superman001 Posted October 31, 2007 Share Posted October 31, 2007 Hi guys, A friend of mine asked me if this betting system is possible: Each weekend he picks 10 matches to bet on (singles). He'd like to vary the stake on each bet, so that each succesful bet equals the same profit. I've tried to fix up an Excel sheet for him, but I can't seem to figure out the math involved. Any help? Thanks all... Quote Link to comment Share on other sites More sharing options...
georgej Posted October 31, 2007 Share Posted October 31, 2007 Re: Is this possible? how about stake = 1/(odds-1) * profit Quote Link to comment Share on other sites More sharing options...
slapdash Posted October 31, 2007 Share Posted October 31, 2007 Re: Is this possible? how about stake = 1/(odds-1) * profit Actually, the question is a bit ambiguous. That's correct if you want the same profit on each successful bet individually (ignoring what is won or lost on the other bets). If you mean that each successful bet should add the same to your overall profit, then you want stake = (required profit)/odds. If you do this, your overall profit/loss depends only on how many of the bets are successful, not on whether the successful ones have low or high odds. Quote Link to comment Share on other sites More sharing options...
superman001 Posted October 31, 2007 Author Share Posted October 31, 2007 Re: Is this possible? Thanks for the input guys, I figured it out! :clap Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.