25th May 2014, 10:31 AM
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Member
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Join Date: Jan 1970
Posts: 4,426
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Quote:
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Originally Posted by Mark
CP, I understand what you are doing but laying both at less than 100% and backing both at more than 100% can't be a good strategy, can it?
Take that back as I've just run the numbers on a hypothetical.
Lay 1.28 Back 1.20 Loses .80
Lay 4.80 Back 5.60 Wins 8.00
The equivalent of 10.00 on a 5.60 chance.
ps, still running the UK thing that you showed me?
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No liquidity dropped and that was the problem we were facing and why you started to get different outcomes. Switched to sports, a lot more manual work and time involved, but money always there.
As for the above example: if you risk say $8.00 to win $80, that's odds of $11.00 not $5.60. and there's your edge. |