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General Betting
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Anyone know the calculations for the Saver (no bet) calculator system as shown on the betcalc dot com site
I'd like to have the excel formulas on my own spreadsheet instead of relying on a site which although has been around a long time, cannot be guaranteed to be there forever.
Their info states its
Explanation of Saver Bets / Draw No Bet:
To be used for betting events with 3 possible outcomes (designed for football). The most frequent bet is a football draw saver (also known as a draw no bet) where you back one team to win, with a saver on the draw. A draw result returns your total combined stake only (ie no profit), a win returns a profit.
I'd like to have the excel formulas on my own spreadsheet instead of relying on a site which although has been around a long time, cannot be guaranteed to be there forever.
Their info states its
Explanation of Saver Bets / Draw No Bet:
To be used for betting events with 3 possible outcomes (designed for football). The most frequent bet is a football draw saver (also known as a draw no bet) where you back one team to win, with a saver on the draw. A draw result returns your total combined stake only (ie no profit), a win returns a profit.
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Say you want a total stake of £15 on Team A to win (eg. odds of 2.0) with the saver on the draw (eg. odds of 3.0).
Your stake on the 'saver' is your total stake divide by the 'saver' odds, ie. £15/3.0 = £5. Your stake on Team A is the total stake less the 'saver', ie. £15-£5 = £10. |
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Great MC Very many thanks.
How about if you wanted to back both for an equal profit What would the calc be for that? |
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this is useful. thanks from me too.
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You need to have the stakes on the two outcomes in inverse proportion to their fractional odds.
So, if Team A are 2.0 and the draw is 4.0 and you place £30 on team A, you would need £10 on the draw for equal profit on both outcomes. This is worked out as £30 x ((2.0 - 1) / (4.0 - 1)). I've got this set up on Excel if you like. If you PM me an email addy I am happy to send it to you. |
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^^^Ignore that last bit - it doesn't take into account the stake of the lost bet. Like I said, I have it on Excel if it helps.
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Your second query is in effect dutching. I created a dutching calculator for someone else on the forum, I forget who. If you or anyone would like to download it, its located in my dropbox @ http://dl.dropbox.com/u/21809237/dutch1.1.xlsx or if you prefer I can email a copy.
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I'll try again, using the odds from the first example:
Say you want a total stake of £15 on Team A to win (eg. odds of 2.0) with an equal profit on the draw (eg. odds of 3.0). Your stake on the draw is your total stake times by Team A odds, divide by the combined odds, ie. £15 x 2.0/(2.0+3.0) = £6. Your stake on Team A is the total stake less the stake on the draw, ie. £15-£6 = £9. |
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Once again many thanks MC perfect for me. Thanks also Curly, will check out yours as well.
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try this one sure bets calculator: http://www.betting.all4lottery.com/
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