Quote Originally Posted by daviddem View Post
Besides, this is before rake. When taking let's say 6% rake into account, you will need minimum x% equity where x is such as:
x*($2.90-$0.29)-(1-x)*$2.01=0

2.61x-2.01+2.01x=0
4.62x=2.01
x=43.5% minimum equity

See what rake does to you?
Wow! I had no idea what a huge difference rake makes in determining +/- EV. Thanks for the formula to figure out in future