OZmium Sports Betting and Horse Racing Forums

10th September 2007, 06:06 PM

Benny

Banned

Join Date: Jan 1970

Posts: 689

Excel Help

Can some help with a formula to calculate a bet of 3% of a $200 bank?

10th September 2007, 08:16 PM

Usurper

Member

Join Date: Jun 2007

Posts: 45

Assume bank balance is in cell A1

=sum(A1*3/100)

10th September 2007, 11:59 PM

SeeDee

Member

Join Date: Apr 2005

Posts: 39

And, if you want to round it to nearest 50c

=round(A1*3/100/5,1)*5

I know it should be A1*3/500, but the above is easier to follow.

11th September 2007, 12:20 PM

stugots

Banned

Join Date: Jan 1970

Posts: 879

for closest 0.50c

=CEILING(A1*0.03,0.5)

or closest $1.00

=CEILING(A1*0.03,1)

Last edited by stugots : 11th September 2007 at 12:22 PM.

11th September 2007, 07:09 PM

Benny

Banned

Join Date: Jan 1970

Posts: 689

Now, say I wanted to bet up to 6 horses in the same race. Using a bank of $2000 bet 3% per race how would i find the amount to bet on each horse.

=CEILING(a1*0.03,1)/6

Last edited by Benny : 11th September 2007 at 07:24 PM. Reason: Edit

12th September 2007, 07:37 AM

stugots

Banned

Join Date: Jan 1970

Posts: 879

=CEILING(A1/6*0.03,1)

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