Any poker players ? Pot odds. Dano ...say after me " no adverse effects "
poker
so assume our chances of getting permit are 80 percent for 20 percent against. Odds are 4 to 1 .
out pot is going from 2 dollars to going to 100 dollars
50x our bet.
So in poker you would bet with pot odds 4 to 1 if u thought u might win 8 dollars or more.
in our scenario we are looking at 50 or even 100 dollars .... so I am already all in but thinking of buying more !
will give u a poker hand illustration later.
B3