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Old 10th December 2008, 06:18 AM
crash crash is offline
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Join Date: Jan 1970
Location: gippsland lakes/vic
Posts: 5,104
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Quote:
Originally Posted by crash


Convert chances percentage to odds:
It is a simple process to convert each horse’s points to a percentage which will then allow a price to be attached to each horse. The five horses combined total of points is 28. We simply divide each horse's individual points by the total of 28 and then multiply by 100 to get the percentage figure. Using the percentage converter at the bottom of the page we can then put a monetary figure to each horse's percentage and we have our market.

Horse Calculation Percentage Odds:
Don't Cry 6/28 *100 21% $4.75
Mama Mia 8/28 *100 29% $3.50
November Rain 4/28 *100 14% $7.00
Paradise City 2/28 *100 7% $14.00
My Michelle 8/28 *100 29% $3.50
Market 100%



I forgot to add the % converter method to work out the final price. Just divide 100 by the % which when rounded to the nearest 10 cents gives the price.
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