30th March 2008, 04:13 PM
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Member
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Join Date: Jan 1970
Location: Sydney
Posts: 402
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Quote:
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Originally Posted by Shaun
This may sound a bit stupid but what is the best way to work out profit and loss with lay bets so i can work out profit on turnover
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Your turnover is really your risk.
So if you Lay a 20/1 (=21.0) chance for $1 - your risk and turnover are $20.
If you lay more than 1 contingency in a market (in proportion) your risk and turnover would start decreasing.
Lay and Back and it gets even weirder.
I don't know anyone who bother calculating POT for such complex scenarios. |