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Odds Formula

  • 28-08-2011 9:15pm
    #1
    jkjhngk
    Closed Accounts Posts: 66 ✭✭


    Hi All,

    This is a simple Math question i think, but can't figure out how to work it out.

    For the All irelands, i currently have a bet, if kerry + Kilkenny will AI, i win 520. (i wagered 50)

    I would like to hedge the bet, so i was thinking of backing tipp (8/15), and then depending on how that game goes backing Dublin (5/4).

    So simply doing it, i would put 150 on Tipp = 230,
    If tipp win i'm +30

    If tipp lose, i bet 200 on Dublin @ 5/4 = 450
    So if Dublin win i'm + 50

    If Dublin lose (Kerry win), i'm plus 120.

    But can you guys please provide me with the formula to work this out so that i maxmise profit.

    Thanks.


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