New Posts For Thread: Calculating Each Way Value From Fixed Odds. Any help/links appreciatedhttps://community.betfair.com/general_betting/go/thread/view/94082/28266183/calculating-each-way-value-from-fixed-odds-any-helplinks-appreciatedAfternoon AllI am aware that betting Horses each way in c 16 runner handicaps for 4 places is perceived as obtaining value on the 'place part'Whilst I can calculate a Win Book easy enough, I would appreciate any help in understanding how much value tTake a look at calcodds dot com. You have to register to see the odds, but the service is free. 14:10 Yarmouth sample:http://www.calcodds.com/admin/testajax.php5?refid=51520https://community.betfair.com/general_betting/go/thread/view/94082/28266183/calculating-each-way-value-from-fixed-odds-any-helplinks-appreciated?post_id=506627495#506627495Take a look at calcodds dot com. You have to register to see the odds, but the service is free. 14:10 Yarmouth sample:http://www.calcodds.com/admin/testajax.php5?refid=51520Tue, 13 Sep 2011 01:44:29 -0500I would recommend getting to grips with Monte Carlo simulations in excel as it really shows these scenarios in black and white.https://community.betfair.com/general_betting/go/thread/view/94082/28266183/calculating-each-way-value-from-fixed-odds-any-helplinks-appreciated?post_id=506603735#506603735I would recommend getting to grips with Monte Carlo simulations in excel as it really shows these scenarios in black and white.Mon, 12 Sep 2011 14:25:40 -0500Expected loss on the win part is 10% Over a series of 100 bets(using £1 as a stake per bet) you will win 20 times and loss 80.Your Profit on the winning bets = (4.5-1)*20 = 70Your Loss on the losing bets = -80Expected Profit/Loss over 100 bets = -10https://community.betfair.com/general_betting/go/thread/view/94082/28266183/calculating-each-way-value-from-fixed-odds-any-helplinks-appreciated?post_id=506603633#506603633Expected loss on the win part is 10% Over a series of 100 bets(using £1 as a stake per bet) you will win 20 times and loss 80.Your Profit on the winning bets = (4.5-1)*20 = 70Your Loss on the losing bets = -80Expected Profit/Loss over 100 bets = -10Mon, 12 Sep 2011 14:23:32 -0500max powers121Re. your Moto GP example.Can you kindly display the calculations, you know, the percentages and stuff, to show how you determined that Edge on the bet is approx 4% as I'm not sure I'm capable of doing it myself?Thanks in advance.https://community.betfair.com/general_betting/go/thread/view/94082/28266183/calculating-each-way-value-from-fixed-odds-any-helplinks-appreciated?post_id=506600943#506600943max powers121Re. your Moto GP example.Can you kindly display the calculations, you know, the percentages and stuff, to show how you determined that Edge on the bet is approx 4% as I'm not sure I'm capable of doing it myself?Thanks in advance.Mon, 12 Sep 2011 13:20:15 -0500excactly lux.If there is not a market then you need to price it yourself - thats were pricing skills come in handyhttps://community.betfair.com/general_betting/go/thread/view/94082/28266183/calculating-each-way-value-from-fixed-odds-any-helplinks-appreciated?post_id=506599657#506599657excactly lux.If there is not a market then you need to price it yourself - thats were pricing skills come in handyMon, 12 Sep 2011 12:49:02 -0500comparing the place part of your bet with the place market on betfair would probably be more accurate ?https://community.betfair.com/general_betting/go/thread/view/94082/28266183/calculating-each-way-value-from-fixed-odds-any-helplinks-appreciated?post_id=506599529#506599529comparing the place part of your bet with the place market on betfair would probably be more accurate ?Mon, 12 Sep 2011 12:45:30 -0500no offence mate but that table is a load of rubbish. You can get great value e/w on outsiders. Every event has to be treated seperately.https://community.betfair.com/general_betting/go/thread/view/94082/28266183/calculating-each-way-value-from-fixed-odds-any-helplinks-appreciated?post_id=506593201#506593201no offence mate but that table is a load of rubbish. You can get great value e/w on outsiders. Every event has to be treated seperately.Mon, 12 Sep 2011 10:18:51 -0500kenilworthI'm pleased to see that your observation is in accord with the table I posted. Namely, that the advantage to the punter decreases as the win odds lengthen. By the way, I'm not a proponent of the method I described, I merely posted it becauhttps://community.betfair.com/general_betting/go/thread/view/94082/28266183/calculating-each-way-value-from-fixed-odds-any-helplinks-appreciated?post_id=506592165#506592165kenilworthI'm pleased to see that your observation is in accord with the table I posted. Namely, that the advantage to the punter decreases as the win odds lengthen. By the way, I'm not a proponent of the method I described, I merely posted it becauMon, 12 Sep 2011 09:55:02 -0500you may not may be able to explicitly derive place odds from win odds but there will always be a price to place; included in the price will be all the elements that fred mentioned above - you just need a good market line or strong pricing skills.a ghttps://community.betfair.com/general_betting/go/thread/view/94082/28266183/calculating-each-way-value-from-fixed-odds-any-helplinks-appreciated?post_id=506587301#506587301you may not may be able to explicitly derive place odds from win odds but there will always be a price to place; included in the price will be all the elements that fred mentioned above - you just need a good market line or strong pricing skills.a gMon, 12 Sep 2011 07:43:01 -0500Also very short priced favourites inflate the win prices of the other horses but not necessarliy their chances of being placed.https://community.betfair.com/general_betting/go/thread/view/94082/28266183/calculating-each-way-value-from-fixed-odds-any-helplinks-appreciated?post_id=506584519#506584519Also very short priced favourites inflate the win prices of the other horses but not necessarliy their chances of being placed.Mon, 12 Sep 2011 06:07:37 -0500