Parlay
 

Today at Geelong races I have picked 6 horses that i think will run the place. So far 2 have run a place, but i don't know all the combination for a six horse parlay. Can someone help with regards to the different combinations.

benny

You don't need to know the combinations....juat place 60% of your parly bank on the first runner...if it wins add all winners to the 40% remainder then place 60% of that figure on the next bet....if you have a loser divide the 40% remainder in to a 60%-40% split and start again....you could do this for as many races as you like you can aslo do this for different races in different states.

It's a bit confusing. Could you explain with an example over 3 races.

benny

Bank $100
bet 1) $60 Remainder $40
win $2.50 return $60x$2.50=$150
$150+$40=$190
60% of $190=$114

bet 2) $114 Remainder $76
win $2.00 return $114x$2.00=$228
$228+$76=$304
60% of $304=$182

bet 3) $182 Remainder $122
win $1.50 return $182x$1.50=$273
$273+$122=$395

This could continue for as long as you wanted....if at any time you backed a loser you would just start with your remainder.
For example if the second bet was a loser you would split $76 in a 60%/40% your next bet would be $45 with remainder of $31
hope that clears it up

Would it work with 4 horses in a race. Just asking.

benny

Yes it would...you could just divide the bet amount by 4 but remeber to make a profit on the race you have to get a minimum $4 return unles you dutch them

is it possible to have a speadsheet to work out the bets and update the results each time.

benny

Just fill in the boxes....when you get to the end you can you the last orang amount in the first box to start again

Can you explan what the bet placed box is as i'm having a proble.. I put in my bank and it works out the bet and rem and when the bet placed I entered the amount, but it didn't do anything.


benny

i had a small calculation error...think it is fixed now...the reason for the bet placed box is if the bet to be placed is some uneven figure you can adjust it