12th November 2003, 09:55 PM
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Member
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Join Date: Jan 1970
Posts: 4,426
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Quote:
On 2003-11-12 21:42, alblyn wrote:
sorry if this sounds a silly question, on saturday I "paper bet" 10 horses for a return of $24.90 x 4 wins, and today did same 24 horses and a return of $49.10 x 6 win & $33.90 x 11 places. how do you work this strike rate? thank you
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Strike rate equals number of winners divided by number of bets.
In total you've had 34 win bets for 10 winners so 29.41% strike rate.
Your win outlay is 34 units
Your win return is 74 units
Your profit is 40 units.
Your profit on turnover is 40 divided by 34, which is 117.65% profit on turnover.
Your average win dividend is $7.40.
[ This Message was edited by: Chrome Prince on 2003-11-12 23:09 ] |