Average price Question

[Shaun]

Here is a question not sure of the answer if you are backing 3 runners in a race and you need to work out your average dividend do you devide your dividends by 3 to get an average price

[sportznut]

I'm not quite sure what you mean. To get the average price you simply add the 3 divs together and divide by 3.

[Shaun]

What i have is say 5 races with 3 winners...but in each race i am backing 3 runners so normally you would add the 3 winners and devide by 3 but because i am backing 3 runners a race don't you devide the winners prices by 3 first

[stugots]

wouldnt you total all your divs & divide by the total number of nags you have backed ie 3 winners $5.00,$5.00 & $6.50 = $16.50 win divided by 15 (5 races @ 3 nags) = $1.10 = 10%pot

[sportznut]

Well, if you just want an average dividend, then you simply add them together and divide by 3. But I assume you actually want to work out the average return per $1 invested (just as if you had been backing just one horse)

Do you bet the same amount on each horse? If you do, then you can simply do it like this:

Example:
1. $8.90
2. $6.10
3. $10.20

Total is $25.20 divided by 3 gives an average dividend of $8.40. But to work out the average return you'll get for your dollar, you have to divide by 3 again. In this case it's $2.80.

[Shaun]

Yep sportz thats what i thought i would have to do...thanks mate

[system]

shaun do yourself a favour take lowest price of the 3 runners out or set a min price you back them at.your s/rate will decrease but im sure your n/profit% will increase.just food for thought