Sports Betting Math Question
Join Date: Jan 2014
Posts: 656
Hi I was wondering if someone can come up with a formula for the following scenario:
My starting bankroll is $2000. If I were to win 62% of my bets getting -110 odds and each unit I am betting 5% of my bankroll, what would I be at after 500 units?
Thanks a lot for the math people out there, I have no idea how to do a formula for the scenario.
Join Date: Jan 2005
Posts: 742
Around $195k, getting 18.42% on your bets, increasing your roll by 0.00921% per bet.
ie you wont win at 62%
Join Date: Jul 2007
Posts: 1,148
Join Date: Oct 2008
Posts: 5,788
I'm rooting for OP. Full kelly @ 1,200 bets he can pay off the US national debt.
