robmatey Posted January 26, 2016 Share Posted January 26, 2016 Hello. I need some help working out a formula for the following. I need to know how to work out the stake I need to place to make a fixed profit taking into consideration the current and previous stakes, as well as the odds for the bet. i.e. say I want to make 100 units profit but I have lost the first three bets in a sequence of bets, how much do I need to bet to make back all of my stakes plus 100 units profit. For example: The odds are 3.2, I've staked 175 units so far, how much do I need to bet to recoup all of my previous stakes and the current stake, and make 100 profit? I know there is a formula for this but I can't work it out and my Excel skills are not what they used to be Any help much appreciated. Quote Link to comment Share on other sites More sharing options...
Valiant Thor Posted January 26, 2016 Share Posted January 26, 2016 (175 + 100) / (3.2 - 1) = 125 stake Quote Link to comment Share on other sites More sharing options...
robmatey Posted January 26, 2016 Author Share Posted January 26, 2016 10 minutes ago, Valiant Thor said: (175 + 100) / (3.2 - 1) = 125 stake Hi. Thanks for your help, I just worked it out at exactly the same time as you posted your message! Quote Link to comment Share on other sites More sharing options...
Valiant Thor Posted January 26, 2016 Share Posted January 26, 2016 no probs Quote Link to comment Share on other sites More sharing options...
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