30th June 2007, 10:07 AM
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Member
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Join Date: Jan 1970
Posts: 4,425
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Excel Bookmaker Help
I have a problem getting this right and am after some suggestions.
I currently have a spreadsheet that calculates the odds to offer based on the amount of money in the pool for each horse taking into account my takeout and the respective payouts.
What I can't get my head around, is unlike a tote pool the bets taken are paid out at the odds taken by the punter and not the final price.
Therefore I need some way of incorporating the two, a sort of parimutual/fixed odds combo.
For example: In fixed odds tote pools, they adjust the dividend based on the money on that horse at each of the odds which is what I'm trying to do.
I'm having a brain fog....any ideas?
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