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#1
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Hey all, i know this is a simple answer but my mind is blank and i can't find the answer in the 100s of excel sheets i have.
Lay 1 runner to pay out $100 Lay 2 runners as savers. I know it is in the percentages but escapes me.
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One Drive "If the corporates are treating you poorly , just go elsewhere." "If they need you , they will soon find out." "If you need them , you will soon find out." --moeee _______________________________________________ |
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#2
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Quote:
This bit is the easy bit and is 100/(odds-1) Quote:
This bit is hard. I can get close but I don't know the exact equation. |
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#3
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If i was only laying one runner to save is easy you just lay it to pay out the hold on the first lay bet but when there are 2 you use percentages to work out the hold on each.
Mark would know he is the lay specialist on here.
__________________
One Drive "If the corporates are treating you poorly , just go elsewhere." "If they need you , they will soon find out." "If you need them , you will soon find out." --moeee _______________________________________________ |
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#4
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Not sure if this is what i want but will do for now.
We have 3 runners lay prices of 4.38 4.88 5.70 First runner we lay to payout 100 100/4.38=Lay 22.83 2nd runner 22.83/4.88=Lay 4.68 3rd runner 22.83/5.70=Lay 4.01 Runner 1=Loss 68.49 Runner 2=Profit 8.68 Runner 3=Profit 8.68 No Winner= Profit 29.47 Results after comission
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One Drive "If the corporates are treating you poorly , just go elsewhere." "If they need you , they will soon find out." "If you need them , you will soon find out." --moeee _______________________________________________ |
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#5
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Shaun, I think I can work out the maths behind this if you'd like, just need some clarification on it.
Is what your saying the following: Lay 1 runner to liability of $100. i.e. in your example if the $4.38 horse wins, you payout $100 however if it loses you receive $29.58 ($100/(4.38-1)) However you also want to lay 2 other runners as 'savers' which I take to mean you want the fact that if your $4.38 horse wins, you still break even from the lay's on the other two horses, is this correct? I'll work on it now based on the above as I assume thats what you mean. |
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#6
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Not exactly, if one of the other 2 horses win i break even, so the liability on each of the other runners needs to equal the profit from the first runner plus the other runner that failed, this is why you need to use percentages, i am sure i had the maths for this at one point if it was possible.
__________________
One Drive "If the corporates are treating you poorly , just go elsewhere." "If they need you , they will soon find out." "If you need them , you will soon find out." --moeee _______________________________________________ |
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