3rd November 2010, 11:08 AM
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Member
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Join Date: Jan 1970
Posts: 1,096
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Quote:
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Originally Posted by partypooper
Can't get my head around this; I have never bet to prices, always believing that level stakes is the way to go, but I was doodling really tonight with some results of a place plan, and came across something strange:
Betting overlays only:
Today 21 bets 13 hits returns = 22.83 = 8.75% POT this is fairly average
ok, so just for an experiment I queried backing all selections to return 100, you know basic stuff if the nag was paying 1.70c (BF) so place $59 on it etc etc
Ok so outlay to do this on 21 selections was $1095 (Hypothetically) and as there was 13 hits so the return would be $1300
Which is a profit of $205
Which is a massive 18 .72% POT
Needless to say I feel I must have done something wrong in the calculations, but have been over and over it and it seems to be correct,
What are your thoughts?
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Don't know what you did Party but it makes little sense.
Do a simple calculation like, place divi = $2.00
you bet a dollar, return $2.00 - 1 = $1. POT = 100%
Bet $50.00 return $100 - 50 = $50.00 POT = 100%
You can't add up ALL the individual odds and bet to $100, you have to do it separately.
Good luck
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