Step 2: Interpolation of WINR amount based on USD Bet Amount

Interpolation is the mathematical process of determining the value of WINR based upon the amount being bet. Because the betting is a range between $1 and $200, an interpolation formula is needed to work out what value is an equivalent value in WINR. We refer to this as a notional value, because this is a linear calculation and a log function will be applied in Step 3.

The table below highlights some examples of this. For the example from above, the $5 Bet Amount variable is interpolated into a notional value of 3.24121 WINR in a linear calculation:WINR Interpolation Table for Round 1, based on $1 to $200

This data is the first step so that the amount of WINR to be paid can be related to a USD value.

Example:

The interpolation formula is represented in simple terms as the following:

Min WINR + [(Bet Amount — Min Bet) / (Max Bet — Min Bet)* (Max WINR — Min WINR)]

This can be worked out using the data from the Example Data table :Example Data used for calculating the example walkthrough

Simply plug in the values into the formula:

  • Step 1: 3 + [(5–1)/(200–1)*(15–3)]=

  • Step 2: 3+(4/199*12)=

  • Step 3: 3+0.2412 = 3.2412 (as shown in the interpolation table)

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