10th August 2002, 07:22 PM
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Member
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Join Date: Jan 1970
Location: Canberra
Posts: 730
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Testarossa,
In those examples I was saying we had 100 bets total. In the $1.90 case you would expect to have 66 winners and 34 losers so you would have spent $1000 (100 * $10) and got 1254 in dividends (66 * 10 * 1.90). In the $26.00 case you still have 100 bets but only 9 winners (so 91 losers) so again you bet $1000 and get $2340 in divs (9 * $10 * $26). Obviously in real life you don't always get the expected win rate in the short term - so in the first example you might only get 56 winners or you might get 76 winners, similarly the second example might only have 6 winners or 12 winners but in the long run this will even out. Obviously you have to adjust your staking to the expected hit rate - you will get lots more "losing" bets with the 10/1 scenario and the potential run of outs is quite long so you must allow for this but as long as you do that the rewards are there for the taking!
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"Computers can do that????" - Homer Simpson
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