A couple formulas for anyone using decimal odds

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  • thekid667
    SBR Sharp
    • 11-09-10
    • 468

    #1
    A couple formulas for anyone using decimal odds
    Formula #1
    1/the price (rounded up)=the percentage of wins it takes to make a profit.

    For example 1/1.90=.5263 or roughly 53%
    So if you made 100 picks @1.90 you would have to win 53 of them to make a profit.

    Formula #2
    1/ your win percentage=the average price (rounded up)that you should be getting to make a profit

    For example 1/.53=1.89
    So if you made 100 picks and won 53% of the time you would have to be getting an average price of 1.89 to make a profit.

  • canepole
    SBR Wise Guy
    • 02-12-10
    • 973

    #2
    good info
    Comment
    • jer_33
      SBR Rookie
      • 09-09-11
      • 38

      #3
      I've got a spreadsheet that is spitting out win probabilities, based on pythagorean win% and using something called a log5 formula to calculate the win probability. The decimal odds that it's spitting out (1/winprob) seems too extreme. Any suggestions?
      Comment
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