Therefore , to determine the proportion of winning bets , p , necessary to break even on his wagering , set the expected winnings equal to the expected losses , or
lose 5 % of the amount he wagered because of the 10 % fee on the losing bets .
To determine the proportion of winning bets , p , necessary to break even on his wagering , set the expected winnings equal to the expected losses , or
lose 5 % of the amount he wagered because of the 10 % fee on the losing bets .