Hi, Id like to use excel to work out the odds for the following.
using 13 cards, suit irrelevent, 2 through to ace. Ace high 2 low.
How do I calculate the odds. On betfair they have a hilo game card 1
or further upto card 11. At the start, before cards are turned they
have decimal odds of:
1 or further = 1.29, 2 or further =1.73, 3 or further= 2.33, 4 or
further
=3.1, 5 or further = 4.16, 6 or further =5.48 etc. How do they
calculate
these odds. When the first card is turned I can calculate the odds of
the next card bieng higher or lower, but not the odds for future
cards. Any ideas I know this may be a bit of topic here but Ive asked
every were.
Regards Robert