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Take?

Posted By: Fabrice Liardet
Date: Tuesday, 6 January 2009, at 11:43 a.m.

In Response To: Take? (John O'Hagan)

Thanks a lot John for your precisions. I see now that the 15% figure was the total of gammons won, while I thought it was the ratio of gammons won. Now of course a 100% figure (or any TG equity) doesn't make sense.

"Kit Woolsey's blended average method" is probably what I used (increasing the equity after winning by the gammon ratio times the equity difference between winning and winning gammon). Not obvious at first glance why it should give the same result, I'll give it a closer look.

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