Let’s take a look at BACKING. I cannot BACK both teams and make a profit because the total of the percentage equivalent of the odds add up to more than 100% (101.3%), but if I BACK one of the contestants and there fore “lock” the odds I take, I can then wait for the odds on the other contestant to increase, which is my aim, to eliminate any overround.
BACK ODDS %
Worcestershire 2.02 49.50 (1÷2 x 100) Gloucestershire 1.93 51.81 (1÷1.93 x 100)
I’m going to BACK Worcestershire to WIN. I’ll place £50 at 2.02
My current situation is now: (2.02 1) x £50.00 (2.02 x £50.00
Odds Stake Potential Return Profit £ £ £