Using Granchrow formula for calculating variance
variance = (bet_size)^2 * (decimal_odds - 1)
I did calculation for my results and got a bit confused.
For each and every bet variance equals either exactly my risk amount for bets on favorit
or my expected profit for bets on underdog.
AO Units at risk DO Variance
(103) 1.03 1.97 1.03
(161) 1.61 1.62 1.61
(106) 1.06 1.94 1.06
(112) 1.12 1.89 1.12
189 1 2.89 1.89
100 1 2 1
118 1 2.18 1.18
180 1 2.8 1.8
109 1 2.09 1.09 Etc.
Have i done it correctly and if yes what is the reason?
TY for help
variance = (bet_size)^2 * (decimal_odds - 1)
I did calculation for my results and got a bit confused.
For each and every bet variance equals either exactly my risk amount for bets on favorit
or my expected profit for bets on underdog.
AO Units at risk DO Variance
(103) 1.03 1.97 1.03
(161) 1.61 1.62 1.61
(106) 1.06 1.94 1.06
(112) 1.12 1.89 1.12
189 1 2.89 1.89
100 1 2 1
118 1 2.18 1.18
180 1 2.8 1.8
109 1 2.09 1.09 Etc.
Have i done it correctly and if yes what is the reason?
TY for help