Hey
Does anyone know what the formula would be in excel to work out the profit for dutching? The same way BA does it?
So I'll have a list of results with there BSP and then have another cell which contains my back stake, I'll obviously filter the races to just show the ones I want to dutch
any ideas?
thanks
(I'll be trying to figure it out, but hoping someone can jump in and make my life a bit simpler
any excel god's about?
In this example were dutching SA and England
The formulas for each cell are in the highlighted box.
The first formula would be, =1/odds = IP %
The second row of titles are for the above formulas.
(Dutch 1) The sum of the IP%, would be all the runners that you wish to Dutch. In this case adding the IP% of SA and England together
The formulas for each cell are in the highlighted box.
The first formula would be, =1/odds = IP %
The second row of titles are for the above formulas.
(Dutch 1) The sum of the IP%, would be all the runners that you wish to Dutch. In this case adding the IP% of SA and England together
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Realrocknrolla
- Posts: 1903
- Joined: Fri Jun 05, 2020 7:15 pm
**What's Dutching?**
Imagine you have £10, and you're betting on a few horses in a race. Instead of putting all your money on one horse, you spread it out. This way, no matter which horse wins, you get the same amount of money back.
**Step-by-Step Guide:**
1. **Setting Up Your List**
First, make a list. Write down the names of the horses in one column and their odds (chances of winning) in the next column.
Example:
Horses in column A:
- Horse1
- Horse2
- Horse3
Odds in column B:
- 2.5
- 3.0
- 4.0
2. **Adding Together the Odds**
At the top of a new column, you're going to add together the odds in a special way. Divide 1 by each horse's odds and then add those numbers up. You can do this in cell C1 with a special formula: `=SUMPRODUCT(1/B2:B4)`
3. **Working Out How Much to Bet on Each Horse**
Now, figure out how much of your £10 you should put on each horse. If you've put your £10 in cell E1, then in cell C2 (next to Horse1), type a formula to work it out: `=£10 * B2 / C1`. Then, drag this formula down next to all the horses.
4. **How Much Will You Get Back?**
See how much money you'll get back if each horse wins. In cell D2 (next to Horse1), type a formula to see how much you'll win: `=(B2 * C2) - £10`. Then, drag this formula down next to all the horses.
Courtesy of ChatGPT
Imagine you have £10, and you're betting on a few horses in a race. Instead of putting all your money on one horse, you spread it out. This way, no matter which horse wins, you get the same amount of money back.
**Step-by-Step Guide:**
1. **Setting Up Your List**
First, make a list. Write down the names of the horses in one column and their odds (chances of winning) in the next column.
Example:
Horses in column A:
- Horse1
- Horse2
- Horse3
Odds in column B:
- 2.5
- 3.0
- 4.0
2. **Adding Together the Odds**
At the top of a new column, you're going to add together the odds in a special way. Divide 1 by each horse's odds and then add those numbers up. You can do this in cell C1 with a special formula: `=SUMPRODUCT(1/B2:B4)`
3. **Working Out How Much to Bet on Each Horse**
Now, figure out how much of your £10 you should put on each horse. If you've put your £10 in cell E1, then in cell C2 (next to Horse1), type a formula to work it out: `=£10 * B2 / C1`. Then, drag this formula down next to all the horses.
4. **How Much Will You Get Back?**
See how much money you'll get back if each horse wins. In cell D2 (next to Horse1), type a formula to see how much you'll win: `=(B2 * C2) - £10`. Then, drag this formula down next to all the horses.
Courtesy of ChatGPT
-
Realrocknrolla
- Posts: 1903
- Joined: Fri Jun 05, 2020 7:15 pm
Did this in 30 seconds
Not tested it...
Not tested it...
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