
24th January 2005, 08:01 PM
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Member
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Join Date: Jan 1970
Posts: 578
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Quote:
Originally Posted by Benny
How do I work out the amounts? Benny
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It's all based on your edge Benny - no edge, no bet.
In the example I quoted the edge is worked out as follows:
16.7% and 13.3% which translates to 55.67% and 44.33% of the 30% total, so to work out the amounts is simply a matter of dividing whatever the total outlay is by the 55.67% and 44.33% respectively.
In the example, I recommended that 16.7 is the amount of the outlay, so 16.7 x 55.67% = 9 (rounded down) and 16.7 x 14.33% is 7 (rounded down).
The beauty of doing it this way is that IF your pricing/assessing is correct then you lock in some beautiful overlays.
Hope that all makes sense.
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