To calculate the total poker markup (\(PM\)):
\[ PM = BIC \cdot \left(1 + \frac{MP}{100}\right) \cdot \frac{PS}{100} \]
Where:
A poker markup is a premium paid by an investor that has bought a percentage of winnings of a player by buying a percentage of the buy-in.
Let's assume the following values:
Using the formula:
\[ PM = 1000 \cdot \left(1 + \frac{20}{100}\right) \cdot \frac{50}{100} = 1000 \cdot 1.2 \cdot 0.5 = 600 \text{ dollars} \]
The total poker markup paid by the investor is $600.
Let's assume the following values:
Using the formula:
\[ PM = 500 \cdot \left(1 + \frac{10}{100}\right) \cdot \frac{30}{100} = 500 \cdot 1.1 \cdot 0.3 = 165 \text{ dollars} \]
The total poker markup paid by the investor is $165.
