EPL Odds

[Mad Gambler]

Here's a question. Suppose I pick the 2 following team with the following odds (UK odds) and my target profit per game was $10. How much would have to bet to make my target.

Man Utd @ 1/3
Chelsea @ 1/5

1/3 = 1.33 inculding your $1 stake.

So if i wanted to make a profit of $10 I would need to have a bet of $32.00


$1.33*$32=$42.56-$32= a profit of $10.56


mad gambler

[Bhagwan]

Hi Mad Gamble,

To answer you question

1/3 O/L 30 Ret 40 = $1.33 Profit $10
1/5 O/L 50 Ret 60 = $1.50 Profit $10

Total O/L 100

One way to make it easier to work out, is work to a takeout figure of say $50 after converting fractional odds to decimal price.

Example
1/3 = $1.33
1/5 = $1.20
Take out $50
50 / 1.33 = 38 O/L Prof +12
50 / 1.20 = 42 O/L Prof +8
Total O/L 80

Doing it this way makes more money on the higher prices.
And less liability on the lower prices.

Cheers.