 but gaining .72 etc.
Am interested in the formula as well as what kind of math this is.
Thank you
If I am risking 1 to gain 1, I would need to win 50% of the time to break even.
What is the formula to figure this percentage out so I can play with other ratios.
For instance what if I am risking 1 but gaining 1.35 what percentage of the time would I need to be right in order to break even?
or risking 1 but gaining .72 etc.
Am interested in the formula as well as what kind of math this is.
Thank you