Hi guy's & doll's
I have excel 2007 with windows vista premium.am also quite new to excel.
I’ve been trying to calculate some odds by hand i thought i got it but tried
some
different odds for hours now and am stuck.
Here’s the situation team A has odds at 3.05 and team B at 5.10 odds.
So i totalled the two odds which came up as 8.15 then i subtracted 1 which
left 7.15.
After this i thought oh would it be nice to win £11.00 no matter what team
won.
I then divided £11.00 into 7.15 which gave 1.54 to two decimal places then i
simply
times this with the odds £4.69 at 5.10 and £7.85 at 3.05 which gave a profit
of £11.38 and £11.39 respectively.
This is when you take off the stake let’s say team A won so it would be
£7.85 stake back plus minus the other lost of £4.69 leaving a profit of
£11.39.
But i’ve tried with different odds and it won’t tally going over many
different things.
Can someone please help is there a formula for this or am i just wasting my
time.
May i take this opportunity to thank everyone in advance for your much
appreciated
help and time with my enquiry.
Paul.
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