*To express in terms of
chance, use the second half of the odds fraction and the total of the odds
E.g. 15/8 would be 8 chances in 23
We can see that, by staking the
calculated amounts to win on each of our live contenders at the best early
prices we can find, we are certain of securing a £12.19 profit (13.88% ROI)
regardless of which contender wins. We are confident of the outcome because we
consider the runners we have eliminated to have no chance of winning.
Obviously you cannot use the technique if the sum of your percentages
is more than 100. However, should you decide to eliminate a well-fancied favourite from your
calculations, or your list of live contenders is very short, the potential
profit can be significant.
The technique can be used in a live betting market once you become so
familiar with the calculations that you are able to make them very
calculations can be carried out extremely quickly and efficiently by
The Book tool.