thedude4life
05-20-2005, 02:12 AM
i layed 450-30 (15-1) against the sonics making the nba finals a while back. i had looked up the odds on bodog and saw that it was 18-1. having just won the bet i tried to figure my net profit and expectation given that 18-1 are the true odds.
i got the following
win 30 dollars 18 times for +540
lose 450 dollars 1 times for -450
net gain: 90 dollars
expectation: 90/19= +$4.74 positive expectation
did i do these calculations correctly? i have doubts since ive never done this before.
thanks
i got the following
win 30 dollars 18 times for +540
lose 450 dollars 1 times for -450
net gain: 90 dollars
expectation: 90/19= +$4.74 positive expectation
did i do these calculations correctly? i have doubts since ive never done this before.
thanks