The calculation of the Round Over - How to calculate the house edge

The round is over the income from the bookmaker or casino is built in a game enjoyed or
The prices offered on a horse race, for example. All you need is to know the
Betting on all possible outcomes of a game or sporting event offered. In the case of
Sporting event, all prices are published for games such as roulette, the odds range
are the regulations for the game.

An example best illustrates how the profit on a calculationHorse racing, riders and
The price of an imaginary race are offered as follows: -

Harvest Moon 6 / 4

Bob's Best 2 / 1

Antigua 6 / 1

maximum speed 15 seconds

Sunflower 8 / 1

Each prize consists of two components, for example, 6 / 4 is more than 6 chances of failure and 4 interpreted
Chance of success. Convert this price as a percentage by multiplying the second figure
100 and then divided by the sum of the two numbers are as follows: - 4 * 100 / (6 +
4) = 40%.

Youthis offer for all that follows -

Harvest Moon 4 * 100 / (6 + 4) = 40%

Best Bob 1 * 100 / (2 + 1) = 33%

Antigua 1 * 100 / (1 + 6) = 14%

Full Throttle 2 * 100 / (15 + 2) = 12%

Sunflower 1 * 100 / (8 + 1) = 11%

Total = 110% In this fictitious example, the built-in profit is 10%.

Horse around with typically increase in the number of runners in the race, ten horses
race would show about 10% over thirty turn during a horse racewould wear
about 30% compared to the round. While this may be considered unnecessary round on his unfair
Thoughts for the level. He has a lack of information (inside information) and to meet
the possibility of fixing the result.

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