Hi,
Here is a common scenario, at least it is for me
.
2 back bets on, no green up forthcoming. I want to "Value Bet" the favourite according to the percentage chance of it winning as against the percentage chance of one of the other two winning.
How do I calculate the bet amount to place on the fav, so that all 3 bets will properly reflect their chances of winning?
Any ideas very welcome.
Larp