ok Lomaca, know exactly what you are saying, this is what I did.

there was 21 bets, all differing prices , I hypothetically bet each individual one to win 100 so...

paying 1.5 bet = 67

paying 2.4 bet = 42

paying 1.89 bet =53

etc etc etc.

now all those 21 bets added up to 1095,

there were 13 successes so 1300 returned i.e. profit of 205

whereas at levels 21 bets returned 22.83


I sat bolt upright at about 3am convinced the reason was just that particular set of selections, i.e. on another day if more of the failures were paying say like 1.23, 1.34, etc etc then the situation could be reversed.

In other words on this particular set of selections, most of the failures were paying $2+ so the amount bet was less than 50% so you lost less on them than you would have done at levels, so I got some sleep, BUUUUT,

going over it again, it appears that that is wrong cos the amount won on the winners was more than at levels overall as the amount bet was greater....... shucks I'm still confused!