27th September 2005, 12:08 PM
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Member
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Join Date: Jan 1970
Posts: 479
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Quote:
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Originally Posted by Oaksnaf
Ahh ok ta.
And how do you calculate the amount of money put onto one horse in any given pool:
eg:
Win
#1 13.9
#2 15.1
#3 11.3
#4 10.7
#5 4.1
#6 7.6
#7 2.9
#8 6.9
Pool: 416
That was a real case.
But i was trying to work out the amount of money put on each singular horse. Is there a way to work that out?
Thanks,
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You would take your dividends. Work out the total market. To do this: 1/#1, +1/#2,+ 1/#3 etc etc.....
#1 7.19%
#2 6.62%
#3 8.85%
#4 9.35%
#5 24.39%
#6 13.16%
#7 34.48%
#8 14.49%
Tot 118.54%
Now divide all these percentages by the total....
6.07%
5.59%
7.47%
7.88%
20.58%
11.10%
29.09%
12.23%
100.00%
Now Multiply the total pool by each percentage...
$25.25 1
$23.24 2
$31.06 3
$32.80 4
$85.60 5
$46.18 6
$121.02 7
$50.86 8
Total $416.00
I would imagine that the favourite has about $121.02 placed on it at that time... |