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-   -   staking (http://forums.ozmium.com.au/showthread.php?t=26442)

Benny 11th May 2013 06:42 PM

staking
 
I'm tying to work out how much to stake in order to collect a set amount.

I want to make $20 profit

the odds for the 3 bets are

$2.25
$4.80
$5.50

hope some one can help?

UselessBettor 12th May 2013 07:05 AM

wait not quite what you want.

UselessBettor 12th May 2013 07:14 AM

Do 1/(odds) for each selection

So you would get a total of 0.834 across the 3 selections.

That's a profit of 16.6%.

To make $20 you di $20/0.166 = 120.48

Take the individual percentages and times them by 120.48 and you have your figures:

a)53.54
b)25.10
c)21.90


Make sense ?

Benny 12th May 2013 04:24 PM

Thanks


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