fischer1411 Posted October 9, 2019 #1 Posted October 9, 2019 Hello guys I am not very good at maths and was thinking about a gambling related question recently and couldn't figure it out, I would appreciate it if someone could help me, I know there are many geniuses here on stake. I want to figure out what is the formula for betting on various different and mutually exclusive odds in a bet, so my profit/loss is always the same. If all the odds and payouts are the same, like 37 numbers in roulette, it's easy, just put 1 chip on every number, no matter what number comes up, the amount I win or lose is same (in this case a small loss). But if different bets have different odds like for example betting on every horse in a race, I don't know how to make my profit/loss the same. If you like math, it's interesting to think about. Hope someone smart can teach me.
Bitcoin2048 Posted April 13, 2020 #2 Posted April 13, 2020 lets say you bet 100$ and the odd is 2x, you lose it and want to use martingale on the next bet. You decide to bet on a match with 1,5 odds, now if you want to take back the 100$ from the last match and make a profit of 100$ you must bet 600$ x (your future bet) * 1,5(odds) = x (future bet) -(100+100) (money you lost) (money you want to make)
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