MoreLess

Introduction

MoreLess is an engaging guessing game where players predict if a randomly chosen number between 1 and 100 is less than, equal to, or greater than the previous selection. The odds correlate with the likelihood of winning.

Rules

1. A random number ranging from 1 to 100 is generated during the game.
2. Players can wager on whether the next randomly selected number will be higher, lower, or the same as the previous one drawn.
3. A fresh random number between 1 and 100 will be generated.
4. When a player wins, their payout is calculated based on odds of 0.96 divided by their winning probability, which is then rounded to the nearest hundredth.
5. Return to step 2

Analysis

Typically, this game has an expected payout percentage of around 95% to 96%. Although the winning odds are set to aim for a 96% return, rounding can sometimes lead to a slightly lower actual return.

For instance, let’s examine a scenario where the last number drawn was 17.

You’ll notice that the payout for betting on Equal and Higher both match exactly at 96%. However, for the Over bet to yield an expected return of 96%, it would need to give odds of 96% divided by 83%, which equals approximately 1.1566 and gets rounded down to 1.15. Consequently, the actual return becomes 83% multiplied by 1.15, which results in 95.45%.

Written by: Michael Shackleford