Betting formula

With the following formula you can automatically calculate how much you can bet in order to cover two possible outcomes of a soccer or any other sport game. This means that you can get the same profit depending on the odds given and on the money you bet.

E.g. Barcelona v Real Madrid, where Barcelona is the home team and Real Madrid the away team.

Victory of the Home team (e.g. Barcelona) 1
Draw X
Victory of the Away team (e.g. Real) 2

Lets assume that you are certain that one of the two teams will win, so you don't consider draw for an instant. In this case you bet 1 or 2

If you think that the Home team will not lose then you bet 1 or X

If you think that the Away team will not lose then you bet 2 or X

In all these aformentioned scenarios you have 2/3 chances of winning. The question is how much can you bet in order to cover two scenarios and earn the same money.

This depends on the odds you are given either online or offline. If you know the odds and the money you wish to bet the following formula will help you to calculate this.

Of course bear in mind that the chances of losing all your money is 1/3 if the outcome of the game is different than the one you predicted.

Tip: It isn't necessary to bet all your money on one betting website, if the odds given by another betting site are better then go for them and bet your money accordingly.
 
     
     
 
                           
  game result odds  
  1  
  x  
  2  
If you think that the Away team will not lose If you think that there will be no Draw If you think that the Home team will not lose
game result money you bet turn net profit % of profit game result money you bet turn net profit % of profit game result money you bet turn net profit % of profit
1 0 -100,00% 1 1
x x 0 -100,00% x
2 2 2 0 -100,00%