Calculate Better Odds

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Calculate Better Odds

Postby mtysocks » Wed Oct 12, 2011 10:32 am

Hi. I just wanted some help regarding working out better odds.

For example, if the best price of a horse is 3.0. How do I work out what the price should be if 25% better odds are offered?

All help appreciated.
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Postby osknows » Wed Oct 12, 2011 11:34 am

Hello,

If it's decimal odds of 3.0 then 25% better odds are (3-1)*0.25+3 = 3.5
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Sports betting software from Gruss Software


The strength of Gruss Software is that it’s been designed by one of you, a frustrated sports punter, and then developed by listening to dozens of like-minded enthusiasts.

Gruss is owned and run by brothers Gary and Mark Russell. Gary discovered Betfair in 2004 and soon realised that using bespoke software to place bets was much more efficient than merely placing them through the website.

Gary built his own software and then enhanced its features after trialling it through other Betfair users and reacting to their improvement ideas, something that still happens today.

He started making a small monthly charge so he could work on it full-time and then recruited Mark to help develop the products and Gruss Software was born.

We think it’s the best of its kind and so do a lot of our customers. But you can never stand still in this game and we’ll continue to improve the software if any more great ideas emerge.

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