Betting Dogs?

[danshan11]

I know a very old post but does anyone remember a fixed return calculator that was put out what maybe was another forum. You could just plug in the odds and it would tell you how much to bet on the dog or favorite to get the same return..

=if(E126="","",if(E126>99,1/(E126*0.01),((E126*-1)*0.01)))

E126 equals the odds in US format

[danshan11]

I made you a simple sheet, here it is
just click file and click make a copy and then you can edit

https://docs.google.com/spreadsheets/d/1kyerjjGfGYSpOamsotxv4q6PzwO-cg-yVXl4WSLZtIc/edit?usp=sharing

[JacketFan81]

This whole thing just seems like 6 in one hand, half a dozen in the other.

[danshan11]

This whole thing just seems like 6 in one hand, half a dozen in the other.

Honestly im not sure its not

[LT Profits]

I know a very old post but does anyone remember a fixed return calculator that was put out what maybe was another forum. You could just plug in the odds and it would tell you how much to bet on the dog or favorite to get the same return..

You don't need a fancy calculator, formula is simply desired return / decimal odds.
So say you want balanced return of $200 and odds are -120/+110. That translates to decimal odds of 1.83/2.10, so if you want favorite, it is 200/1.83 = 109.29 to win 90.71. For dog, 200/2,10 = 95.24 to win 104.76

[semibluff]

I'm not going to get into an argument on the benefit of using Kelly as a staking system.The benefit is mathematically proven to maximise profit whilst lowering the maximum risk. However, Kelly staking does not operate in a vacuum. Nor does any other staking system. Betting 109.29 to win 90.71 or 95.24 to win 104.76 will also maximise the risk of your betting being perceived as steam chasing, the actions of a professional gambler, or at the very least, the actions of someone using a system. If you win your account will likely be closed down more quickly. Your account will probably survive longer if you flat bet to the nearest 'sensible target figure', so if your stake is over 90 bet 100 and if it's under 90 bet 80. The same thing applies with 112.5. If it's under bet 100 and if it's over bet 125. You'll get most of the Kelly staking benefit without drawing attention to yourself. If you bet bet the closest 'round numbers' rather than 'awkward numbers' then over the long haul you should get very similar profit/loss results.