18th June 2004, 02:22 PM
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Member
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Join Date: Jan 1970
Posts: 4,425
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Quote:
On 2004-06-18 06:53, crash wrote:
Hi Chrome,
I have been trying to work out a method to arrive at an 'expected run of outs' for a [any] system.
Perhaps adding all winner's payouts and dividing by the total number of runners [inc. losers] to come to an average odds for total bets ?
Exactly
Expected run of outs would require average odds [converted to %] to arrive at an expected run of outs.
Am I way off track here ?
What method would you [or anyone else for that matter] recommend ?
Cheers.
[ This Message was edited by: crash on 2004-06-18 07:13 ]
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A little off track, only for the longest losing sequence expected, otherwise spot on.
Your calculation will give the expected strike rate, not the longest losing sequence and number of expected losing sequences for each loss.
See my post above to Maverick. |