Help Needed

[Benny]

After 2 years of research on the NBA and MLB and the NHL, I have come up with a selection method for picking the right games to bet on and taking them in 2 team parlay's.

Now for the next stage which is to be able to bet and make a profit, therefore I need an excel formula to work the amount to stake.

Here's an example parlay.

NHL: Ottawa
MLB: L.A. Dodgers vs NY Yankees

So the bet would be

Ottawa into L.A. Dodgers
Ottawa into NY Yankees

The formula will work out the correct stake.

[Shaun]

The problem is if the combined odds of those MLB teams is over 100% then you can't win, if i am understanding your question

[moeee]

I reckon you should put half on each parlay.
Then , if you are only half right , you get back twice as much as the average of getting them both half wrong.

[Benny]

The problem is if the combined odds of those MLB teams is over 100% then you can't win, if i am understanding your question

Could you explain further using my example

[Shaun]

Every price has a percentage chance out of 100 to win say the price of these 2 teams were.

L.A. Dodgers @ $1.60 = 100/$1.60=62.5%
NY Yankees @ $2.20 = 100/$2.20=45.45
Total = $107.95%

If you can get 2 teams to equal less than 100% you can make a profit, don't forget if they offer the draw you need to include this in your workout unless you are sure they won't draw.