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A betting pool, sports lottery, sweep, or office pool if done at work, is a form of gambling, specifically a variant of parimutuel betting influenced by lotteries, where gamblers pay a fixed price into a pool (from which taxes and a house 'take' or 'vig' are removed), and then make a selection on an outcome, usually related to sport. One of the biggest selling points of Square is the ability for small businesses to accept credit card payments. A great example is a vendor at a farmer's market.In the past, shoppers had to use cash to buy organic kale and gooseberry jam at a farmer's market. With a service like Square, a farmer's market vendor can turn her smartphone into a fully functioning cash register that accepts payment.
How does gambling work? Gambling can only be “responsible” if the person playing fully understands what they are doing. Here we explain the basic principles of gambling to allow you to make an informed choice. The first part of gambling involves choosing what you want to bet or wager on. A certain horse to win a race). I suppose this is the best forum to ask this question, I got in on a whim with some football squares. It was $200 a square with 4 of us pitching in $50. I figured why not. So total prize pool is $20,000. The squares cover three games, the NFC and AFC games and the Superbowl. Payouts are $1,000 for half in NFC and AFC games and $2,000 for the final. Football Squares is one of the most popular Super Bowl party games, and a great way to make your next football party even more enjoyable! It’s also very easy to set up and play. Gather a group of players and ask each person to pay a set amount of money to enter the game.
Payout | Expectation |
---|---|
$0 | $0 |
$2000 | $95.39 |
$3000 | $66.21 |
$1000 | $65.49 |
$2-6K | $17.87 |
100% |
Depending on how she picked the four squares, winning four squares would happen between 0.01% and 0.06% of the time. On average, once in 3200 games.
Thanks for all the information, the expectation was almost spot on, won the half of one game for $1000 split four ways. Where did you get the numbers for the table you made? I checked that blog you posted and didn't see anything on data besides if buying multiple squares where to place them. Still need to find out what the Superbowl numbers are, hopefully they will be half way decent.
How did you come up with that number? I would think they would be a lot more correlated. If a square wins once, I would think it is a lot more likely to win again over a random square. Obviously if you have the 0,3, or 7's your chances are a lot better.
Thanks for all the information fanofx, any chance you could figure out the probabilities and expected return of the numbers 4 home, 0 away. Thanks.
Payout | Expectation |
---|---|
$0 | $0 |
$8000 | $127.47 |
$3000 | $96.18 |
$1500 | $77.17 |
$4500 | $42.33 |
$9500 | $41.95 |
$12500 | $16.80 |
$11000 | $14.78 |
$14000 | $2.69 |
$6000 | $2.30 |
100% |
So squares is basically bingo? Lol
Payout | Expectation |
---|---|
$0 | $0 |
$8000 | $127.47 |
$3000 | $96.18 |
$1500 | $77.17 |
$4500 | $42.33 |
$9500 | $41.95 |
$12500 | $16.80 |
$11000 | $14.78 |
$14000 | $2.69 |
$6000 | $2.30 |
100% |
Basically... There seems to be some thing to how you pick multiple squares to slightly increase your odds, but one square... That is just blind luck.