Mmmmmm, not looking too bad then as the S/R is 65% so 65 of the 88 are payers. Using the same formula .35x.35 = 0.1225,say 12% for 2 outs in a row, so 12 times out of the 88 we will have 7 units invested @ average div of 1.60 = 134.4 (profit of 3.4 units)
So now as I see it (averaging everywhere) there are 64 conveyances remaining of which 21 will lose so 21 times we will have 3 units invested @ $1.60 = 100.8 =+ 37.8-the 21 single losses = 16.8 in front

the remaining 42 are payers @ $1.60 for a profit of 25.2 yes?

so total outlay = 261
returns = 302.4
profit =41.4 units
= 16.1% on turnover

compared to 4% on level stakes, mmmmmmmm!