This LAY bet is now lockedin at odds of 2.10. I now need the LAY odds for Gloucestershire to drop to a level which will give me enough manoeuvrability to trade myself into a Guaranteed Profit or a No Lose situation by LAYING Gloucestershire.
Let’s say the LAY odds for Gloucestershire drop to 1.5. This figure may be a little exaggerated, but I’m just showing principles in this manual. The percentage equivalent of 1.5 is 66.67% (1÷1.5 x 100)
LAY ODDS %
Worcestershire 2.10 47.62 (Lockedin Bet) Gloucestershire 1.50 66.67 (1÷1.5 x 100)
The total percentage is now more than 100% which puts me in a very favourable position and leaves me with a number of options:
· Generate a Guaranteed Profit no matter which team loses
· Generate a Profit situation if Worcestershire lose and a No Lose situation if they win · Generate a Profit situation if Gloucestershire lose and a No Lose situation if they win I will now go through each option explaining the maths involved so that you will have an under standing of what is happening. However, like other calculations, you will find spreadsheet layouts at the back of the manual.