If i bought 1.3 for £10, then aimed to sell at 1.29 for a green book, what is the percentage chance of it never hitting 1.29? Also, how on earth did you work it out ?
Impossible to answer as depends on how liquid the markets are and what sport/volatility and whether you mean in play too.
Regardless for that level of profit you'd need it to work virtually everytime so to me it would be equivalent of backing long odds on everytime - all seems fine till you do your nads.
Impossible to answer as depends on how liquid the markets are and what sport/volatility and whether you mean in play too.Regardless for that level of profit you'd need it to work virtually everytime so to me it would be equivalent of backing long odd
I worked it out as .76% chance of the price not hitting 1.29 and 99.24% of it hitting it.
My calculation was based on it being a random strategy and so breaking even if you ignored commission. If you bet £100 at 1.3 and layed off at 1.29 you would make 77 pence. 77 pence * 130 = £100 (near enough) so for every 1 time it didn’t happen there would be 130 times it did.
If you did some more exact rounding it might affect it slightly (it isn’t exactly 77 pence profit), but I couldn’t be bothered.
Hope that's of some use.
I worked it out as .76% chance of the price not hitting 1.29 and 99.24% of it hitting it.My calculation was based on it being a random strategy and so breaking even if you ignored commission. If you bet £100 at 1.3 and layed off at 1.29 you would ma