Author Topic: Rather ODD question  (Read 4077 times)

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Rather ODD question
« on: 28 Feb 2017, 20:04 »

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 :)
 
 

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Re: Rather ODD question
« Reply #1 on: 01 Mar 2017, 04:00 »
Im looking for % values please

Im thinking of using that value (A) with % of bank (B) as recouping loss

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Re: Rather ODD question
« Reply #2 on: 01 Mar 2017, 13:04 »
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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