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Football matches played in the English Premiership and English Championship 06.01.2018 using the Profit Target Plan (PT) for 2 and 3 matches

Matches played 06.01.2018

National League Fixture Home Odds Draw Odds Away Odds Result
English League One Charlton v Oldham 2.25 3.5 3.5 Home Win
English League One Plymouth v Bury 2.25 3.5 3.5 Home Win
English League One Northampton v Southend 3.2 3.3 2.4 Home win

Using the Profit Target Formula for 2 and 3 matches the results gave a return of 73.55 and profit of 50 for the two match plan and a return of 113.50 and profit of 100 for the three match plan.

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Profit Target Formula

A variation on the fixed budget formula is the profit target formula. A feature of making professional bets is the ability to specify profit goals. The profit target formula is a powerful and flexible formula which is central to this professional betting ethos. The formula data requirements are the odds for each bet but instead of a fixed budget input you will enter a profit target amount for each bet.

The workbook does the formula calculations automatically

Formula ( 2 outcomes)

Formula ( 3 outcomes)

Variable X = Odds for bet 1 minus 1

Variable Y = Odds for bet 2 minus 1

Profit Target = PX

Working Formula

The stake formula for bet 1 is:

(Y + 1) * PX divided by (X * Y) 1

The stake formula for bet 2 is:

(X + 1) * PX divided by (X * Y) 1

 

 

Variable X = Odds for bet 1 minus 1

Variable Y = Odds for bet 2 minus 1

Variable Z = Odds for bet 2 minus 1

Profit Target = PX

Working Formula

The stake formula for bet 1 is:

(Z + 1) * PX divided by (X * Y) 1

The stake formula for bet 2 is:

(Y + 1) * PX divided by (X * Y) 1

The stake formula for bet 2 is:

(X + 1) * PX divided by (X * Y) 1

 

The screenshot below shows the betting plan after the betting budget and odds for each of the selected matches have been entered - the profit targets for the 2 match plan is 50 and 100 for the 3 match plan

NOTE -

It is also possible to use the second bet as a recoup bet which will return the value of the total stake money if it is the winning line to do this simply add the value 0 (zero) as the profit target for the second bet. This is very useful if you have a lot of confidence in your first bet and want to win larger profits from it without having to also name a profit target for your second bet.

 

 

 

 

 

 

 

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