Quote:
Originally Posted by VigorsTheGrey
Ok, I think I understand what is being done here...so in simpler terms
1. Pick 3 horses (example, 10-1, 20-1, 30-1)
2. Take the longest odds horse and assign an arbitrary number of bets to it, then calculate the return....the 30-1 is longest, so: 3 bets @$2 each for $6 total; Since a 30-1 pays $62 for each $2 bet, the combined projected winnings would be $186.
3. Now calculate the other 2 runners by dividing this number $186 by what the others would pay, $186 divided by $42 (for the 20-1), and $186 divided by $22 (for the 10-1): see below:
$186 divided by $62 = (3) $2 bets
$186 divided by $42 = (4.4) $2 bets
$186 divided by $22 = (8.4) $2 bets
4. Now add up the total number of $2 bets to arrive at the total amount wagered...in this case, 3 + 4.4 + 8.4 = 15.8 bets @ $2 each, that equals $32 (rounded up slightly).
5. Now subtract the amount wagered in bets by the projected amount of winnings...in this case $186-$32=$154. This is your profit amount.
6. Then, divide the profit amount by the amount bet...in this case $154 divided by $32 = 4.81 This is your profit Rate.
7. Finally, multiply profit Rate by 100 to arrive at Profit Percentage:
4.81 x 100 = 481% ROI
Most examples using 3 lower odds horses will be much lower...and anything above 50% ROI would be Playable.
Nitro, please review this and let me know if I have this process correct, thanks.
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I’m not sure how your applying all that math to something that’s very simple when using a Dutch Win calculator.
It functions extremely fast even when making minor changes to the odds as they occur.
Not only does it give you the immediate Profit margin, but also how much to bet on each entry in order to generate the same $return.
In your extreme example: . Pick 3 horses (example, 10-1, 20-1, 30-1)
Code:
LOW MID HI TOT TOT PRF %
10.0 20.0 30.0 BET PRF
$22 $42 $62
$62 $32 $22 $116 $566 486%
$682 $682 $682
Of course the idea is to have the ability to select the right 3 entries to Dutch.
