equity

[JOHN RITTINGER]

Can someone tell me where I can get some reading to learn to
make some sense out of the concept of " equity". To me
guys may as well be talking Greek when they go on about
equity LOL

John

[Chase]

Tom Keith's "Backgammon Galore" glossary
(http://www.bkgm.com/glossary.html#E): gives a nice brief description
along with links to a couple of articles which were posted here on
r.g.bg at one point.

Hope this helps.

Dean
("Chase" on FIBS and GamesGrid)
_______
To respond via email, replace "USERNAME" with "demiga" in my address.

[Gregg Cattanach]

The simpliest statement is that equity is the number of points
you'd expect to win or lose from a specific position if that
position was played out an infinite number of times.

If no one has an advantage, your equity is zero (you will win as
often as you lose). If a position should win 3 times out of 4,
(ignoring gammons), your equity is (3*1 - 1*1)/4 or 0.500.

For a money game, you add 3*the backgammons you win, 2*the
gammons you win, 1*the single games you win, and substract 1*the
single games you lose, 2*the gammons you lose, 3*the backgammons
you lose, and multiply the whole thing by the current cube
value. Future cube turns do affect this number, but that's the
basic idea.

Gregg C.

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[Stuart Katz, MD]

On Thu, 10 Aug 2000 17:27:58 GMT, JOHN RITTINGER
<jritt...@sk.sympatico.ca> wrote:

>Can someone tell me where I can get some reading to learn to
>make some sense out of the concept of " equity". To me
>guys may as well be talking Greek when they go on about
>equity LOL

Equity is fair current settlement value.

Stuart