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  • #1 by Raelptah on 28 Feb 2017

  • Hi folks, Good evening
     
    Can i ask something about odds and chances of winning please?
     
    If i have:
    Greyhound / Horse race on "winning markets" @ lay price 2 odds
     
    When i lay bet I see the liabilities and winning amounts as:
    -9.50 liable (on the fav)
    10+ win on all other placements
     
    What is the percentage of "winning" the lay for races with?
     
    6 runners – lay betting on 1 placement
    7 runners – lay betting on 1 placement
    9 runners – lay betting on 1 placement
    10 runners – lay betting on 1 placement
    14 runners – lay betting on 1 placement
     
    ... and can you show how to calculate that please ~ thank you :)
     
     
  • #2 by Raelptah on 01 Mar 2017
  • Im looking for % values please

    Im thinking of using that value (A) with % of bank (B) as recouping loss
  • #3 by Raelptah on 01 Mar 2017
  • Ahh see... its not about how many runners there are in a market, the odds being offered are a suggested reflection of the chance of winning. To do with form, if one is winning over the other closer to the end line etc. As in its a dynamic and changing. Sorry DUH! lol

    Ill leave what I found out here for others:

    odds 1.53      = 1/1.53 = 0.65 => 65% chance of winning
    odds 2         = 1/2 = 0.50 => 50% chance of winning
    odds 3.70      = 1/3.70 = 0.27 => 27% chance of winning

    Decimal
    Probability %
    1.01
    99.00
    1.02
    98.03
    1.03
    97.08
    1.04
    96.15
    1.05
    95.23
    1.10
    90.90
    1.15
    86.95
    1.18
    84.74
    1.20
    83.33
    1.23
    81.30
    1.25
    80.00
    1.29
    77.80
    1.30
    76.70
    1.33
    75.00
    1.36
    73.33
    1.40
    71.43
    1.44
    69.23
    1.50
    66.67
    1.53
    65.50
    1.57
    63.64
    1.65
    61.90
    1.67
    60.00
    1.73
    57.89
    1.80
    55.56
    1.83
    54.55
    1.90
    52.63
    1.91
    52.38
    2.00
    50.00
    2.05
    48.78
    2.10
    47.62
    2.11
    47.37
    2.20
    45.45
    2.25
    44.44
    2.30
    43.48
    2.35
    42.55
    2.37
    42.11
    2.40
    41.67
    2.50
    40.00
    2.60
    38.46
    2.62
    38.10
    2.70
    37.04
    2.75
    36.36
    2.80
    35.71
    2.87
    34.78
    2.90
    34.48
    3.00
    33.33
    3.10
    32.26
    3.20
    31.25
    3.25
    30.77
    3.30
    30.30
    3.40
    29.41
    3.50
    28.57
    3.60
    27.78
    3.70
    27.03
    3.75
    26.67
    3.80
    26.32
    4.00
    25.00
    4.33
    23.08
    4.50
    22.22
    5.00
    20.00
    5.50
    18.18
    6.00
    16.67
    6.50
    15.38
    7.00
    14.29
    7.50
    13.33
    8.00
    12.50
    8.50
    11.76
    9.00
    11.11
    9.50
    10.53
    10.00
    10.00
    11.00
    9.09
    12.00
    8.33
    13.00
    7.69
    15.00
    6.67
    17.00
    5.88
    19.00
    5.26
    21.00
    4.76
    23.00
    4.35
    26.00
    3.85
    29.00
    3.45
    34.00
    2.94
    41.00
    2.44
    51.00
    1.96
    67.00
    1.49
    81.00
    1.23
    101.00
    0.99






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