calculating juice

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  • tbiala
    SBR Rookie
    • 05-06-09
    • 14

    #1
    calculating juice
    how would i go about calculating the average juice in my spreadsheet that tracks my bets to figure out the win % i would need for my average juice bet to be able to break even $ wise. Is it just a simple, sum of the column and - and + can be combined? for instance average of 110, 105, -110, -115. ? Im assuming one of Ganchs formulas do this but not sure which one or if even. Again im new to all this excel stuff. thanks
  • suicidekings
    SBR Hall of Famer
    • 03-23-09
    • 9962

    #2
    It should be calculated as a weighted average dependent on bet size, using the decimal odds rather than the american odds.

    So if you had two bets:
    3 units @ -110 (1.91)
    1 unit at +170 (2.70)

    The average odds bet would be (3*1.91 + 1*2.7)/4 = 2.108 = +111

    Then, calculating the W% required to break even is simple.
    Last edited by suicidekings; 05-18-09, 09:44 PM.
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