How do I work out long term profit?
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Hi,
Can anyone help with converting the percentage difference between strike rate % and entered odds % in to profit realised?
As an example if you have a SR of 82% which equates to odds of 1.24 with comms. And you take odds of 78.5% which equates to 1.30 with comms. The difference between 82% - 78.5% is 3.5% How do you convert the 3.5% into working out your long term profit?
Thanks for any advice.
Matt
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Confused with wording this, took me a few times to read it and tbh im still unsure. However if iv read it right then its simpler than i thought to explain, think your making it more complicated for yourself. Think thats why ryan stopped on his reply.
Are you saying you have a 82% strike rate and are using odds of 1.3?
Lets use £10 staking:
18 losses = £180
82 wins = (1 win = £2.94 after comms)x82 = £241
P/L = (wins £241-losses £180) = +£61 so if we were using 1 point staking with these £10 stakes that means we are making around 6.1 points per 100 traded games as a base. Then you can adjust that to your staking.However like i said im confused with your wording but have given an answer as to what i think your asking for which is whats the p/l of 82% strike rate with 1.3 odds taken. That above is how i do my stuff.
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Hey Matt.
It would be maths exercise of working out the 82% scenario which would mean 18 losses and 82 wins - small profit I think @1.24 as your losses be £180 @ @10 stakes then 82 wins @1.24 would be £2.40 profit (not got commissions on there though!)
Then 78.5%
22 losses £220 loss
78 wins £10 @ 1.30
