Stake calculator
I am looking for a way for Excel to calculate stakes based on odds for a betting challenge we have at work. For example, if I have a target of getting 100 pennies what stake would I have to put in according to the odds given ? Eg Target = 100 pennies as a 'win' total, given the fact that the stake is also refunded when winning. The odds for dog A is 2-1, the odds for dog B is 5/2 etc. How much would I have to invest in Dog A to get 100 compared to the stake for Dog B (again to get the same total). We have all put in £10 and the winner gets drinks free all night :) . Any winnings plus our initial £10 donation goes to Cancer Relief. -- Marie1uk ------------------------------------------------------------------------ Marie1uk's Profile: http://www.excelforum.com/member.php...o&userid=20984 View this thread: http://www.excelforum.com/showthread...hreadid=532834 |
Stake calculator
bump for a good cause -- Marie1uk ------------------------------------------------------------------------ Marie1uk's Profile: http://www.excelforum.com/member.php...o&userid=20984 View this thread: http://www.excelforum.com/showthread...hreadid=532834 |
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