working out the %`s ??

[only_lasts_forever]

okay guys
to break even on games i know you need to hit 52.38% of plays over a season
How do say i am betting 100 a game work out my profit/loss during a season
for instance how would i work out how much my win/losses would be if i hit
say 54%, 37% and 62%. How do i work it out?
obv i dont know what i will hit but am curious to find out how to figure it all out. say i hit 60% at 100 a game at -110 what would i make
whats the formula to work it out for a simple guy like me to understand
thanks

 

[christof]

just winnings minus loss:

SeasonWinnings = Win% * #OfGamesBet * BetSize * 100/110
SeasonLoss = Loss% * #OfGamesBet * BetSize

NetProfit = (Win% * #OfGamesBet * BetSize * 100/110) - (Loss% * #OfGamesBet * BetSize)

 

[only_lasts_forever]

hi
tried to work it out using your figures but must be dumb cos doesnt work out
do me a favour if you have time. show me how you work it out
1-say i bet 40 games during the season and bet 60% winners at $100 a game at -110

2-i bet 37 games during the season and bet $100 and get only 45% winners at 10/11

sorry for being so dumb. thanks for taking the time.

 

[christof]

1.
(.6 * 40 * 100 * 10 / 11) - (.4 * 40 * 100) = 581.81

2.
(.45 * 37 * 100 * 10 / 11) - (.55 * 37 * 100) = -521.36

Work on your math... helps with gambling

 

[mhk]

There is a chart here..
http://www.professionalgambler.com/Winperct.html
My advice is to seek out books at -107 or even better odds. The days of laying -110 are hopefully ending..