Calculating dutching bet amounts

mayoman1973

Suppose I have a match with the following odds on the 1 X 2 market
1.63 3.72 5.22

As opposed to laying the Away team at 5.22 and making £5 profit if it fails to win, I want to split my bet between the home and Draw options and make £5 that way. I don't want to do a double chance.
Put simple, hw do I calculate the amounts I need to put on each of Home and Draw in order to have a £5 profit if either result comes in for me.
I want to get the formula for calculating it as opposed to a link to an online dutching calculator.
Cheers .....

Healio

Divide 100 by the decimal price:

100/1.63 = 61.349
100/3.72 = 26.881

So you are backing 88.23% of the market or just under 1/7 (1.13 decimal price)

To win a fiver (or any amount) at 1.13 you need to stake 5.00/0.13 = 38.46 (or amount to win/over decimal price)

Now divide this by the total percent of the market you are backing: 38.46/.8823 = 43.59

Then Multiply this figure by the first percentages:

1.63 = 43.59 * .61349 = 26.74
3.72 = 43.59 * .26881 = 11.72

mayoman1973

Good man, great explanation. Exactly what I was looking for. Cheers

byronbay2

Oddschecker have a dutching calculator - very handy!


http://www.oddschecker.com/betting-tools/dutching-calculator.html