Some of this is easy enough to read. Nlog1-pilog1-p Thats what I call the Fundamental Formula of Gambling indeed. The above example can easily be represented by the general equation Y XZ where X is the average odds of betting and Z is the success rate of predictions.
Mathematical Approaches to Football Betting.
Youll be happy to hear that the most important formula you need to know is also one of the simplest. Are you ready for it. Remember we get 1091 X our total capital anything time we wager and win 109145 32odds. Potential Profit Stake x Odds100 Since you also get your stake back with a winning wager this needs to be taken into account when calculating your total payout.