General Betting
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If you lay a bet at odds of 1.7 (risking £10 ) to win £14.28
is there a way to calculate what you need the back odds to move out to, to win 50% of your liability?
Now I know the odds need to rise to 2.62 (Chromaweb) but I would like to know if there is a formula to do this?
Cheers
is there a way to calculate what you need the back odds to move out to, to win 50% of your liability?
Now I know the odds need to rise to 2.62 (Chromaweb) but I would like to know if there is a formula to do this?
Cheers
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Replies: 4
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SquirrelJ,
Example 1 Let: P = 0.50 H = 1.70 T = 14.28 Then: S = (T-(P*((H-1)*T))) = 2.62 O = (H/(P-(P*H)+1)) = 9.28 Example 2 Let: P = 0.50 H = 1.75 T = 20.00 Then: S = (T-(P*((H-1)*T))) = 2.80 O = (H/(P-(P*H)+1)) = 12.50 John |
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John
Re. Example 2 - Assuming you've worked on the OP's original £10 liabilty figure, if H = 1.75 wouldn't T = 13.33? Alternatively, if T = 20.00 wouldn't H = 1.50? |
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Thanks for that I would never of worked that formula out in a million years.
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(S+L)/(S-5)
24.28/9.28 = 2.62 |