Help with Excel formula (FOR GOOGLE DOCS)

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  • LVBOUND
    SBR MVP
    • 07-25-08
    • 2658

    #1
    Help with Excel formula (FOR GOOGLE DOCS)
    I am working on a spreadsheet and need help with an excel formula, that I want to use in Google docs.

    I am trying to duplicate the US2Dec formula that ganchrow has on his excel template. for a 2 team parlay

    A1 = Unit
    E2= Team1 odds
    G2= Team2 odds
    H2=Parlay odds

    I am then trying to find the amount needed to be RISKED CELL I2 to make 1 UNIT.

    (20 SBR to someone that can give me an answer for both of these please)

    Thanks,

    Matt
  • LVBOUND
    SBR MVP
    • 07-25-08
    • 2658

    #2
    I found this, but it doesn't seem to work, I am not sure what I was doing wrong?

    I entered this (1+100/E2)*(1+10/G2)) into the parlay odds and ?????

    Originally posted by Ganchrow
    You take the product of the decimal odds.

    Hence, true parlay odds on two bets at would be (1+100/110)*(1+10/110) ≈ .

    True parlay odds on one bet at and another at would be (1+100/105)*(1+100/110) ≈ .

    This means that when parlaying 2 teams at -110 for +260 you're actually getting each team at odds of about .

    Similarly, when parlaying 3 teams at -110 for +600 you're actually getting each team at odds of about .

    Books will frequently offer 2- and 3- team parlays ot odds of +260 (13:5) and +600 (6:1), respectively. This is a throwback to the old days when (apparently) calculators were hard to come by and weighted several tons each (most of that weight was of course due to the wise-crackin' Pterodactyl that provided the calculator its juice). It was easier for a book maker (or is his customers) to calculate payout amounts at 13:5 or 6:1 than at 2.6446:1 or 5.9579:1.
    Comment
    • Pokerjoe
      SBR Wise Guy
      • 04-17-09
      • 704

      #3
      First, translate the team's odds into decimal format.

      Then, to get the parlay odds in H2, just multiply each team's odds:
      =E2*G2

      Then, with parlay odds in H2, risk amount, with A1 being your unit, is:

      =1/(H2-1)*A$1
      Comment
      • LVBOUND
        SBR MVP
        • 07-25-08
        • 2658

        #4
        =(100/((1+100/F2)*(1+100/H2)))*-1

        F2 and H2 are my lines

        -475
        -310

        I get -187

        SBR Parlay Calc has -166?????

        what am I doing wrong
        Comment
        • LVBOUND
          SBR MVP
          • 07-25-08
          • 2658

          #5
          Ok Fixed it
          Comment
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