Trying to work out the percentage of bank to bet with using the swinburne eg, but i could'nt get the same result as them.

$100 bank

0.6575
------ = 20.23% =$20.23
4.25-1

can someone help, must be doin something wrong?

Sorry Goldmember, I'd love to help you out but I don't quite understand what it is you're trying to do. What does the website say?

[ This Message was edited by: sportznut on 2004-03-29 12:55 ]

EG: swans $4.25 against collingwood . they gave swans 39% chance of winning
[39* 4.25]-1 = 65.75%

precentage to gamble
= overlay
-------
price-1

$100 bank

.6575
------ = 20.23% = $20.23 bet on swans
4.25-1

i coulnt come up with that amount


[ This Message was edited by: goldmember on 2004-03-29 13:04 ]

A price of $4.25 is actually 3.25 to 1. 65.75 divided by 3.25 is definitely 20.23. Is that where you're having trouble or are you having trouble with how they get the 65.75?


[ This Message was edited by: sportznut on 2004-03-29 13:27 ]

Thanks sportz, youve saved my grey hair turning white, i was using 4.25-1 not thinking of just using $3.25. Its so easy now that you pointed it out,i couldnt arrive at the 20.23 before thanks a bundle , i'll be able to sleep tonight LOL

CHEERS

Personally, I think that's a bit high anyway. If you had a bank of $100, I wouldn't suggest you spend 20% of it on one game!

I wouldnt either, it was a EG they had from a game awhile ago to show how they came up with a amount to bet. the overlay was pretty high, they still predicted collingwood to win 61% [dont know who won that game]

thanks again

[ This Message was edited by: goldmember on 2004-03-29 13:32 ]

Glad I could help you out! :smile: