For everyone else look away now.
Woolfie,
Look at the first figure on each line of my quote below.
When betting to level stakes a punter needs a20%
strike rate @
4/1
to break even, therefore
4/1 = 20%
.
ie Out of 100 ONE Point 4/1 bets, if a punter wins 20 and loses 80… for each win he/she makes 4 points winnings + the 1 point stake = 5 points returned. 20 x 5 = 100. So with 20 wins @ 4/1 the punter has staked 100 points and returned 100 points, breaking even. Therefore 4/1 is said to equal 20%.Now look at the second figure on each line.
A 10% SR is needed @ 9/1 to break even, therefore 9/1 = 10%.
Third figure, 5/1 = 16.7%
Fourth figure, 7/2 = 22.2%
Fifth, 6/4 = 40%
11/1 = 8.3%, 5/4 = 44.4%, 3/1 = 25% etc etc.4/1 + 9/1 + 5/1 + 7/2 + 6/4 + 11/1 + 5/4 + 3/1 + 6/1 + 9/4 + 13/1 + 100/30 + 11/4 = 288.6 = average 22.2 = average price taken 7/2
ie
20
+ 10 + 16.7 + 22.2 + 40 + 8.3 + 44.4 + 25 + 14.3 + 30.8 + 7.1 + 23.1 + 26.7 = 288.6 = average price taken 7/2
So when adding all the 13 numbers (percentages) up on the bottom line it adds up to a total of 288.6.
To find the AVERAGE PRICE divide the total 288.6 by the number of bets 13 = 22.2%.22.2% = 7/2 because a 22.2 (recurring)% strike rate @ 7/2 is needed to break even.
It has no relevance to my betting, like I said, It’s unlikely that I would to bet above 6/1 in the method I was using at the time. I was betting between even money and 6/1 at the top of the market.