Staking
 

I want to back 3 or 4 horses in a race and make a profit of $10 no matter which one wins. Is there an excel formula that I can use.

Try this

HI Shaun have the qld tab changed there format for downloads to v4.5 and
consensus ratings 2012 v2.

thanks Rick

Yeah i noticed a change, i have seen this before it may just be today, if it is the same tomorrow i will have to make a change.

thanks for the reply Shaun, if you have to make a change could you please do it to both programs v4.5 and
consensus ratings 2012 v2.

cheers Rick

Depends on what i have to do.

Hi Benny,

I found this at Ozracetools:

Dutch Book

Put your odds in and at the bottom of the sheet, click on the 'profit' button and enter the amount you want to win, click 'calculate'.

thanks Shaun

Rick

Hi Benny,
I find Dutching to Return a fixed amount is the stronger way to go.
This is done by dividing the Horses price into a Fixed return amount of say $50

It controls the outlays more when there is varying numbers of horses being targeted race to race.
It also protects from overloading a race to show a profit, one tends to lose a lot less if it falls over on the shorter priced Dutchings.

Example.
Price
3.00 into 50.00 O/L 17.00 Ret 51.00 Prof 13.00
4.00 into 50.00 O/L 13.00 Ret 52.00 Prof 14.00
6.00 into 50.00 O/L 8.00 Ret 48.00 Prof 10.00
Total O/L 38.00

See Ozracetools for Dutching to Return, alternative to Dutching to Profit per race.